26
See all 26 photos
$599,000
Est. payment /mo
7 Beds
5 Baths
3,434 SqFt
New
122 Derby Avenue New Haven, CT 06511
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 3,434 sqft
Price per Sqft $174
MLS Listing ID 24134193
Style Units on different Floors,Units are Side-by-Side
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $8,919
Lot Size 0.460 Acres
Property Sub-Type 5 Family+
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.
Location
State CT
County New Haven
Zoning Ba/Rm1
Rooms
Basement Full, Unfinished
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Porch-Enclosed, Porch
Parking Features None, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Barnard
High Schools Hill Regional
Listed by Zachary Pinto • Alpha Capital Realty, LLC