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For Sale

122 Derby Avenue

122 Derby Avenue, New Haven, CT 06511

$599,000

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.

7
beds

5
baths

3,434 Sq.Ft. LIVING AREA

0.46 Acres lot

Zachary Pinto

title Real Estate Agent
PHONE (203) 816-7926
EMAIL [email protected]
DRE # RES.0827718

Features & Amenities

Interior

total bedrooms7
Total bathrooms5
full bathrooms5
APPLIANCES Gas Water Heater

Area & Lot

Status For Sale
Living Area3,434 Sq.Ft.
Total Area3,434 Sq.Ft.
Lot Area0.46 Acres
MLS® ID24134193
TypeMulti-Family
YEAR BUILT1900
Architecture StylesUnits on different Floors, Units are Side-by-Side
Elementary SchoolBarnard
High SchoolHill Regional

Exterior

water SourcePublic
roofAsphalt
lot featuresLevel
parkingOff Street, None
HEAT TYPENatural Gas, Forced Air
AIR CONDITIONINGNone
sewerPublic Sewer
SubstructureBrick/Mortar, Concrete Perimeter
Disability FeaturesAccessible Entrance

Financial

Sales Price$599,000
Real Estate Tax $8,919/yr
Zoning Ba/Rm1

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