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$575,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
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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. 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.

Full Property Details for 122 Derby Ave

General

  • Price: $575,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24134193
  • Updated: 11/26/2025
  • Added to Site: 86 day(s) ago

Interior

  • Number of Rooms: 21

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 7

Exterior

  • Exterior Features: Porch-Enclosed, Porch

Parking

  • Total Spaces: 5
  • Parking: None, Off Street Parking

Location

  • County: New Haven
  • Driving Directions: GPS

School Information

  • Elementary School: Barnard
  • High School: Hill Regional

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Air, Natural Gas
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas, 40 Gallon Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors, Units are Side-by-Side
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt Shingle
  • Disability Access: Multiple Entries/Exits, Ramps
  • Square Feet: 3,434
  • Above Ground: 3,434 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 5

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.46
  • Zoning: Ba/Rm1
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $226,380
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1257422

Listed by Alpha Capital Realty, LLC, Zachary Pinto

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Listing agent

— 122 Derby Ave —

  • Zachary Pinto

    Alpha Capital Realty, LLC

Agent Contact: (203) 816-7926 Office Contact: (860) 507-3394

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 122 Derby Ave

School District:New Haven School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 Derby Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/18/2025
Price Reduced
$575,000
-4.01%
MLS
10/21/2025
Listed
$599,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 122 Derby Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,919
2%
$226,380
—
2023
$8,716
4%
$226,380
—
2023
$8,421
-6%
$226,380
—
2022
$8,999
-7%
$226,380
3%
2021
$9,642
—
$219,730
—
2020
$9,642
2%
$219,730
—
2019
$9,444
—
$219,730
—
2018
$9,444
11%
$219,730
—
2017
$8,499
4%
$219,730
12%
2016
$8,176
—
$196,770
—
2015
$8,176
—
$196,770
—
2014
$8,176
2%
$196,770
—
2011
$8,028
—
$196,770
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Alpha Capital Realty, LLC, Zachary Pinto

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122 Derby Avenue, New Haven, CT 06511 (MLS# 24134193) is a Multi-Family property with 5 units containing 7 bedrooms and 5 full bathrooms. 122 Derby Avenue is currently listed for $575,000 and was received on October 21, 2025. Want to learn more about 122 Derby Avenue? Do you have questions about finding other Multi-Family real estate for sale in New Haven? You can browse all New Haven real estate or contact a Coldwell Banker agent to request more information.

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