122 Derby Ave New Haven, CT 06511
West River NeighborhoodEstimated payment $3,935/month
Highlights
- 0.46 Acre Lot
- Accessible Ramps
- Level Lot
- Enclosed Patio or Porch
- Baseboard Heating
- 3-minute walk to Little Hen Community Garden
About This Home
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. 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. 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. Once fully leased, the building is projected to operate at a conservative 9% cap. Schedule your showing today!
Listing Agent
Alpha Capital Realty, LLC License #RES.0816359 Listed on: 06/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,919
Year Built
- Built in 1900
Lot Details
- 0.46 Acre Lot
- Level Lot
Parking
- 5 Parking Spaces
Home Design
- Side-by-Side
- Brick Foundation
- Concrete Foundation
- Stone Frame
- Asphalt Shingled Roof
- Concrete Siding
- Vinyl Siding
- Stone
Interior Spaces
- 3,434 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Accessible Home Design
- Accessible Ramps
- Multiple Entries or Exits
Outdoor Features
- Enclosed Patio or Porch
Schools
- Barnard Elementary School
- Hill Regional High School
Utilities
- Radiator
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 1257422
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,919 | $226,380 | $83,370 | $143,010 |
| 2024 | $8,716 | $226,380 | $83,370 | $143,010 |
| 2023 | $8,421 | $226,380 | $83,370 | $143,010 |
| 2022 | $8,999 | $226,380 | $83,370 | $143,010 |
| 2021 | $9,642 | $219,730 | $64,120 | $155,610 |
| 2020 | $9,642 | $219,730 | $64,120 | $155,610 |
| 2019 | $9,444 | $219,730 | $64,120 | $155,610 |
| 2018 | $9,444 | $219,730 | $64,120 | $155,610 |
| 2017 | $8,499 | $219,730 | $64,120 | $155,610 |
| 2016 | $8,176 | $196,770 | $55,020 | $141,750 |
| 2015 | $8,176 | $196,770 | $55,020 | $141,750 |
| 2014 | $8,176 | $196,770 | $55,020 | $141,750 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $599,000 | +437.7% | $174 / Sq Ft |
| 08/15/2012 08/15/12 | Sold | $111,400 | -7.1% | $32 / Sq Ft |
| 06/22/2012 06/22/12 | Pending | -- | -- | -- |
| 06/07/2012 06/07/12 | For Sale | $119,900 | -- | $35 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $111,400 | -- | |
| Quit Claim Deed | -- | -- | |
| Foreclosure Deed | -- | -- | |
| Warranty Deed | $250,000 | -- | |
| Warranty Deed | $250,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,094,300 | New Conventional | |
| Previous Owner | $5,900 | Commercial | |
| Previous Owner | $2,000,000 | Commercial | |
| Previous Owner | $266,000 | Commercial |
Source: SmartMLS
MLS Number: 24111071
APN: NHVN-000339-000190-000600
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