98 Thompson Street
$465,000

98 Thompson Street

5 Beds 3 Baths 3,042 Sq.Ft. 5,227.2 Sq.Ft.

Description

Beautifully located in the heart of New Haven, 98 Thompson Street is a well-maintained three-family property offering a total of five bedrooms and three bathrooms across three levels. The first and second floors each feature spacious two-bedroom units with great natural light and functional layouts, while the third floor offers a well-kept one-bedroom unit-perfect for steady rental demand. The home has solid bones, a strong exterior presence, and has been cared for over the years, providing a reliable foundation for long-term ownership. This property sits in a highly convenient section of New Haven with easy access to local amenities, major employers, public transportation, Yale University, shopping, dining, and several neighborhood parks. The area continues to see consistent rental interest, making properties like this especially attractive for landlords seeking strong cash-flow assets. All units are currently rented and delivering immediate income, allowing the next owner to step directly into a fully functioning investment property with minimal effort. With a gross annual income of approximately $58,140, this multifamily offers excellent cash-flow potential in one of New Haven's most in-demand rental corridors. Whether you're expanding your portfolio or searching for a stable, income-producing opportunity, 98 Thompson Street is ready to perform for its next owner.

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Location

98 Thompson Street, New Haven, CT 06511

Status

Sold

Date Sold

February 6, 2026
Cris Saldana

Cris Saldana

Property Amenities

Interior
Total Bedrooms: 5
Full Bathrooms: 3
Area & Lot
Total area 3,042 Sq.Ft.
Lot Area 5,227.2 Sq.Ft.
Living area 3,042 Sq.Ft.
MLS® ID 24142771
Year Built 1900
High School James Hillhouse
Middle School Per Board of Ed
Elementary School Lincoln Bassett
Water Frontage Not Applicable
Architecture Styles Units on different Floors
Type Multi-Family
Status Sold
Exterior
Air conditioning None
Heat type Hot Air
Water Source Public Water Connected
Sewer Public Sewer Connected
Lot Features Level Lot
Roof Asphalt Shingle
Finance
Sales Price $465,000
Real Estate Tax $7,033 yearly

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The Ideal Team specializes in helping clients navigate the dynamic real estate market in the Connecticut region, providing expert guidance every step of the way.