About 522 Elm Street
Renovated 9-Unit Multifamily | 7 of 9 Occupied | ~7.0% 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 7 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 7.0% 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.
Features of 522 Elm Street
| MLS® # | 24207540 |
|---|---|
| Price | $1,419,000 |
| Bedrooms | 8 |
| Bathrooms | 9.00 |
| Full Baths | 9 |
| Square Footage | 5,222 |
| Acres | 0.10 |
| Type | Multi-Family For Sale |
| Sub-Type | 5 Family+ |
| Style | 3updown - Unit(s) per Floor |
| Status | Active |
Community Information
| Address | 522 Elm Street |
|---|---|
| Area | N/A |
| City | New Haven |
| County | New Haven |
| State | Connecticut |
| Zip Code | 06511 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Paved, Off Street Parking |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Baseboard, Electric |
|---|---|
| Cooling | Window Unit |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Corner Lot, Level Lot |
| Roof | Other |
| Foundation | Concrete |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | September 16th, 2026 |
|---|---|
| Days on Market | 16 |
| Zoning | RM2 |
| RE / Bank Owned | No |
Listing Details
| Office | Puciato Altieri Realty Group |
|---|