Multi-Family For Sale · 3 Family
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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.
Listed by Nathaniel Correa (203) 247-8512 with Smart Realty Services Corp (203) 437-7919
Estimate only. Contact a lender for accurate figures.
Nathaniel Correa · (203) 247-8512
Smart Realty Services Corp · (203) 437-7919
MLS# 24186109 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Jul 29, 2026 7:00 AM UTC
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246 Newhall Street, New Haven CT, 06511
$430,000 • Active
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