262 Sherman Ave New Haven, CT 06511

Grand 4,600 sq ft Victorian with Incredible Upside A rare opportunity to complete and customize a truly magnificent Victorian offering approximately 4,600 square feet of living space. The first floor (approx. 1,700 sq ft) features inlaid hardwood floors, a classic fireplace, an updated kitchen and bathroom, and two well-proportioned bedrooms-perfect for immediate use or income while completing the upper levels. Easily convertible to a three bedroom. The second and third floors are fully gutted and partially framed, providing a blank canvas for a buyer with vision. Whether restoring the home's original grandeur or reimagining it for modern living, the heavy lifting has begun and the possibilities are substantial. The property is a legal four-family, and the current owner previously obtained (now expired) permits to convert it to a five-unit property, offering strong future potential for expansion (buyer to perform due diligence). The seller simply doesn't have the bandwidth to take this project on for the next several years and is looking to pass it along to someone ready to bring it across the finish line. Centrally located and convenient to downtown and the Edgewood area, this is an exceptional chance to create a standout investment or showcase residence. With vision and execution, this property could be truly spectacular. SHOWINGS START 1/31/2026