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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
6/16/2025
|
|
YEAR BUILT
|
1900
|
COUNTY
|
New Haven
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Barnard |
| High School |
Hill Regional |
| AIR |
None |
| APPLIANCES |
Gas Water Heater |
| BASEMENT |
Full, Unfinished, Yes |
| CONSTRUCTION |
Concrete, Stone, Vinyl Siding |
| HEAT |
Baseboard, Forced Air, Hot Water, Natural Gas |
| LOT |
0.46 acre(s) |
| LOT DESCRIPTION |
Level |
| PARKING |
Off Street, None |
| SEWER |
Public Sewer |
| STYLE |
Units are Side-by-Side, Units on different Floors |
| TAXES |
8716 |
| WATER |
Public |
| ZONING |
BA |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ryan
Smith to contact you even if your name is on a Federal or State
"Do not call List".
Listing courtesy of Alpha Capital Realty, LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email