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$469,000
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Property Description
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.
Full Property Details
Full Property Details for MLS# 24171227
General
- Price: $469,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24171227
- Updated: 5/15/2026
- Added to Site: 47 day(s) ago
Interior
- Number of Rooms: 12
- Fireplace: Yes
- Number of Fireplaces: 2
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Washer/Dryer All Units
Exterior
- Color: light gray
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 7
- Parking: Under House Garage, Off Street Parking
Location
- County: New Haven
- Driving Directions: GPS friendly
School Information
- Elementary School: Wexler/Grant
- High School: James Hillhouse
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Hot Air, Hot Water, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, 40 Gallon Tank
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.: Full
- Roof: Asphalt Shingle
- Attic: Yes
- Disability Access: Multiple Entries/Exits
- Square Feet: 1,792
- Above Ground: 1,792 Sq. Ft.
- Year Built: 1940
Unit Information
Unit 1
- Square Feet: 896
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Square Feet: 896
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.18
- Zoning: RM2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $133,840
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 1252935
Listed by Real Broker CT, LLC, Xiaoming Li
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Schools
Schools serving MLS# 24171227
School District:New Haven School District
| Name | Grades | Distance |
|---|---|---|
King/Robinson Magnet School 150 Fournier Street, New Haven, CT 06511 | PK-8 | 0.7 mi |
James Hillhouse High School 480 Sherman Parkway, New Haven, CT 06511 | 9-12 | 0.2 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 MLS# 24171227
Date
Details
Price
Change
Source
5/15/2026
Price Reduced
$469,000
-2.29%
MLS
5/10/2026
Price Reduced
$480,000
-1.03%
MLS
4/29/2026
Listed
$485,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 24171227
MLS# 24171227, New Haven, CT 06511 (MLS# 24171227) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. MLS# 24171227 is currently listed for $469,000 and was received on April 29, 2026. Want to learn more about MLS# 24171227? 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.

