225 Fulton Terrace
2-Family | East Shore
Marketing description
Introducing a well-kept 2-family property located in New Haven's sought-after East Shore neighborhood. Built in 1910, this 2,080 SF investment features two identical units, each with 2 bedrooms, 1 bathroom, an eat-in kitchen, and comfortable living spaces with natural light throughout.
Unit 1 is currently leased at $1,650/month, while Unit 2 is vacant and ready for a new tenant at $1,600/month — offering an immediate value-add opportunity. The property features separate utilities, reducing owner expenses, along with off-street parking and a backyard area that tenants will love.
Conveniently situated near East Shore Park, local schools (Ross/Woodward Elementary), public transportation, and just minutes from downtown New Haven and I-95/I-91. Annual taxes of $4,884 and zoning IH make this a compelling addition to any portfolio. Perfect for owner-occupants looking to have a tenant offset their mortgage, or investors seeking steady cash flow in a desirable and accessible New Haven neighborhood.
Investment highlights
- 2-Family Investment Property in New Haven's Desirable East Shore Neighborhood
- 2 Units | 2 Beds / 1 Bath Each | 2,080 SF Total
- Current Gross Income: $3,250/mo | Unit 1 Leased at $1,650 | Unit 2 Vacant at $1,600 (Upside)
- Separate Utilities – Minimizes Landlord Expenses
- Off-Street Parking & Backyard – Added Tenant Appeal
- Annual Property Taxes: $4,884 | Zoning: IH
- Year Built: 1910 | Lot: 0.09 Acres | Partial Unfinished Basement
- Minutes from Downtown New Haven, Major Highways, Parks, Schools & Public Transit
- Ideal for Owner-Occupants or Pure Investors | Asking: $399,900
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