Price Reduced 4.01%
Listing courtesy of Zachary Pinto (203) 816-7926, Alpha Capital Realty, LLC (860) 507-3394
Price History
$599,000
10/21/2025
$575,000
11/18/2025
122 Derby Avenue, New Haven, CT, 06511
21 rooms
7 beds
5 Full baths
1900
Units on different Floors, Units are Side-by-Side
3,434 sqft
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.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
Ba/Rm1
Garage:
Off Street Parking
Heating:
Hot Air
Cooling:
None
Basement:
Full, Unfinished
Parking:
5-car
Acreage:
0.46
Est. Taxes:
$8,919
Assessment
$226,380
Lot Description:
Level Lot
Elementary School:
Barnard
High School:
Hill Regional
Days on Market:
105
MLS #:
24134193
Community Info
School Info
Walk Score
Mass Transit
Yelp
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