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    63 Minerva St Derby, CT 06418

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    For Sale
    $349,580

    Two-unit property with strong rental income in Derby, Connecticut.

    Lot size:
    0.10 Acres

    Property Features for 63 Minerva St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1850

    Source: eXp Realty Agent Davante Mallard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Classic Derby Duplex Investment Opportunity

    This is a two-unit duplex constructed in 1850, located in Derby, Connecticut. Each unit features 2 bedrooms and 1 bathroom. The property is fully occupied, generating a total monthly rental income of $3,300. The first-floor unit has been updated with luxury vinyl flooring, while the second floor retains refinished original hardwood floors. Tenants are responsible for covering their electric and gas expenses. The property is well-maintained, ensuring its appeal to both investors and potential owner-occupants. The second-floor unit is occupied by a long-term tenant. The first-floor unit will be available starting April 1st, 2025, offering flexibility for future occupancy or market rent adjustments. The property is located minutes from Route 34, the train station, shopping areas, and downtown Derby. This multifamily property offers a solid structure, reliable cash flow, and historic charm.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0880979
    Latitude
    41.3211732

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with strong rental income in Derby, Connecticut.
    Where is this duplex located?
    The property is located at 63 Minerva St Derby, CT.
    What is the asking price?
    The asking price for this property is $349,580.
    What are key features of this property?
    This property features: - Strong rental income of $3,300/month from two units.; - Prime location in Derby, close to Route 34, train station, shopping, and downtown.; - Duplex offers flexibility for investors or owner-occupants.
    (203) 214-4441
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    63 Minerva St Derby, CT 06418
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    63 Minerva St Derby, CT 06418
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