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$448,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Total Beds
  • Updated 7 days ago
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Distressed value-add multifamily opportunity in a prime New Haven location just minutes from Downtown and Yale University. Currently configured as a 4-family with approved plans and permits in place for conversion to a 5-unit residential building, offering significant upside potential. All major approvals have been secured, including zoning variance and building/fire department approvals. The proposed layout includes a mix of 1-bedroom, 3-bedroom, and large 4-bedroom units. Full interior and exterior renovation required. No on-site parking. Strong rental market supported by proximity to Yale, public transportation, and major highways. Rent comps available for both 4-unit and 5-unit scenarios. All the hard work is done. Just build and cash flow!

Full Property Details for 123 Carmel St

General

  • Price: $448,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24164692
  • Updated: 5/17/2026
  • Added to Site: 50 day(s) ago

Interior

  • Number of Rooms: 19

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 11

Location

  • County: New Haven
  • Driving Directions: gps

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water, No Fuel
  • Heating Fuel: No Fuel
  • Water Heater: No Hot Water

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: None
  • Roof: Flat
  • Square Feet: 5,313
  • Above Ground: 5,313 Sq. Ft.
  • Year Built: 1920

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.09
  • Zoning: RM2
  • Lot Description: Corner Lot

Financial Considerations

  • Assessment Amount: $285,320
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1256713

Listed by P2P Realty Group LLC, Kate Usovich

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Listing agent

— 123 Carmel St —

  • Kate Usovich

    P2P Realty Group LLC

Agent Contact: (203) 710-0701 Office Contact: (203) 710-0701

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 123 Carmel St

School District:New Haven School District
NameGradesDistance
Beecher School
100 Jewel Street, New Haven, CT 06511
PK-60.8 mi
James Hillhouse High School
480 Sherman Parkway, New Haven, CT 06511
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 123 Carmel St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/05/2026
Listed
$448,000
35.76%
MLS
1/15/2025
Sold
$330,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 123 Carmel St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,242
2%
$285,320
—
2023
$10,985
3%
$285,320
—
2023
$10,614
-6%
$285,320
—
2022
$11,341
2%
$285,320
13%
2021
$11,101
—
$252,980
—
2020
$11,101
2%
$252,980
—
2019
$10,873
—
$252,980
—
2018
$10,873
11%
$252,980
—
2017
$9,785
14%
$252,980
23%
2016
$8,571
—
$206,290
—
2015
$8,571
—
$206,290
—
2014
$8,571
2%
$206,290
—
2011
$8,417
—
$206,290
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by P2P Realty Group LLC, Kate Usovich

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Recent Sales near 123 Carmel St

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123 Carmel Street, New Haven, CT 06511 (MLS# 24164692) is a Multi-Family property with 4 units containing 11 bedrooms and 5 full bathrooms. 123 Carmel Street is currently listed for $448,000 and was received on April 05, 2026. Want to learn more about 123 Carmel Street? Do you have questions about finding other Multi-Family real estate for sale in New Haven? You can browse all New Haven real estate or contact a Coldwell Banker agent to request more information.

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