63 Terrace Street
New Haven, Connecticut 06512
- Beds
- 2
- Baths
- 2
- SqFt
- 1,034
- Acres
- 0.11
- Year Built
- 1950
- Neighborhood
- Morris Cove
- Property Type
- 2 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
A two-family duplex in the Annex section of New Haven with both distinct rental units located on the first floor. Each individual unit covers under 600 square feet, offering a 1-bedroom, 1-bathroom layout with newly renovated kitchens (just 2 months). Both units feature an independent fireplace, one has gas heating the other electric, and include all core kitchen appliances. Roof and siding are 6 years old. The property sits on a nice size lot, boasting a large backyard, a detached garage and a driveway. The home is highly accessible, situated within a quick 10-minute drive to Yale University, Downtown New Haven, local area hospitals, major highways and the primary New Haven Train Station as well as plenty of eateries, restaurants and lots of shopping areas! Come take a look at this little gem that works well for investors and owner occupants...just think low maintenance!
Key Facts
- City/Town
- New Haven
- Neighborhood
- Morris Cove
- Property / Style
- Multi-Family · Units are Side-by-Side
- Year Built
- 1950
- Days on Market
- 0 days
- Beds
- 2
- Baths
- 2 full
- Living Area
- 1,034 sq ft
- Lot Size
- 0.11 acres
- Garage / Parking
- 1 garage · 3 total
- Property Taxes
- $5,404 / Annually
Market Snapshot
The New Haven Market
Multi-Family · trailing 12 months
Active Listings
71
59 under contract
Median List Price
$575,900
71 active listings
Median Closed Price
$480,000
298 sales
Median Days on Market
41
71 active listings
Median $ / Sq Ft
$198
71 active listings
Sale-to-List Ratio
100.1%
298 sales
How this home compares
List Price
$325,000
vs $575,900 median
43.6% below median
Price / Sq Ft
$314
vs $198 median
58.6% above median
Days on Market
0 days
vs 41 days median
41 days fresher than median
Based on 71 active and 298 closed sales (trailing 12 mo) of multi-family in New Haven. Source: SmartMLS · As of August 21, 2026.
Location
63 Terrace Street, New Haven, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 20, 2026per month
- Principal & Interest$1,669
- Property Taxes$450
- Insurance$108
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New Haven
- Neighborhood
- Morris Cove
- County
- New Haven
Residence
- Property Type
- Multi-Family
- Subtype
- Duplex
- Style
- Units are Side-by-Side
- Year Built
- 1950
- New Construction
- No/Resale
- Living Area
- 1,034 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- ElectricNatural Gas
- Cooling
- Window Unit
- Fireplaces
- 2
- Laundry
- Hook-Up In Unit 1
- Laundry Location
- Unit 2 has no hook up
- Basement
- None
Exterior & Lot
- Lot Size
- 0.11 acres
- Zoning
- RM1
- Garage / Parking
- 1 garage space3 total parking spacesDetached GarageDrivewayPrivate
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- WHITE
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $5,404 / Annually
- Days on Market
- 0
- MLS #
- 24201046
- MLS Status
- Active
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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 8/21/2026. 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 8/21/2026 at 10:35 PM UTC.