244 Sherman Avenue,New Haven, CT 06518
New Haven, CT 06518
Description
Exceptional value-add opportunity in the heart of New Haven's desirable Edgewood neighborhood! This unique multi-family property offers an exciting opportunity for investors, developers, and visionaries looking to unlock its full potential. Currently configured as a 2-family with 6 bedrooms and 6 full bathrooms, the property also comes with zoning-approved plans to convert it into a 5-family residence, creating a rare opportunity to significantly increase its income-producing potential. With generous square footage and a flexible layout, this property provides a strong foundation for a transformative renovation. Whether you're an experienced investor or looking for your next development project, the possibilities are substantial. Bring your contractor, your vision, and the right team to reimagine this property into a standout asset in one of New Haven's most established neighborhoods. Located in the sought-after Edgewood neighborhood, you'll enjoy convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways, making this an attractive location for future tenants. While the property requires significant renovation and is being offered as an opportunity for someone ready to add value, the approved conversion plans and prime location make it a truly compelling investment. Don't miss your chance to bring new life to a property with exceptional upside and long-term potential.
Details
| MLS # | 24189456 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 83 |
| Listing Provided By | Roundtree Realty LLC | Javyn Roundtree |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 4,090 |
| Basement | Y |
| Units | 6 |
| Zoning | RM2 |
| Acreage | 0.09 |
Interior
| Total Rooms | 11 |
|---|---|
| Cooling System | None |
| Fireplaces Total | 0 |
Exterior
| Roof Information | Asphalt Shingle |
|---|---|
| Foundation Type | Concrete |
Parking
| Garages Number | 0 |
|---|
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 13408 |
Area Information
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06518 |
| Area | N | A |
| School District | Edgewood |
| Elementary School | Edgewood |
| High School | James Hillhouse |
| Listing VS Median (in 06518) | |
Price: $499,900 low | high Med: $368,950 sqft: 4,090 low | high Med: 1,414 $ / sqft: $122 low | high Med: $261 On site: 83 low | high Med: 83 | |
Market Activity 06518
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06518 |
| Area | N | A |
| School District | Edgewood |
| Elementary School | Edgewood |
| High School | James Hillhouse |
| Listing VS Median (in 06518) | |
Price: $499,900 low | high Med: $368,950 sqft: 4,090 low | high Med: 1,414 $ / sqft: $122 low | high Med: $261 On site: 83 low | high Med: 83 | |