122 Derby
New Haven, CT, 06511
$599,000
7 Beds
5 Baths
3,434 SqFt
0.46 Acres
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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.
Listing courtesy of Christian Chaparro at Alpha Capital Realty, LLC

Property Details

Price:
$599,000
MLS #:
24111071
Status:
Active
Beds:
7
Baths:
5
Address:
122 Derby
Type:
Multi Family
Subtype:
5 Family+
Neighborhood:
na
City:
New Haven
Listed Date:
Jun 16, 2025
State:
CT
Finished Sq Ft:
3,434
ZIP:
06511
Lot Size:
20,037 sqft / 0.46 acres (approx)
Year Built:
1900
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Tom Vanacore

Tom Vanacore

Realtor®

Phone 203 802-7252

Tom Vanacore is a real estate professional who takes his business extremely seriously. His results speak for themselves, as he has a proven action-oriented plan to get your home sold quickly and for the best price possible.

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Schools

Elementary School:
Barnard
High School:
Hill Regional

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122 Derby
New Haven, CT