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$400,000
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Property Description
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.
Full Property Details
Full Property Details for 246 Newhall St
General
- Sold For: $400,000
- Taxes: (July 2026-June 2027)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24186109
- Added to Site: 105 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Basement Hook-Up(s)
Location
- County: New Haven
- Driving Directions: Use GPS
School Information
- Elementary School: Per Board of Ed
- Middle School: Per Board of Ed
- Intermediate School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Gas on Gas
- Water Heater: 40 Gallon Tank
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Other
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingle
- Square Feet: 1,817
- Above Ground: 1,817 Sq. Ft.
- Year Built: 1903
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.06
- Zoning: RM2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $130,410
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Property ID: 1252355
Listed by Smart Realty Services Corp, Nathaniel Correa
Sold by Alpha Capital Realty, LLC, Juan Osorio-Ramirez
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Schools
Schools serving 246 Newhall St
School District:New Haven School District
| Name | Grades | Distance |
|---|---|---|
Lincoln-Bassett School 130 Bassett Street, New Haven, CT 06511 | PK-6 | 0.1 mi |
King/Robinson Magnet School 150 Fournier Street, New Haven, CT 06511 | PK-8 | 0.7 mi |
Wexler/Grant Community School 55 Foote Street, New Haven, CT 06511 | PK-6 | 0.8 mi |
James Hillhouse High School 480 Sherman Parkway, New Haven, CT 06511 | 9-12 | 0.8 mi |
Worthington Hooker School 180 Canner Street, New Haven, CT 06511 | K-6 | 0.9 mi |
East Rock Community Magnet School 133 Nash Street, New Haven, CT 06511 | PK-8 | 1.3 mi |
Beecher School 100 Jewel Street, New Haven, CT 06511 | PK-6 | 1.4 mi |
Augusta Lewis Troup School 259 Edgewood Avenue, New Haven, CT 06511 | K-6 | 1.4 mi |
Katherine Brennan/Clarence Rogers School 200 Wilmot Road, New Haven, CT 06515 | PK-6 | 1.8 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 246 Newhall St
Date
Details
Price
Change
Source
9/21/2026
Sold
$400,000
-6.98%
MLS
7/24/2026
Price Reduced
$430,000
-4.44%
MLS
6/25/2026
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
246 Newhall Street, New Haven, CT 06511 (MLS# 24186109) is a Multi-Family property that was sold at $400,000 on September 21, 2026. Want to learn more about 246 Newhall 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.

