$575,000
OPEN HOUSE 9/12 COMING SOON

509-511 Roosevelt Dr Derby, CT 06418

Derby Area

Estimated payment $4,424/month

Total Views 978
6 Beds
3.5 Baths
2,592 Sq Ft
10,019 Sq Ft Lot

Highlights

  • Very Popular Property
  • Deck
  • Attic
  • Waterfront
  • Property is near public transit
  • 1 Fireplace

About This Home

DERBY MULTIFAMILY INVESTMENT OPPORTUNITY - TWO UNITS, SIX BEDROOMS, IMMEDIATE FLEXIBILITY! Investors, owner-occupants, and portfolio builders-this is the opportunity you've been waiting for! 509-511 Roosevelt Drive is a substantial side-by-side two-family property offering an exceptional combination of scale, flexibility, and income-producing potential in Derby. Built in 1985 and positioned on a 0.23-acre corner lot, this property delivers approximately 2,592 square feet above grade with 12 total rooms across two separate units. Each unit offers 3 bedrooms, creating an attractive six-bedroom multifamily configuration. The roof was recently replaced in 2022. Unit 509 features recently remodeled 2 full bathrooms with 1st flr bathroom having a jacuzzi tub and also connections for an additional half bath in the unfinished basement, hardwood floors, fireplace and a connection for a pellet stove in the unfinished basement and a recently updated deck. Unit 511 features recently remodeled kitchen with hardwood floors, remodeled 1 full and 1 half bathrooms, semi-finished basement, newer Anderson windows, back door and screen door with transferrable warranties and a powered retractable awning over the updated back deck. Both units are currently vacant, giving the next owner maximum flexibility to establish their own occupancy and rental strategy from day one. Live in one side and potentially offset your housing costs with the other, place both units into service, or capitalize on the property's strong multifamily configuration as you build your investment portfolio. The property offers a solid collection of features including central air, oil hot-air heating, fireplace, private paved driveway, four parking spaces, vinyl siding, asphalt-shingle roof, decks, gutters, garden area, and washer/dryer hookups for both units. The substantial basement provides additional finished and unfinished space for storage, recreation, hobbies, or other permitted uses. The corner-lot setting, generous parking, six-bedroom layout, dual-unit configuration, and vacancy make this property particularly compelling for buyers looking for flexibility and the ability to execute their own investment strategy. Conveniently located near parks, schools, medical facilities, public transportation, shopping, dining, and other area amenities, 509-511 Roosevelt Drive offers the fundamentals investors look for: two units, substantial living space, strong bedroom count, parking, and the opportunity to immediately put your plan into action. THE BOTTOM LINE: This isn't simply a two-family home-it's an opportunity to acquire a sizable multifamily property and determine its next chapter. Bring your investment strategy, your vision, and your numbers. Opportunities with this combination of flexibility and scale deserve a closer look. Schedule your private tour today and see the potential firsthand. Pictures, videos and floor plans coming soon by 9/11.

Listing Agent

Ryzard Villa

Premier Properties of CT Brokerage Phone: (860) 549-6833 License #RES.0818857

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,203

Year Built

  • Built in 1985

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront
  • Garden

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring
  • Water Views

Bedrooms and Bathrooms

  • 6 Bedrooms

Attic

  • Unfinished Attic
  • Attic or Crawl Hatchway Insulated

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Irving Elementary School
  • Derby Middle School
  • Derby High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1093580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,203

Year Built

Built in 1985

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2592
  • Total Sq Ft: 2592
  • Year Built: 1985
  • New Construction: No/Resale
  • Nearby Amenities: Health Club, Lake, Library, Medical Facilities, Park, Public Rec Facilities, Public Transportation
  • Remarks Public Addendum: Both units are currently vacant, giving the next owner maximum flexibility to establish their own occupancy and rental strategy from day one. Live in one side and potentially offset your housing costs with the other, place both units into service, or capitalize on the property's strong multifamily configuration as you build your investment portfolio. The property offers a solid collection of features including central air, oil hot-air heating, fireplace, private paved driveway, four parking spaces, vinyl siding, asphalt-shingle roof, decks, gutters, garden area, and washer/dryer hookups for both units. The substantial basement provides additional finished and unfinished space for storage, recreation, hobbies, or other permitted uses. The corner-lot setting, generous parking, six-bedroom layout, dual-unit configuration, and vacancy make this property particularly compelling for buyers looking for flexibility and the ability to execute their own investment strategy. Conveniently located near parks, schools, medical facilities, public transportation, shopping, dining, and other area amenities, 509-511 Roosevelt Drive offers the fundamentals investors look for: two units, substantial living space, strong bedroom count, parking, and the opportunity to immediately put your plan into action. THE BOTTOM LINE: This isn't simply a two-family home-it's an opportunity to acquire a sizable multifamily property and determine its next chapter. Bring your investment strategy, your vision, and your numbers. Opportunities with this combination of flexibility and scale deserve a closer look. Schedule your private tour today and see the potential firsthand. Pictures, videos and floor plans coming soon by 9/11.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Google or Wave
  • Street Type: Drive
  • Office Attribution Contact: (860) 756-0980
  • Reserve Prospect: No
  • Special Features: ComingSoon

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Unfinished, Crawl Space, Access Via Hatch
  • Basement Description: Partial, Full, Unfinished, Heated, Fully Finished, Partial With Hatchway, Concrete Floor, Full With Hatchway
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s), Washer/Dryer All Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Gutters, Garden Area
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Paved, Asphalt
  • Total Parking Spaces: 4
  • Garage And Parking: Paved, Off Street Parking, Driveway

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.23
  • Lot Description: Corner Lot Level Lot
  • Flood Zone: No
  • Zoning: R-5
  • Parcel #: 1093580

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2026-June 2027
  • Property Tax: 15203

MLS Schools

  • Elementary School: Irving
  • Middle Jr High School: Derby Middle
  • High School: Derby

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

About the Listing Agent

Ryzard Villa
Ryzard Villa

Premier Properties of CT

(475) 265-6246

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Hi, I’m Ryzard Villa, a licensed real estate professional serving both Connecticut and Massachusetts with Premier Properties of Connecticut.

Whether you’re buying your first home, selling a property, investing in real estate, or looking for your next opportunity, my goal is simple: to make the process clear, strategic, and successful.

I bring local market knowledge, strong negotiation skills, attention to detail, and a commitment to putting my clients’ goals first. I work with

View Ryzard's Profile

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Source: SmartMLS

MLS Number: 24202817

SmartMLS
Connecticut New Haven County Derby 06418

509-511 Roosevelt Dr, Derby, CT

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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