522 Elm Street
New Haven, Connecticut 06511
- Beds
- 8
- Baths
- 9
- SqFt
- 5,222
- Acres
- 0.10
- Year Built
- 1900
- Property Type
- 5+ 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
Renovated 9-Unit Multifamily | 8 of 9 Occupied | ~7.63% Stabilized Cap | ~9.0% Pro Forma Cap | Near Yale New Haven Hospital 522 Elm Street offers an opportunity to acquire a newly renovated 9-unit multifamily property on a corner lot near Yale New Haven Hospital and downtown New Haven. Featuring 2 studios, 6 one-bedroom units, and 1 two-bedroom unit, the property is currently 8 of 9 occupied with immediate lease-up potential. Extensively renovated units feature hardwood flooring, bright layouts, updated kitchens with quartz countertops, modern cabinetry, and stainless steel appliances. Electric heat, natural gas hot water, and gas cooking. Tenants pay individual gas and electric; landlord pays water/sewer and common electric. Additional income potential through installation of coin-operated laundry in the basement. Conveniently located near Yale New Haven Hospital, Yale University, downtown, and the major Adams Neurosciences Center expansion at the Saint Raphael Campus. Strong rental income with significant upside! Approximately 7.63% stabilized cap based on projected lease-up and a potential 9.0% pro forma cap upon achieving projected market rents. Buyer to verify all income, expenses, and projections.
Key Facts
- City/Town
- New Haven
- Neighborhood
- N/A
- Property / Style
- Multi-Family · 3updown - Unit(s) per Floor
- Year Built
- 1900
- Days on Market
- 48 days
- Beds
- 8
- Baths
- 9 full
- Living Area
- 5,222 sq ft
- Lot Size
- 0.10 acres
- Garage / Parking
- 4 total
- Property Taxes
- $22,611 / Annually
Market Snapshot
The New Haven Market
Multi-Family · trailing 12 months
Active Listings
68
55 under contract
Median List Price
$599,900
68 active listings
Median Closed Price
$500,000
300 sales
Median Days on Market
70
68 active listings
Median $ / Sq Ft
$212
68 active listings
Sale-to-List Ratio
100.2%
300 sales
How this home compares
List Price
$1.42M
vs $599,900 median
2.4× the median
Price / Sq Ft
$272
vs $212 median
28.3% above median
Days on Market
48 days
vs 70 days median
22 days fresher than median
Based on 68 active and 300 closed sales (trailing 12 mo) of multi-family in New Haven. Source: SmartMLS · As of November 3, 2026.
Location
522 Elm Street, New Haven, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 29, 2026per month
- Principal & Interest$7,736
- Property Taxes$1,884
- Insurance$473
- 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
- 5 Family+
- Style
- 3updown - Unit(s) per Floor
- Year Built
- 1900
- New Construction
- No/Resale
- Living Area
- 5,222 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- Window Unit
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.10 acres
- Zoning
- RM2
- Garage / Parking
- 4 total parking spacesPavedOff Street Parking
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Stucco
- Color
- White
- Roof
- Other
- Foundation
- Concrete
- Lot Description
- Corner LotLevel Lot
Listing & Financials
- Property Taxes
- $22,611 / Annually
- Days on Market
- 48
- MLS #
- 24207540
- MLS Status
- Active
Similar Properties
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Co-Listed By
Henry Puciato
Puciato Altieri Realty Group
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 11/3/2026. 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 11/3/2026 at 10:50 PM UTC.