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Property 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.
Features
Heating System:
Hot Air, Hot Water
Cooling System:
Window Unit
Basement:
Full
Foundation Type:
Concrete
Heat Fuel Type:
Natural Gas
Exterior Siding:
Vinyl Siding
Handicap Features:
Multiple Entries/exits
Fireplaces Total:
2
Parking Total Spaces:
7
Hot Water Description:
Natural Gas, 40 Gallon Tank
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Sherman
Street Number:
567
Floor Number:
0
Longitude:
W73° 3′ 48.4”
Latitude:
N41° 19′ 29.6”
MLS Addon
Office Name:
Real Broker CT, LLC
Agent Name:
Xiaoming Li
List Agent MLSID:
853290
List Office MLSID:
RLBR01
Tax Year:
July 2025-June 2026
Directions:
GPS friendly
Elementary School:
Wexler/Grant
High School:
James Hillhouse
HOA Fee Amount:
$0
Parcel Number:
1252935
Property Tax:
$5,153
Zoning:
RM2

Multi-family For Sale

567 Sherman, New Haven, 06511

6 Bedrooms
2 Bathrooms
1,792 Sqft
$480,000
Listing ID #24171227
Basic Details
Property Type :
Multi-family For Sale
Listing Type :
For Sale
Listing ID :
24171227
Price :
$480,000
Bedrooms :
6
Baths Total :
2
Bathrooms :
2
Half Bathrooms :
0
Square Footage :
1,792 Sqft
Year Built :
1940
Lot Area :
0.18 Acre
City:
New Haven
Zipcode:
06511
Property Sub Type :
2 Family
Style :
Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…