527 Chapel Street, New Haven, CT 06511
Local realty services provided by:CENTURY 21 Alliance Realty Group
527 Chapel Street,New Haven, CT 06511
$3,899,999
- 24 Beds
- 16 Baths
- 14,692 sq. ft.
- Multi-family
- Active
Listed by: joseph tracey, michelle gutierrez(203) 676-9953
Office: social & co realty(203) 484-8061
MLS#:24206633
Source:CT
Price summary
- Price:$3,899,999
- Price per sq. ft.:$265.45
About this home
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 owner-paid expenses. Parking is available nearby through the St. Andrew's Society for an additional fee, subject to availability and separate arrangement, providing tenants with a convenient parking in this highly walkable neighborhood. Ideally situated near Wooster Square Park, Downtown New Haven, Yale University, restaurants, public transportation, and major highways, 527 Chapel Street offers investors a compelling combination of strong in-place income, immediate lease-up opportunity, and long-term value-add potential. 16 Units * 8 One-Bedrooms * 8 Two-Bedrooms * 14,692 SF * 9 Units with In-Unit Laundry * $29,750/Month In-Place Rent * $33,900/Month Potential. Agent/Owner....
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Home facts
- Year built:1890
- Listing ID #:24206633
- Added:44 day(s) ago
- Updated:October 29, 2026 at 12:14 PM
Rooms and interior
- Bedrooms:24
- Total bathrooms:16
- Full bathrooms:16
- Rooms Total:54
- Basement Description:Full Basement
- Living area:14,692 sq. ft.
Heating and cooling
- Cooling:Wall Unit
- Heating:Gas on Gas, Hot Water
Structure and exterior
- Roof:Flat
- Year built:1890
- Building area:14,692 sq. ft.
- Lot area:0.18 Acres
- Lot Features:City Views
- Architectural Style:Units are Side-by-Side
- Construction Materials:Brick
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
- Sewer:Public Sewer Connected
Finances and disclosures
- Price:$3,899,999
- Price per sq. ft.:$265.45
- Tax amount:$63,732 (July 2026-June 2027)
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