40 Shelton Ave New Haven, CT 06511
Newhallville NeighborhoodEstimated payment $4,465/month
Highlights
- Hot Water Circulator
- Hot Water Heating System
- Level Lot
About This Home
Welcome to 40 Shelton Avenue, a well-maintained 6-unit multi-family property located in the Newhallville neighborhood of New Haven. Each unit offers 2 spacious bedrooms, making this an attractive option for long-term tenants and steady rental demand. Currently, two units are empty, giving a new owner the opportunity to fill them quickly and start off strong in the market with fresh tenants while benefiting from the stability of the existing occupied units. With solid construction, vinyl siding, and a full basement, this property offers both durability and functionality. Situated close to downtown New Haven, Yale University, Southern Connecticut State University, and major highways, this location ensures consistent rental interest from professionals and families alike. This is an excellent investment opportunity for those looking to add strong cash flow and growth potential to their portfolio. *More pictures coming soon*
Listing Agent
Roundtree Realty LLC Brokerage Phone: (475) 227-4312 License #REB.0795713 Listed on: 09/17/2025
Co-Listing Agent
Roundtree Realty LLC Brokerage Phone: (475) 227-4312 License #RES.0832571
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,574
Year Built
- Built in 1910
Lot Details
- 3,049 Sq Ft Lot
- Level Lot
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 5,661 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Schools
- James Hillhouse High School
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Hot Water Circulator
- Fuel Tank Located in Basement
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 1253008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,574 | $268,380 | $32,270 | $236,110 |
| 2024 | $10,333 | $268,380 | $32,270 | $236,110 |
| 2023 | $9,984 | $268,380 | $32,270 | $236,110 |
| 2022 | $10,668 | $268,380 | $32,270 | $236,110 |
| 2021 | $10,164 | $231,630 | $25,830 | $205,800 |
| 2020 | $10,164 | $231,630 | $25,830 | $205,800 |
| 2019 | $9,955 | $231,630 | $25,830 | $205,800 |
| 2018 | $9,955 | $231,630 | $25,830 | $205,800 |
| 2017 | $8,959 | $231,630 | $25,830 | $205,800 |
| 2016 | $7,231 | $174,020 | $11,550 | $162,470 |
| 2015 | $7,231 | $174,020 | $11,550 | $162,470 |
| 2014 | $7,231 | $174,020 | $11,550 | $162,470 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2025 12/11/25 | Pending | -- | -- | -- | |
| 11/17/2025 11/17/25 | Price Changed | $690,000 | -6.8% | $122 / Sq Ft | |
| 10/30/2025 10/30/25 | Price Changed | $740,000 | -3.3% | $131 / Sq Ft | |
| 10/17/2025 10/17/25 | Price Changed | $765,000 | -3.8% | $135 / Sq Ft | |
| 09/17/2025 09/17/25 | For Sale | $795,000 | +64.8% | $140 / Sq Ft | |
| 12/03/2021 12/03/21 | Sold | $482,500 | -8.1% | $85 / Sq Ft | View Prior Sale |
| 10/23/2021 10/23/21 | Pending | -- | -- | -- | |
| 08/17/2021 08/17/21 | For Sale | $525,000 | -- | $93 / Sq Ft |
Source: SmartMLS
MLS Number: 24127390
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 431 Dixwell Ave
- 449 Dixwell Ave
- 563 Sherman Pkwy
- 293 Division St
- 182 Henry St Unit 182
- 40 Harding Place
- 80 Henry St
- 269 Dixwell Ave
- 265 Dixwell Ave
- 38 Townsend St
- 254 Starr St
- 143 County St
- 666 Orchard St
- 123 Carmel St
- 248 W Ivy St
- 201 Ivy St
- 35 Tilton St
- 241 W Ivy St
- 622 Winchester Ave
- 126 Sheffield Ave