122 Derby Avenue, New Haven, CT 06511

Local realty services provided by:ERA Key Realty Services
122 Derby Avenue,New Haven, CT 06511
$599,000
  • 7 Beds
  • 5 Baths
  • 3,434 sq. ft.
  • Multi-family
  • Active
Listed by: zachary pinto
Office: alpha capital realty, llc
MLS#:24134193
Source:CT

Price summary

  • Price:$599,000
  • Price per sq. ft.:$174.43

About this home

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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Home facts

  • Year built:1900
  • Listing ID #:24134193
  • Added:151 day(s) ago
  • Updated:November 15, 2025 at 12:31 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:3,434 sq. ft.

Heating and cooling

  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1900
  • Building area:3,434 sq. ft.
  • Lot area:0.46 Acres

Schools

  • High school:Hill Regional
  • Elementary school:Barnard

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$174.43
  • Tax amount:$8,919 (July 2025-June 2026)
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