617 Elm Street

New Haven, CT 06511

$445,000
Price
5
Beds
3
Baths
3,002 Sq. Ft.
$148 / Sq. Ft.
3,002
Sq. Ft.
$148
per Sq. Ft.

Description

Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway...Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don't miss out on this income-producing asset with potential for added value!"
  1. Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.
    P: (860)-215-3634 C: (860)-215-3634 mulveylisa@gmail.com
  2. Listed by Chantal Lallier • Berkshire Hathaway NE Prop.
    P: (860)-633-3674 C: (860)-729-4176 chantallallier@bhhsne.com

Property Details for 617 Elm Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
3
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Detached Garage
Swimming Pool
No
LISTING UPDATED: 10/25/2024 09:52 PM

Property Details for 617 Elm Street

StatusActive
MLS #24040338
Days on Market97
Taxes$8,899 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1900
Lot Size0.18 AC / 7,840 SF
CountyNew Haven County

Building Information for 617 Elm Street

Stories-Residences3Year Built1900Building Size-Lot Size0.18 AC / 7,840 SF

Property Information for 617 Elm Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.314948
  • Longitude: -72.941679
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $8,899
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water, Radiator
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 14
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding, Asbestos
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1255660
  • Sq Ft Est Heated Above Grade: 3002.0
  • Sq Ft Total: 3002.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 14548
  • Gross Annual Income: 23400
  • Net Operating Income: $8,852
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 14
Unit 1
  • Listing Key: 1FD33629A4CFB547E063D501100AC445
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 10-25-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 2
  • Listing Key: 1FD33629A4CFB547E063D501100AC445
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 10-25-2024
  • Unit Monthly Rent: $875
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Listing Key: 1FD33629A4CFB547E063D501100AC445
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 10-25-2024
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 617 Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 617 Elm Street

Taxable ValueLand$38,290Additions$192,850Total$231,140
Tax Record2024$8,899 ($742 / month)
Home Facts
Baths3Total Finished SqFt3,002 SqFtAbove Grade Finished SqFt3,002 SqFtStories3Lot Size7,758 SqFtStyleTriplexYear Built1900ZoningRM2CountyNEW HAVENAPNNHVN M:319 B:0281 L:02700

Schools near 617 Elm Street

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Augusta Lewis Troup School
PublicPK to 8

James Hillhouse High School
Public9 to 12

Wexler/Grant Community School
PublicK to 8

Hill Regional Career High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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617 Elm Street is a multi-family home for sale in New Haven, CT 06511. This property was listed for sale on August 16, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $445,000. It has been on the market for a total of 97 days and was last sold on April 12, 2016. This listing's school district is New Haven School District. Nearby schools include Augusta Lewis Troup School, James Hillhouse High School and Wexler/Grant Community School. 617 Elm Street is a 5-bed, 3-bath, 3,002 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Lisa Cozzi; Berkshire Hathaway NE Prop., Chantal Lallier

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.