$300,000

516 Elm Street, New Haven, CT 06511

  • 6 beds |
  • 3 baths |
  • 3,616 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 12 hours ago

Property Description

Investment opportunity regarding a fire damaged building being sold in "As-Is" condition. Under new zoning ordinances, there is potential for a four unit conversion with minimal relief needed. The property is ideally located within walking distance of Yale shops and restaurants. Redeveloping this property offers the opportunity to take advantage of property tax abatements and to appeal the existing value. The appeal period is currently open & closes this month.

Listing Status:
Active
Date Added:
February 13, 2026
Data Last Updated:
February 14, 2026 at 4:50AM
Listing Office:
Vanguard Private Client Grp : (203) 887-2553
Listing Agent:
Natalie Zoef : (860) 882-8784
MLS ID:
24154243
  • Basement: FullUnfinished
  • A/C: None
  • Heating: Hot AirNo Fuel
  • Fireplace: Fireplaces: 0
  • Style: Units on different Floors
  • Roofing: Asphalt Shingle
  • County: New Haven
  • Zoning: RM21255372
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Natalie Zoef , Vanguard Private Client Grp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Augusta Lewis Troup School

259 Edgewood Ave, New Haven, CT, 06511

Grades KG-8

0.20 miles away

A

Augusta Lewis Troup School

259 Edgewood Ave, New Haven, CT, 06511

Grades KG-8

0.20 miles away

H

Hill Regional Career High School

140 Legion Ave, New Haven, CT, 06519

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.