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!
For sale
Price cut: $26K (6/16)
$599,000
122 Derby Avenue, New Haven, CT 06511
7beds
3,434sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$174/sqft
$-- HOA
What's special
Full unfinished basement
- 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#: 24111071

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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