122 Derby Ave New Haven, CT 06511
West River NeighborhoodEstimated payment $3,767/month
Highlights
- 0.46 Acre Lot
- Accessible Ramps
- 3-minute walk to Little Hen Community Garden
- Enclosed Patio or Porch
- Level Lot
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. 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 Agent
Alpha Capital Realty, LLC Brokerage Phone: (203) 816-7926 License #RES.0827718 Listed on: 10/21/2025
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
Schools
- Barnard Elementary School
- Hill Regional High School
Additional Features
- Enclosed Patio or Porch
- 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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/18/2025 11/18/25 | Price Changed | $575,000 | -4.0% | $167 / Sq Ft | |
| 10/21/2025 10/21/25 | For Sale | $599,000 | +437.7% | $174 / Sq Ft | |
| 08/15/2012 08/15/12 | Sold | $111,400 | -7.1% | $32 / Sq Ft | View Prior Sale |
| 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 |
|---|---|---|---|
| Previous Owner | $5,900 | Commercial | |
| Previous Owner | $2,000,000 | Commercial | |
| Previous Owner | $266,000 | Commercial |
Source: SmartMLS
MLS Number: 24134193
APN: NHVN-000339-000190-000600
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