Multi-Family Investment Opportunity in Newhallville - Near Albertus Magnus College! This fully occupied two-family property offers strong potential in a growing rental market. The first-floor unit features 2 bedrooms and 1 bathroom, currently rented for $1,000/month. The second-floor unit includes 4 bedrooms and 1 bathroom, with a monthly rent of $1,200. Both tenants are long-term and month-to-month, presenting an excellent chance for rental income growth-rents are likely below market value. The property is conveniently located close to schools and public transportation. Whether you're a seasoned investor or just getting started, this is a great opportunity to capitalize on an up-and-coming neighborhood and a competitive rental market. Bring your vision and unlock the property's full potential! Sold as-is. May not qualify for FHA or VA financing.
Under contract
$289,900
151 Read Street, New Haven, CT 06511
6beds
2,735sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$295,400 Zestimate®
$106/sqft
$-- HOA
What's special
- 16 days
- on Zillow |
- 1,527 |
- 76 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: 15 hours ago
Listed by:
Samary Agosto-Polnett,
Lamacchia Realty
Source: Smart MLS,MLS#: 24100744

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: In Unit
Features
- Basement: Full,Shared Basement,Storage Space,Hatchway Access,Interior Entry,Concrete
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,735
- Total interior livable area: 2,735 sqft
- Finished area above ground: 2,735
Property
Parking
- Total spaces: 4
- Parking features: None, Off Street
Features
- Exterior features: Sidewalk, Awning(s), Garden
Lot
- Size: 4,356 Square Feet
- Features: Level
Details
- Parcel number: 1252535
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Other
- Foundation: Brick/Mortar, Masonry
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Newhallville
HOA
- Has HOA: No
Location
- Region: New Haven
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $152,110
- Annual tax amount: $5,856
- Date on market: 6/3/2025
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