122 Derby Ave - Multi-Family FOR SALE


New Haven, CT 06511- West River
$599,000 USD
203-981-3744
122 Derby Ave, New Haven, CT for Sale
$599,000 USD
Multi-Family - FOR SALE
1/42
null | 9% Cap Rate

122 Derby Ave
New Haven, CT 06511
West River


HIGHLIGHTS

  • Recently Renovated
  • Vacant Units
  • Parking

OVERVIEW

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. Two units are currently leased and three 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, 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 DETAILS

PRICE

$599,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,800

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

122 Derby Avenue

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

BA

APN/PARCEL ID

NHVN-000339-000190-000600

ASK ABOUT THIS PROPERTY

Chris ChaparroAlpha Capital RealtyMore Info
203-981-3744

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Chris ChaparroAlpha Capital RealtyMore Info
203-981-3744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.