About 246 Newhall Street
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.
Features of 246 Newhall Street
| MLS® # | 24186109 |
|---|---|
| Price | $430,000 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,817 |
| Acres | 0.06 |
| Type | Multi-Family For Sale |
| Sub-Type | 3 Family |
| Style | Other |
| Status | Under Contract |
Community Information
| Address | 246 Newhall Street |
|---|---|
| Area | N/A |
| City | New Haven |
| County | New Haven |
| State | Connecticut |
| Zip Code | 06511 |
Amenities
| Is Waterfront | No |
|---|---|
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Gas on Gas |
|---|---|
| Cooling | Window Unit |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | Level Lot |
| Roof | Asphalt Shingle |
| Foundation | Concrete |
School Information
| Elementary | Per Board of Ed |
|---|---|
| Middle | Per Board of Ed |
| High | Per Board of Ed |
Additional Information
| Date Listed | June 25th, 2026 |
|---|---|
| Days on Market | 44 |
| Zoning | RM2 |
| RE / Bank Owned | No |
Listing Details
| Office | Smart Realty Services Corp |
|---|