$599,000

122 Derby Avenue, New Haven, CT 06511

7 beds |
5 baths |
3,434 sqft

Multi-Family Home
Built in 1900
0.46acre lot
—— car garage
$174/sqft
Listed 19 days ago

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.

Listing Status:: Active
Date Added:: October 21, 2025 at 01:41PM
Listing Office:: Alpha Capital Realty, LLC : (860) 507-3394
Listing Agent:: Zachary Pinto : (203) 816-7926
MLS ID:: 24134193

Basement: FullUnfinished
A/C: None
Heating: Hot AirNatural Gas
Fireplace: Fireplaces: 0

General: Porch-EnclosedPorch
Style: Units on different FloorsUnits are Side-by-Side
Parking: Parking spaces: 5

Roofing: Asphalt Shingle

County: New Haven

Zoning: Ba/Rm11257422

Water: Public Water Connected
Sewer: Public Sewer Connected

This listing courtesy of Zachary Pinto, Alpha Capital Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Barnard Environmental Studies School

170 Derby Ave, New Haven, CT, 06511

Grades PK-8

0.12 miles away

Barnard Environmental Studies School

170 Derby Ave, New Haven, CT, 06511

Grades PK-8

0.12 miles away

Hill Regional Career High School

140 Legion Ave, New Haven, CT, 06519

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.