3D tour
$1,419,000
8 bd · 9 ba · 5,222 sqft · 4,356 sqft lot
522 Elm St, New Haven, CT 06511
Multi-family · Built 1900 · $272/sqft ·
$9,097/mo est. payment
Flood factor 1/10
About this home
Renovated 9-Unit Multifamily | 8 of 9 Occupied | ~7.63% Stabilized Cap | ~9.0% Pro Forma Cap | Near Yale New Haven Hospital 522 Elm Street offers an opportunity to acquire a newly renovated 9-unit multifamily property on a corner lot near Yale New Haven Hospital and downtown New Haven. Featuring 2 studios, 6 one-bedroom units, and 1 two-bedroom unit, the property is currently 8 of 9 occupied with immediate lease-up potential. Extensively renovated units feature hardwood flooring, bright layouts, updated kitchens with quartz countertops, modern cabinetry, and stainless steel appliances. Electric heat, natural gas hot water, and gas cooking. Tenants pay individual gas and electric; landlord pays water/sewer and common electric. Additional income potential through installation of coin-operated laundry in the basement. Conveniently located near Yale New Haven Hospital, Yale University, downtown, and the major Adams Neurosciences Center expansion at the Saint Raphael Campus. Strong rental income with significant upside! Approximately 7.63% stabilized cap based on projected lease-up and a potential 9.0% pro forma cap upon achieving projected market rents. Buyer to verify all income, expenses, and projections.
Facts and features
Bedrooms
- Bedrooms: 8
Other Rooms
- Total Rooms: 35
- Basement Features: Full, Unfinished
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 9
Heating and Cooling
- Cooling Features: Window Unit
- Heating Features: Baseboard
- Heating Fuel: Electric
- Number of Fireplaces: 0
- Water Heaters: Natural Gas, 40 Gallon Tank
Land Info
- Lot Description: Corner Lot, Level Lot
- Lot Size Acres: 0.1
- Lot Size Source: Public Records
- Lot Size Square Feet: 4356
Garage and Parking
- Garage Description: Paved, Off Street Parking
- Parking Total: 4
Amenities and Community Features
- Basketball court
- Medical facilities
- Park
- Public transportation
- Walk to bus lines
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Schools
- 2
Augusta Lewis Troup School
elementary · K-8 · 0.2 mi
- 5
Amistad Academy
elementary · K-12 · 0.2 mi
Yeshiva of New Haven/the Gan School
elementary · 0.5 mi
- 7
Wexler/Grant Community School
elementary · K-8 · 0.5 mi
- 2
Hill Regional Career High School
high · 9-12 · 0.5 mi
Yeshiva Gedolah Rabbinical Inst
high · 9-11 · 0.5 mi
Price history
- Sep 16, 2026 · Listed$1,419,000
- Jul 24, 2026 · Listing Removed—
- Jun 22, 2026 · Price Changed$1,485,000
- May 27, 2026 · Price Changed$1,599,000
- May 1, 2026 · Price Changed$1,649,000
- Mar 30, 2026 · Listed$1,679,000
- Mar 21, 2025 · Sold$1,078,000
- Aug 31, 2024 · Listed$1,150,000
Tax history
- 2026$22,611 tax · $565,810 assessed
- 2023$21,048 tax · $565,810 assessed
- 2022$22,491 tax · $565,810 assessed
- 2021$13,509 tax · $307,860 assessed
- 2020$13,509 tax · $307,860 assessed
- 2019$13,232 tax · $307,860 assessed
- 2018$13,232 tax · $307,860 assessed
- 2017$11,908 tax · $307,860 assessed
Where it is
Listed by Jeffrey Puciato · Puciato Altieri Realty Group · SMARTMLS
