244 Sherman Avenue, New Haven, CT 06518 (MLS # 24189456)


Price $499,900
Status Active
Beds 6
Baths 4 Baths
Home size 4,090 sqft
Lot Size 3,921 sqft
Days on Market 46
Exceptional value-add opportunity in the heart of New Haven's desirable Edgewood neighborhood! This unique multi-family property offers an exciting opportunity for investors, developers, and visionaries looking to unlock its full potential. Currently configured as a 2-family with 6 bedrooms and 6 full bathrooms, the property also comes with zoning-approved plans to convert it into a 5-family residence, creating a rare opportunity to significantly increase its income-producing potential. With generous square footage and a flexible layout, this property provides a strong foundation for a transformative renovation. Whether you're an experienced investor or looking for your next development project, the possibilities are substantial. Bring your contractor, your vision, and the right team to reimagine this property into a standout asset in one of New Haven's most established neighborhoods. Located in the sought-after Edgewood neighborhood, you'll enjoy convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways, making this an attractive location for future tenants. While the property requires significant renovation and is being offered as an opportunity for someone ready to add value, the approved conversion plans and prime location make it a truly compelling investment. Don't miss your chance to bring new life to a property with exceptional upside and long-term potential.
Property Type(s): Multi Family
Last Updated 7/6/2026 Year Built 1900
County New Haven

SCHOOLS

Elementary School Edgewood
Jr. High School Enginering/Science
High School James Hillhouse

Additional Details

AIR None
APPLIANCES Gas Water Heater
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Clapboard, Frame
HEAT Forced Air, Natural Gas, Oil
LOT 3920 sq ft
LOT DESCRIPTION Level
SEWER Public Sewer
STYLE Units are Side-by-Side, Units on different Floors
TAXES 13408
WATER Public
ZONING RM2

Location

 

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Listing courtesy of Roundtree Realty LLC
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