$349,900

98 Water St Derby, CT 06418

Estimated payment $2,137/month

Total Views 8,085
6 Beds
2 Baths
1,075 Sq Ft
$325 Price per Sq Ft

About This Home

A fantastic opportunity for investors. This fully occupied, side-by-side duplex offers immediate cash flow from day one. Each unit features a unique, multi-level layout. The first floor includes the kitchen and a full bath. The second floor hosts a spacious living room and a bedroom, while the top floor contains two additional cozy bedrooms. Benefit from the simplicity and low maintenance of electric heat, reducing worries about complex mechanicals. Key features include convenient in-unit laundry hookups and dedicated off-street parking for each unit. With its duplex style offering excellent privacy for tenants, this property is a stable and attractive rental. Don't miss this turnkey investment. Do not disturb tenants.

Listing Agent

Joseph Martino

Joseph Martino Real Estate License #REB.0792369 Listed on: 07/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,281

Year Built

  • Built in 1825

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • Side-by-Side
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 1,075 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $35,280

Listing and Financial Details

  • Assessor Parcel Number 1094041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,281

Year Built

Built in 1825

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1075
  • Total Sq Ft: 1075
  • Year Built: 1825
  • New Construction: No/Resale
  • Remarks Public Addendum: We have two available times for the showing: Friday at 6:00 PM (right side) Sunday at 5:00 PM (left side)
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS
  • Living Area Sq Ft Per Public Record: 1075
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: None
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2
  • Attic: No
  • Street Number Modifier: 98

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.13
  • Lot Description: City Views
  • Zoning: CDD
  • Parcel #: 1094041

Multi Family

  • Gross Annual Income: 35280
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 3281
  • Total Assessed Value: 75950
  • Mil Rate Total: 43.2

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,281 $75,950 $19,850 $56,100
2024 $3,281 $75,950 $19,810 $56,140
2023 $2,932 $75,950 $19,810 $56,140
2022 $2,932 $75,950 $19,810 $56,140
2021 $2,932 $75,950 $19,810 $56,140
2020 $2,788 $63,560 $19,810 $43,750
2019 $2,661 $63,560 $19,810 $43,750
2018 $2,502 $63,560 $19,810 $43,750
2017 $2,502 $63,560 $19,810 $43,750
2016 $2,502 $63,560 $19,810 $43,750
2015 $2,559 $71,610 $24,850 $46,760
2014 -- $71,610 $24,850 $46,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $349,900 +0.3% $325 / Sq Ft
07/28/2025 07/28/25 Price Changed $349,000 -0.3% $325 / Sq Ft
07/26/2025 07/26/25 For Sale $350,000 +66.7% $326 / Sq Ft
12/28/2020 12/28/20 Sold $210,000 0.0% $195 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $210,000 -- $195 / Sq Ft
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $210,000 None Available
Quit Claim Deed -- --
Warranty Deed $26,666 --
Warranty Deed $13,333 --
Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $157,500 Balloon
Previous Owner $84,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $56,000 No Value Available
Source: Public Records

Source: SmartMLS

MLS Number: 24114709

SmartMLS

APN: DERB-000008-000005-000151