$740,000
$55K PRICE DROP

40 Shelton Ave New Haven, CT 06511

Newhallville Neighborhood

Estimated payment $4,781/month

Total Views 9,322
12 Beds
6 Baths
5,661 Sq Ft
$131 Price per Sq Ft

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

Javyn Roundtree

Javyn Roundtree Brokerage Phone: (475) 227-4312 License #REB.0795713 Listed on: 09/17/2025

Co-Listing Agent

Aharon Cowen

Javyn Roundtree 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,574

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Neighborhood: Newhallville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 5661
  • Total Sq Ft: 5661
  • Year Built: 1910
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Tenants will let you in
  • Street Type: Avenue
  • Office Attribution Contact: (475) 227-4312
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Basement Description: Full, Unfinished
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.07
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: RM2
  • Parcel #: 1253008

Multi Family

  • Total Number Of Units: 6

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 10574

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: James Hillhouse

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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

Source: SmartMLS

MLS Number: 24127390

SmartMLS
Connecticut New Haven County New Haven 06511 Newhallville

40 Shelton Ave, New Haven, CT

For Sale

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Javyn Roundtree
Listing Agent
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(475) 348-8953