122 Derby Ave - Apartments FOR SALE


New Haven, CT 06511- West River
$599,000 USD
203-816-7926
122 Derby Ave, New Haven, CT for Sale
$599,000 USD
Apartments - FOR SALE
1/40
null | 9.81% Cap Rate

122 Derby Ave
New Haven, CT 06511
West River


HIGHLIGHTS

  • Prime Location
  • Lots of Natural Light
  • Large Lot with Ample Parking

OVERVIEW

Exceptional investment opportunity featuring a diverse unit mix of two 2-bedrooms, two 1-bedrooms, and one large studio—ideal for attracting a wide range of tenants. Once fully leased, the property is projected to deliver a conservative 9% cap rate. Currently, one unit is occupied and four are vacant, offering immediate upside for investors or owner-occupants seeking strong cash flow potential. The seller is open to delivering the property fully leased, allowing buyers to step into a stabilized 9% cap on day one. Additional highlights include ample parking and a full unfinished basement offering room for future upgrades or value-add enhancements.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,800

CAP RATE

9.81%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

BA

APN/PARCEL ID

NHVN-000339-000190-000600

ASK ABOUT THIS PROPERTY

Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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