Description
Charming 2-Family Income Producer in the Heart of New Haven - Turnkey Cash Flow from Day One! Located in the heart of New Haven, this 2-unit multifamily property at 567 Sherman Parkway offers convenience and strong investment potential. Close to renowned schools and public facilities, it features a large 0.18-acre lot with a spacious backyard and open driveway that comfortably parks up to 7 cars off-street, providing rare privacy and convenience. Each unit includes 3 bedrooms plus a living room that could easily change into the 4th bedroom. Currently leased at $2,000 and $1,850 per month respectively, with tenants paying their own utilities, the property generates $3,850/month ($46,200 annually) - delivering high gross yield to the listing price. New owners enjoy immediate revenue from day one. The generous land adds significant value (estimated land contribution $80,000-$120,000+), while replacement construction costs for a similar building far exceed the listing price. In today's economy, this property serves as both an inflation-shielded investment and a low-maintenance business with limited personal involvement. Ideal for investors seeking reliable passive income or owner-occupants who want rental income to help cover the mortgage. Don't miss this unique opportunity with strong fundamentals and immediate cash flow! Schedule your showing today.
Details
| MLS # | 24171227 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 139 |
| Listing Provided By | Real Broker CT, LLC | Xiaoming Li |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,792 |
| Garage | 1 |
| Basement | Y |
| Units | 2 |
| Zoning | RM2 |
| Acreage | 0.18 |
Interior
| Total Rooms | 12 |
|---|---|
| Cooling System | Window Unit |
| Fireplaces Total | 2 |
| Laundry Room Info | Washer/Dryer All Units |
Exterior
| Roof Information | Asphalt Shingle |
|---|---|
| Foundation Type | Concrete |
Parking
| Garage & Parking | Under House Garage, Off Street Parking |
|---|---|
| Garages Number | 1 |
| Parking Total Spaces | 7 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 5349 |
Area Information
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06511 |
| Area | N | A |
| School District | Wexler/Grant |
| Elementary School | Wexler/Grant |
| High School | James Hillhouse |
| Listing VS Median (in 06511) | |
Price: $459,000 low | high Med: $2,575 sqft: 1,792 low | high Med: 1,685 $ / sqft: $256 low | high Med: $2 On site: 139 low | high Med: 11.5 | |
Market Activity 06511
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06511 |
| Area | N | A |
| School District | Wexler/Grant |
| Elementary School | Wexler/Grant |
| High School | James Hillhouse |
| Listing VS Median (in 06511) | |
Price: $459,000 low | high Med: $2,575 sqft: 1,792 low | high Med: 1,685 $ / sqft: $256 low | high Med: $2 On site: 139 low | high Med: 11.5 | |