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 Provided Courtesy of Zachary Pinto at Alpha Capital Realty, LLC
Property Details
Price:
$575,000
MLS #:
24134193
Status:
Active
Beds:
7
Baths:
5
Type:
Multi Family
Subtype:
5 Family+
Neighborhood:
na
Listed Date:
Oct 21, 2025
Finished Sq Ft:
3,434
Lot Size:
20,037 sqft / 0.46 acres (approx)
Year Built:
1900
See this Listing
Schools
Elementary School:
Barnard
High School:
Hill Regional
Interior
Exterior
Financial
Map
Community
- Address122 Derby New Haven CT
- NeighborhoodN/A
- CityNew Haven
- CountyNew Haven
- Zip Code06511
Subdivisions in New Haven
Market Summary
Current real estate data for Multi Family in New Haven as of Jan 02, 2026
117
Multi Family Listed
126
Avg DOM
183
Avg $ / SqFt
$566,073
Avg List Price
Property Summary
- 122 Derby New Haven CT is a Multi Family for sale in New Haven, CT, 06511. It is listed for $575,000 To schedule a showing of MLS#24134193 at 122 Derby in New Haven, CT, contact your Century 21 AllPoints Realty agent at (203) 802-7252.
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122 Derby
New Haven, CT