New Haven, CT 06511 (MLS # 24171227)

Price $469,000
Status Active
Beds 6
Baths 2 Baths
Home size 1,792 sqft
Lot Size 7,841 sqft
Days on Market 56
Charming 2-Family Income Producer in the Heart of New Haven - Turnkey Cash Flow from Day One! Located in the heart of New Haven, this 2-unit multifamily property at 567 Sherman Parkway offers convenience and strong investment potential. Close to renowned schools and public facilities, it features a large 0.18-acre lot with a spacious backyard and open driveway that comfortably parks up to 7 cars off-street, providing rare privacy and convenience. Each unit includes 3 bedrooms plus a living room that could easily change into the 4th bedroom. Currently leased at $2,000 and $1,850 per month respectively, with tenants paying their own utilities, the property generates $3,850/month ($46,200 annually) - delivering high gross yield to the listing price. New owners enjoy immediate revenue from day one. The generous land adds significant value (estimated land contribution $80,000-$120,000+), while replacement construction costs for a similar building far exceed the listing price. In today's economy, this property serves as both an inflation-shielded investment and a low-maintenance business with limited personal involvement. Ideal for investors seeking reliable passive income or owner-occupants who want rental income to help cover the mortgage. Don't miss this unique opportunity with strong fundamentals and immediate cash flow! Schedule your showing today.
Property Type(s): Multi Family
Last Updated 5/15/2026 Year Built 1940
Garage Spaces 1.0 County New Haven

SCHOOLS

Elementary School Wexler/Grant
High School James Hillhouse

Price History

Prior to May 10, '26 $485,000
May 10, '26 - May 15, '26 $480,000
May 15, '26 - Today $469,000

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Water Heater
BASEMENT Full, Yes
CONSTRUCTION Frame, Vinyl Siding
FIREPLACE Yes
GARAGE Yes
HEAT Forced Air, Hot Water, Natural Gas
LOT 7841 sq ft
LOT DESCRIPTION Level
PARKING Off Street
SEWER Public Sewer
STYLE Units on different Floors
TAXES 5153
WATER Public
ZONING RM2
 

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Listing courtesy of Real Broker CT, LLC
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