538 Chapel St

Historic Wooster Square Four Family - Steps to the Park. Beautifully positioned just steps from Wooster Square Park, this circa1835 four family blends historic architecture with modern updates and excellent upside for both owner occupants and investors. Current rents are below market, offering significant potential for increased income. The property includes two tandem off-street parking spaces, separate utilities (shared on demand hot water heater), common laundry, and a deep backyard with both a storage shed and potting shed. The front three units feature great natural light, hardwood floors, vintage details, and strong cross ventilation. The renovated rear two level apartment offers mini-splits, radiant heated floors, a private deck, and bonus finished basement rooms with a full bath. Many mechanicals have been updated, including newer furnaces, mini-splits, and a newer hot water system. A prior layout combined the two first floor units into one large apartment, providing excellent flexibility for an owner occupant seeking expanded space. A rare opportunity in one of New Haven's most desirable neighborhoods, moments from Yale, downtown, and the city's best restaurants.