246 Newhall Street
New Haven, Connecticut 06511
Reduced from $450,000
- Beds
- 7
- Baths
- 3
- SqFt
- 1,817
- Acres
- 0.06
- Year Built
- 1903
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Investor-friendly three-family property in the heart of New Haven! This income-producing multifamily presents an excellent opportunity to expand your investment portfolio or owner-occupy one unit while generating rental income from the other two. The sale includes the adjacent lot at 242 Newhall Drive, offering additional potential. Buyers are encouraged to conduct their own research regarding zoning, permits, and the possibility of future development. Each unit features separate utilities for added convenience and simplified property management. Ideally located just minutes from downtown New Haven, Yale University, major hospitals, public transportation, shopping, dining, and easy access to major highways. All units are rented in the property, generating $3,850/month ($46,200 annually) - bringing a high gross yield to the listing price. New owners enjoy immediate revenue from day one.
Key Facts
- City/Town
- New Haven
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Other
- Year Built
- 1903
- Days on Market
- 32 days
- Beds
- 7
- Baths
- 3 full
- Living Area
- 1,817 sq ft
- Lot Size
- 0.06 acres
- Property Taxes
- $5,138 / Annually
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
$430,000
vs $599,900 median
28.3% below median
Price / Sq Ft
$237
vs $212 median
11.8% above median
Days on Market
32 days
vs 41 days median
9 days fresher than 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
246 Newhall Street, New Haven, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,192
- Property Taxes$428
- Insurance$143
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Haven
- Neighborhood
- N/A
- County
- New Haven
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Other
- Year Built
- 1903
- New Construction
- No/Resale
- Living Area
- 1,817 sq ft
Schools
- Elementary
- Per Board of Ed
- Middle
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Gas on Gas
- Cooling
- Window Unit
- Laundry
- Basement Hook-Up(s)
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.06 acres
- Zoning
- RM2
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $5,138 / Annually
- Days on Market
- 32
- MLS #
- 24186109
- 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 5:15 AM UTC.