40 Shelton Ave

New Haven, CT 06511

$690,000
Price
12
Beds
5,661 Sq. Ft.
$122 / Sq. Ft.
5,661
Sq. Ft.
$122
per Sq. Ft.
Under Contract
Under Contract
a view of a car parked in front of a building
a view of a house with a garage
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with windows
an empty room with wooden floor and windows
an empty room with wooden floor and windows
an empty room with a window
a kitchen with granite countertop a refrigerator and a stove
a kitchen with a refrigerator sink stove and cabinets
an empty room with a window

Description

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...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

Property Details for 40 Shelton Avenue

Basement Description
Full, Unfinished
Direct Waterfront
No
Neighborhood
Newhallville
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 12/11/2025 05:43 PM

Property Details for 40 Shelton Avenue

StatusUnder Contract
MLS #24127390
Days on Market83
Taxes$10,574 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1910
Lot Size0.07 AC / 3,049 SF
CountyNew Haven County

Location

Listing Courtesy of Roundtree Realty LLC, Javyn Roundtree; Roundtree Realty LLC, Aharon Cowen
Add your commute

Building Information for 40 Shelton Avenue

Stories-Residences6Year Built1910Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$4,291 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,410

Property Taxes

$881

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Shelton Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Tenants will let you in
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: James Hillhouse
  • Intermediate School: Per Board of Ed
  • Latitude: 41.323602
  • Longitude: -72.934575
  • Middle Jr High School: Per Board of Ed
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $10,574
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 30
Room 5
  • Listing Key: 3F0433C690E25125E063E201100AABAA
Property
Property and Assessments
  • Color: Biege
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 5661
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1253008
  • Sq Ft Est Heated Above Grade: 5661.0
  • Sq Ft Total: 5661.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Natural Gas, 50 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 30
Unit 1
  • Lease: Monthly
  • Lease Expires: 02-28-2025
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $824
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 3
  • Lease: Leased
  • Lease Expires: 09-30-2025
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 09-30-2025
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $1,250
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 5
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 6
  • Lease: Leased
  • Lease Expires: 08-31-2025
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-17-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 40 Shelton Avenue

DateEvent & SourcePriceAppreciation
Oct 30, 2013

Closed (Public Record)

Public Record #374931975

$208,000

-6.3% / yr

Dec 29, 2010

Closed (Public Record)

Public Record #302987152

$250,000

+10224.0% / yr

Apr 24, 2008

Closed (Public Record)

Public Record #327151312

$1—
Mar 31, 2008

Closed (Public Record)

Public Record #235908068

$255,000

+41.5% / yr

Dec 1, 2000

Closed (Public Record)

Public Record #92381415

$20,000—
DateEvent & SourcePrice
10/30/2013

Closed (Public Record)

Public Record #374931975

$208,000

-6.3% / yr

12/29/2010

Closed (Public Record)

Public Record #302987152

$250,000

+10224.0% / yr

04/24/2008

Closed (Public Record)

Public Record #327151312

$1
03/31/2008

Closed (Public Record)

Public Record #235908068

$255,000

+41.5% / yr

12/01/2000

Closed (Public Record)

Public Record #92381415

$20,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Shelton Avenue

Taxable ValueLand$32,270Additions$236,110Total$268,380
Tax Record2024$10,574 ($881 / month)
Home Facts
Baths6Total Finished SqFt5,661 SqFtAbove Grade Finished SqFt5,661 SqFtUnfinished Basement SqFt1,887 SqFtStories3Lot Size2,940 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM2CountyNEW HAVENAPNNHVN M:292 B:0391 L:01500

Schools near 40 Shelton Avenue

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
King/Robinson Magnet School
Public - PK to 8
Hyde Leadership School
Public - 9 to 12
Benjamin Jepson Magnet School
Public - PK to 8
Sound School
Public - 9 to 12
Rating
School
Distance
King/Robinson Magnet School
PublicPK to 8

Hyde Leadership School
Public9 to 12

Benjamin Jepson Magnet School
PublicPK to 8

Sound School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Roundtree Realty LLC, Javyn Roundtree; Roundtree Realty LLC, Aharon Cowen

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.