7
Beds
5
Baths
3,402
Sq Ft
5,227
Sq Ft Lot
Highlights
- Finished Attic
- Ceiling Fan
- 3-minute walk to Derby Green
- Attic
- Baseboard Heating
About This Home
As of April 2025Introducing a rare 4-unit building with a day one, Current Gross Rents $6800/mo yielding 9% cap rate with easy updside to 11%. This property featuring three residential units and one office space, plus two detached garages for additional rental income. Located in the heart of Derby's redevelopment zone, this property benefits from city grants and development incentives and possible 5th unit expansion(Buyers to do their own due diligence), making it an excellent opportunity for investors and developers alike. Surrounded by new luxury buildings, restaurants, and retail spaces, this property is positioned in an area experiencing significant growth. With a strong rental history, this downtown location offers high visibility and easy access to major highways, public transportation, and local amenities. Whether you're looking for a high-yield investment or a chance to be part of Derby's revitalization, this property features strong income potential today with even greater upside in the future. Don't miss this opportunity!
Last Agent to Sell the Property
Keller Williams Realty License #RES.0815905 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,300
Year Built
- Built in 1885
Lot Details
- 5,227 Sq Ft Lot
Parking
- 3 Car Garage
Home Design
- Brick Exterior Construction
- Concrete Foundation
- Stone Foundation
- Stone Frame
- Frame Construction
- Asphalt Shingled Roof
- Masonry Siding
- Vinyl Siding
- Stone
Interior Spaces
- 3,402 Sq Ft Home
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
Attic
- Walkup Attic
- Finished Attic
Utilities
- Baseboard Heating
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1093239
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2025
Closed on
Apr 28, 2025
Sold by
Mr Funds Llc
Bought by
Stp Group Llc
Seller's Agent
Rafael Monegro
Keller Williams Realty
Buyer's Agent
Anthony Kallingal
Vision Real Estate
List Price
$670,000
Sold Price
$610,000
Premium/Discount to List
-$60,000
-8.96%
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,190
Avg. Annual Appreciation
5.15%
Original Mortgage
$427,000
Outstanding Balance
$425,873
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$194,317
Purchase Details
Listed on
Feb 3, 2025
Closed on
Apr 24, 2025
Sold by
Stp Group Llc
Bought by
105 Olivia Llc
Seller's Agent
Rafael Monegro
Keller Williams Realty
Buyer's Agent
Anthony Kallingal
Vision Real Estate
List Price
$670,000
Sold Price
$610,000
Premium/Discount to List
-$60,000
-8.96%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Outstanding Balance
$425,873
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$194,317
Purchase Details
Closed on
Sep 25, 2024
Sold by
Monegro Prop Group Llc
Bought by
Mr Funds Llc
Purchase Details
Listed on
Sep 12, 2022
Closed on
Oct 27, 2022
Sold by
Global Products Dist
Bought by
Monegro Prop Group Llc
Seller's Agent
Christopher Reid
Keller Williams Realty
Buyer's Agent
Christopher Reid
Keller Williams Realty
List Price
$389,000
Sold Price
$365,000
Premium/Discount to List
-$24,000
-6.17%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.60%
Original Mortgage
$328,500
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 15, 2010
Sold by
Department Of Housing & Urban Dev
Bought by
Global Products Distr
Purchase Details
Closed on
Dec 6, 2006
Sold by
Oakbridge
Bought by
Vasuqez Mike
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,730
Interest Rate
6.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 18, 2001
Sold by
Didonato Peter
Bought by
Oakbridge Mcn Prop Llc
Similar Homes in Derby, CT
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $610,000 | None Available | |
| Warranty Deed | $610,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $365,000 | None Available | |
| Warranty Deed | $365,000 | None Available | |
| Warranty Deed | $365,000 | None Available | |
| Warranty Deed | $98,000 | -- | |
| Warranty Deed | $98,000 | -- | |
| Warranty Deed | $269,900 | -- | |
| Warranty Deed | $269,900 | -- | |
| Warranty Deed | $165,000 | -- | |
| Warranty Deed | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $427,000 | Purchase Money Mortgage | |
| Closed | $427,000 | Purchase Money Mortgage | |
| Previous Owner | $328,500 | Purchase Money Mortgage | |
| Previous Owner | $265,730 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $610,000 | -9.0% | $179 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 02/03/2025 02/03/25 | For Sale | $670,000 | +83.6% | $197 / Sq Ft |
| 10/27/2022 10/27/22 | Sold | $365,000 | -6.2% | $107 / Sq Ft |
| 09/20/2022 09/20/22 | Pending | -- | -- | -- |
| 09/12/2022 09/12/22 | For Sale | $389,000 | -- | $114 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,300 | $168,980 | $43,380 | $125,600 |
| 2024 | $7,300 | $168,980 | $43,400 | $125,580 |
| 2023 | $6,523 | $168,980 | $43,400 | $125,580 |
| 2022 | $4,991 | $129,290 | $43,400 | $85,890 |
| 2021 | $4,991 | $129,290 | $43,400 | $85,890 |
| 2020 | $7,674 | $174,930 | $43,400 | $131,530 |
| 2019 | $7,324 | $174,930 | $43,400 | $131,530 |
| 2018 | $6,887 | $174,930 | $43,400 | $131,530 |
| 2017 | $6,887 | $174,930 | $43,400 | $131,530 |
| 2016 | $6,887 | $174,930 | $43,400 | $131,530 |
| 2015 | $5,589 | $156,380 | $43,400 | $112,980 |
| 2014 | $5,589 | $156,380 | $43,400 | $112,980 |
Source: Public Records
Agents Affiliated with this Home
-
Rafael Monegro
Seller's Agent in 2025
Rafael Monegro
Keller Williams Realty
(203) 940-1142
10 in this area
48 Total Sales
-
Christopher Reid
Seller Co-Listing Agent in 2025
Christopher Reid
Keller Williams Realty
(203) 400-0841
7 in this area
57 Total Sales
-
Anthony Kallingal
A
Buyer's Agent in 2025
Anthony Kallingal
Vision Real Estate
(860) 655-8654
1 in this area
12 Total Sales
Map
Source: SmartMLS
MLS Number: 24071683
APN: DERB-000008-000005-000053
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