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For sale
  • Price cut: $26K (6/16)
    $599,000

    122 Derby Avenue, New Haven, CT 06511

    7beds
    3,434sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $174/sqft
    $-- HOA

    What's special

    Full unfinished basement
    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. 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. 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. Once fully leased, the building is projected to operate at a conservative 9% cap. Schedule your showing today!
    29 days
    on Zillow
    |
    417
    |
    31
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 08, 2025 at 07:14am

    Listed by:

    Christian Chaparro,

    Alpha Capital Realty, LLC

    Source: Smart MLS,MLS#: 24111071MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 122 Derby Avenue.

    Next available tour time:Today at 3pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Baseboard, Forced Air, Radiator, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Water Heater
    Features
    • Basement: Full,Unfinished
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 3,434
    • Total interior livable area: 3,434 sqft
    • Finished area above ground: 3,434

    Property

    Parking
    • Total spaces: 5
    • Parking features: None, Off Street
    Accessibility
    • Accessibility features: Multiple Entries/Exits, Accessible Approach with Ramp
    Features
    • Patio & porch: Enclosed, Porch
    Lot
    • Size: 0.46 Acres
    • Features: Level
    Details
    • Parcel number: 1257422
    • Zoning: BA

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: New Haven

    Financial & listing details

    • Price per square foot: $174/sqft
    • Tax assessed value: $226,380
    • Annual tax amount: $8,919
    • Date on market: 7/11/2025
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