40 Shelton Ave New Haven, CT 06511
Newhallville NeighborhoodEstimated payment $4,486/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
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
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