527 Chapel Street
New Haven, CT 06511
24
Bed
16
Bath
14,692Sqft
0.18Acre(Lot)
Exceptional opportunity to acquire a 16-unit multifamily property in the heart of Wooster Square. This approximately 14,692 SF brick building features a desirable unit mix of eight 1-bedroom and eight 2-bedroom apartments. The property currently generates $29,750 per month in in-place rental income, excluding two vacant units that provide immediate lease-up potential. At projected rents of $1,900 and $2,250 for the vacant units, total potential rental income is approximately $33,900 per month / $406,800 annually. The property offers additional value-add potential through continued unit improvements, rent optimization as leases turn over, and expansion of in-unit laundry. Nine of the sixteen units currently feature in-unit laundry. Separate utilities and natural gas heat help minimize own
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 24Bathroom Information
Total Baths: 16 Full Baths: 16Room Information
Rooms Total: 54 Has Basement: Yes Basement: Full -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Wall Unit(s)
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Building Information
Year Built: 1890 Building Area Total: 14692 Construction Materials: Brick, Concrete, Stone Private Pool: No View: City
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Lot Information
Lot Size Acres: 0.18
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Listing Price Information
Listing Price: $3899999
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Tax Information
Parcel Number: 1245699 Annual Tax: $63732
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Per Board of Ed -
Location Information
Direction: Gps WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 49 Huntington Avenue, New Haven, CT, 06511 | $402,000 | 4 | 2 | 1,812 | 0.11 Acre |
| 71 Lenox Street, New Haven, CT, 06511 | $359,000 | 3 | 2 | 1,344 | 0.32 Acre |
| 82 Fillmore Street, New Haven, CT, 06511 | $650,000 | 7 | 5 | 3,275 | 0.22 Acre |
| 26 Grace Street, New Haven, CT, 06511 | $320,000 | 2 | 2 | 1,094 | 0.10 Acre |
| 76 Rock Street, New Haven, CT, 06511 | $415,000 | 5 | 2 | 1,566 | 0.17 Acre |
| 75 Nash Street, New Haven, CT, 06511 | $575,000 | 3 | 2 | 1,200 | 0.09 Acre |
| 189 Nicoll Street, New Haven, CT, 06511 | $625,000 | 4 | 2 | 2,632 | 0.14 Acre |
| 50 Nash Street, New Haven, CT, 06511 | $1,595,000 | 12 | 5 | 5,661 | 0.08 Acre |
| 117 Nicoll Street, New Haven, CT, 06511 | $950,000 | 6 | 4 | 4,200 | 0.17 Acre |
| 38 Bishop Street, New Haven, CT, 06511 | $2,595,000 | 18 | 6 | 9,072 | 0.18 Acre |
Similar Multifamily To 527 Chapel Street
Nearby For Sale
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ByOwner last updated this listing 09/16/2026 @ 01:31
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