122 Derby Avenue

New Haven, CT 06511 Directions
$575,000
  • 7Bed
  • 5Baths
  • 3,434Sqft
  • 0.46Acres
  • 1900Built
  • $167Price/Sqft

Property Highlights

  • Style: Units on different Floors,Units are Side-by-Side
  • Days on Market: 107
  • MLS: 24134193
  • Elementary: Barnard

Property Highlights

  • Style: Units on different Floors,Units are Side-by-Side
  • Days on Market: 107
  • MLS: 24134193
  • Elementary: Barnard

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...

Property Highlights

  • Style: Units on different Floors,Units are Side-by-Side
  • Days on Market: 107
  • MLS: 24134193
  • Elementary: Barnard

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.

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.

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  • Additional Information
    • Acres: 0.46
    • Basement Description: Full, Unfinished
    • Garage: None, Off Street Parking
    • Handicap Features: Multiple Entries/Exits, Ramps
    • High School: Hill Regional
    • Is Occupied?: Vacant
    • Living Area SqFt: 3,434
    • Property Tax: $8,919
    • Sewer: Public Sewer Connected
    • Style: Units on different Floors, Units are Side-by-Side
    • Tax Amount: $8,919
    • Unit Count: 5
    • Year Built: 1900
    • Year Built Details: Public Records
    • Zoning: Ba/Rm1
  • Interior Features
    • Beds: 7
    • Full Baths: 5
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: Natural Gas, 40 Gallon Tank
    • Rooms: 21
    • Total Baths: 5
  • Exterior Features
    • Exterior Features: Porch-Enclosed,Porch
    • Exterior Siding: Vinyl Siding
    • Roof: Asphalt Shingle

Listing Courtesy of Zachary Pinto of Alpha Capital Realty, Llc.

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