538 Chapel Street

Historic Wooster Square FourFamily - Steps to the Park. Beautifully positioned just steps from Wooster Square Park, this circa1835 fourfamily blends historic architecture with modern updates and excellent upside for both owneroccupants and investors. Current rents are below market, offering significant potential for increased income. The property includes two tandem offstreet parking spaces, separate utilities (shared ondemand 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 crossventilation. The renovated rear twolevel apartment offers minisplits, radiantheated floors, a private deck, and bonus finished basement rooms with a full bath. Many mechanicals have been updated, including newer furnaces, minisplits, and a newer hot water system. A prior layout combined the two firstfloor units into one large apartment, providing excellent flexibility for an owneroccupant 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.