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Property Description
Discover 122 Derby Avenue, a classic five-unit multi-family in New Haven’s West River neighborhood. The unit mix includes two 2-bedrooms, two 1-bedrooms, and one large studio-ideal for a range of tenant types. Once fully leased, the building is projected to operate at a conservative 9 cap. One unit is currently leased and four are empty, making it a great opportunity for investors or owner-occupiers looking to generate strong rental income. The property includes a full unfinished basement with room for updates or value-add improvements. Seller will find tenants to occupy units prior to closing to help with financials. Just minutes from Yale University and within close proximity to Southern Connecticut State, downtown New Haven, and major highways – the location offers high rental demand and strong tenant appeal.
Features
Heating System:
Hot Air
Cooling System:
No
Basement:
Full, Unfinished
Foundation Type:
Concrete, Brick
Heat Fuel Type:
Natural Gas
Exterior Features:
Porch, Porch-enclosed
Exterior Siding:
Vinyl Siding
Handicap Features:
Ramps, Multiple Entries/exits
Fireplaces Total:
0
Parking Total Spaces:
5
Hot Water Description:
Natural Gas, 40 Gallon Tank
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Derby
Street Number:
122
Floor Number:
0
Longitude:
W73° 2′ 59”
Latitude:
N41° 18′ 37.7”
MLS Addon
Office Name:
Alpha Capital Realty, LLC
Agent Name:
Zachary Pinto
List Agent MLSID:
850634
List Office MLSID:
13577
Tax Year:
July 2025-June 2026
Directions:
GPS
Elementary School:
Barnard
High School:
Hill Regional
HOA Fee Amount:
$0
Parcel Number:
1257422
Property Tax:
$8,919
Zoning:
Ba/Rm1

Multi-family For Sale

122 Derby, New Haven, 06511

7 Bedrooms
5 Bathrooms
3,434 Sqft
$575,000
Listing ID #24134193
Basic Details
Property Type :
Multi-family For Sale
Listing Type :
For Sale
Listing ID :
24134193
Price :
$575,000
Bedrooms :
7
Baths Total :
5
Bathrooms :
5
Half Bathrooms :
0
Square Footage :
3,434 Sqft
Year Built :
1900
Lot Area :
0.46 Acre
City:
New Haven
Zipcode:
06511
Property Sub Type :
5 Family+
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…