587 orchard Street
New Haven, Connecticut 06511
Reduced from $695,000
- Beds
- 8
- Baths
- 5
- SqFt
- 3,200
- Acres
- 0.15
- Year Built
- 2026
- Neighborhood
- Newhallville
- Property Type
- 5+ Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
DEVELOPMENT OPPORTUNITY!!!!Recently renovated 1,600 SF rental house leased for $2,600 per month (along with) Final approvals are in place to build a four-unit building at the rear of this parcel, with one unit designated as affordable. All floor plans and documentation from the City of New Haven are attached. CURRENT PROPERTY TAXES ON PARCEL APPROX 5600/YR
Key Facts
- City/Town
- New Haven
- Neighborhood
- Newhallville
- Property / Style
- Multi-Family · Units are Side-by-Side
- Year Built
- 2026
- Days on Market
- 41 days
- Beds
- 8
- Baths
- 5 full
- Living Area
- 3,200 sq ft
- Lot Size
- 0.15 acres
- Property Taxes
- Not on file from MLS
Market Snapshot
The New Haven Market
Multi-Family · trailing 12 months
Active Listings
61
64 under contract
Median List Price
$599,900
61 active listings
Median Closed Price
$475,000
293 sales
Median Days on Market
41
61 active listings
Median $ / Sq Ft
$212
61 active listings
Sale-to-List Ratio
100.1%
293 sales
How this home compares
List Price
$579,000
vs $599,900 median
In line with median
Price / Sq Ft
$181
vs $212 median
14.6% below median
Days on Market
41 days
vs 41 days median
In line with median
Based on 61 active and 293 closed sales (trailing 12 mo) of multi-family in New Haven. Source: SmartMLS · As of July 28, 2026.
Location
587 orchard Street, New Haven, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,952
- Property Taxes$0
- Insurance$193
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Haven
- Neighborhood
- Newhallville
- County
- New Haven
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units are Side-by-Side
- Year Built
- 2026
- New Construction
- To Be Built
- Living Area
- 3,200 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Heat Pump
- Heat Fuel
- Electric
- Cooling
- Ductless
- Laundry
- All Units Have Hook-Ups
- Basement
- None
Exterior & Lot
- Lot Size
- 0.15 acres
- Zoning
- rm2
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- ClapboardVinyl Siding
- Color
- white
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- Level Lot
Listing & Financials
- Days on Market
- 41
- MLS #
- 24170652
- MLS Status
- Active
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 7:01 AM UTC.