621 Elm Street New Haven

Versatile Multifamily Investment: 3-Unit Asset at 621 Elm Street, New Haven, CT

An outstanding opportunity for both value-add investors and owner-occupants, 621 Elm Street is a spacious 3-unit multifamily home located in the desirable Dwight neighborhood of New Haven. Listed at $465,000, this 3,320-square-foot property offers a strategic blend of immediate rental income potential, vacant units ready for market-rate leasing, and strong geographic positioning near major academic and cultural anchors.

Key Listing & Property Overview

• Address: 621 Elm Street, New Haven, CT 06511 (New Haven County)

• List Price: $465,000 USD

• Status: Pending

• Property Type: Multifamily (3-Up/Down, 1 Unit per Floor)

• Building Size: 3,320 Sq. Ft.

• Lot Size: 6,534 Sq. Ft. (0.15 Acres, Level Lot)

• Total Bedrooms / Bathrooms: 6 Beds | 3 Full Baths

• Year Built: 1918

• Annual Taxes: $7,810 (2024)

• MLS ID: 170576043

Unit Layout & Flexible Income Potential

The building’s multi-story, 3-up/down layout features three symmetrical 2-bedroom, 1-bathroom apartments, maximizing living space and tenant appeal:

• Unit 1: 2 Bedrooms / 1 Bathroom — Currently occupied on a month-to-month (M2M) lease generating $1,100/month.

• Unit 2: 2 Bedrooms / 1 Bathroom — Vacant and ready for immediate tenant placement at current market rents.

• Unit 3: 2 Bedrooms / 1 Bathroom — Vacant and ready for immediate occupancy or cosmetic customization.

Financial Efficiency: The asset carries zero tenant arrears, and all units feature tenant-paid utilities, minimizing operational expenses for ownership.

Structural & Exterior Features

• Parking: Off-street private driveway parking providing crucial urban vehicle storage.

• Construction & Mechanicals: Vinyl siding exterior, asphalt shingle roof, solid concrete foundation, hot air heating system, and a full basement for operational storage.

• Utilities: Natural gas and oil fuel options, with connected public sewer service in the street.

Prime Dwight Neighborhood Location

Situated in historic Dwight—home to the Dwight Street Historic District, Yale’s Pierson College, and a vibrant corridor of local cafes, shops, and public transit—this property commands high rental demand from graduate students, university healthcare staff, and local professionals.

Listing Agent Information

• Listing Brokers: Lisa Cozzi & Maddy Ceruti (Century 21 Allpoints Realty)

• MLS Source: SMART MLS