$5,213

closing credit¹

617 Elm St New Haven, CT 06511

$439,000
5 beds
3 full
3,002 sqft
0.2 acres
$146 / sqft
Multi-Family

Property details

About 617 Elm St

Exceptional investment opportunity in a prime location! This spacious multi-family property features two 2-bedroom units and one 1-bedroom unit, making it perfect for investors or owner-occupants. The charming exterior includes a large front porch and second-floor deck, while inside you'll find beautiful wood floors, a cozy fireplace, and generously sized rooms. The 3-stall garage adds extra income potential, with two bays currently rented and one available. Off-street parking and a shared driveway provide added convenience for tenants. Each unit has separate utilities, including gas heating and stoves, making management straightforward and efficient. Ideally located within walking distance to downtown, schools, parks, and medical facilities, and just one block from shopping, this property offers unbeatable rental appeal. Recent comparable sales include 85 Beers St. ($470,000) and 47 Dickerman St. ($551,000), highlighting the value in this thriving neighborhood. With a sale price of $445,000 this gives a range of equity from $25,000-$81,000! Don't miss out on this income-producing asset with potential for added value!"

Highlights

Home typeMulti Family
HeatingHot Water, Radiant
StatusActive
Size3,002 sqft
BasementYes
Lot size0.18 Acres
Year built1900
ParkingDetached Garage
MLS #24040338
Garage3 spaces

Summary

  • MLS Number: 24040338
  • Office Name: Berkshire Hathaway NE Prop.
  • Office Phone: (860) 633-3674
  • Office Email: shygrahame@bhhsne.com
  • Listing Agent: Shy Grahame

IDXCopyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring cooling unit, covered porch, and a balcony

$439,000

617 Elm St

$5,213

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 12, 2016
Home Sold
$157,500

Tax history

YearAssessmentProperty Tax
2024$231,140$8,899
2023$231,140$8,598
2022$231,140$9,188
2021$145,250$6,374
2020$145,250$6,374
2019$145,250$6,243

History based on county public records data.

Nearby schools

5

Barack H. Obama Magnet University School

Public Magnet PK-4

1.2 mi

69 Farnham Ave

4

Lincoln - Bassett Community School

Public District PK-6

1.2 mi

130 Bassett St

6

Forest Elementary School

Public District KG-4

1.8 mi

95 Burwell Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $32,500. The most common annual income of people living in New Haven, CT is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

51%
<35k
36%
35k-100k
6%
100k-200k
7%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
37%
Single, with Kids
9%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
11%
12-17 yrs old
27%
18-34 yrs old
32%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NBA/WNBANBA/WNBA
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • BurlingtonBurlington
  • Express/Express For MenExpress/Express For Men
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • StarbucksStarbucks
  • White CastleWhite Castle

What do the neighbors drive?

  • DodgeDodge
  • PontiacPontiac
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • RockRock
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 617 Elm St in New Haven, CT and zip code 06511 in the Dwight neighborhood. This 3,002 square foot home, which was built in 1900, sits on a 0.18 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $439,000.

New Haven, CT housing market in January 2025 saw over 21 listings sold above listed price, more than 4 sold at listed price and over 23 sold below. The number of listings in New Haven, CT decreased by 1.8% between December and January 2025.

From Rocket Homes Real Estate and based on county public records data.

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