32 Lamberton Street, New Haven, CT 06519 (MLS # 24140844)

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PRICE $515,000 BEDS 6 BATHS 3 HOME SIZE 3,021 sqft LOT SIZE 4,792 sqft

Welcome to 32 Lamberton Street, a fully renovated, fully vacant three-family offering strong income potential in one of New Haven's most accessible neighborhoods. Each unit spans an entire floor, providing efficient layouts, generous room sizes, brand new windows, floors, kitchens & bathrooms, and great rental demand; an attractive setup for investors seeking stable, long-term performance. There is also a full unfinished basement with interior access, offering over 1,000 sq ft of additional space that may be eligible for conversion into a 4th unit through New Haven's ADU program (buyer to perform due diligence). The building is serviced by separate natural gas utilities, giving both owners and tenants straightforward control of usage and expenses. This property is also a practical option for owner-occupants who want to live on one floor while offsetting monthly housing costs with rental income from the other units. Location further strengthens the investment profile. The property sits just 0.6 miles (approximately a 3-minute drive) from Union Station, with convenient access to transportation, employment centers, public transit, and everyday amenities. Its proximity to local schools, Yale Hospital, and downtown adds long-term value for both residents and investors.