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    122 Derby Ave New Haven, CT 06511

    For Sale
    $575,000

    Five-unit building near Yale and Southern Connecticut State University.

    Lot size:
    0.46 Acres

    Property Features for 122 Derby Ave

    General Information

    Lot size
    0.46 Acres

    Building Details

    Year built
    1900

    Source: Alpha Capital Realty, LLC Agent Zachary T. Pinto

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

    Overview

    New Haven Multifamily Investment Opportunity

    Located in New Haven's West River neighborhood, 122 Derby Avenue is a five-unit multi-family property. The unit mix includes two 2-bedroom units, two 1-bedroom units, and one large studio. The property is projected to operate at a 9 cap once fully leased. One unit is currently leased, and four are vacant. The property includes a full unfinished basement that offers potential for updates or value-add improvements. The seller is willing to find tenants to occupy units prior to closing. The property is located minutes from Yale University and in close proximity to Southern Connecticut State, downtown New Haven, and major highways, offering high rental demand and strong tenant appeal.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9501305
    Latitude
    41.3102312

    Nearby Similar for Sale

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      West Haven Two-Family Home

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    FAQs

    What type of property is this?
    Apartment building - Five-unit building near Yale and Southern Connecticut State University.
    Where is this apartment building located?
    The property is located at 122 Derby Ave New Haven, CT.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Projected 9% capitalization rate once fully leased.; - Opportunity for strong rental income with a mix of unit types (two 2-bedrooms, two 1-bedrooms, one studio).; - Excellent location near Yale University, Southern Connecticut State, downtown New Haven, and major highways.
    (203) 816-7926
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    122 Derby Ave New Haven, CT 06511
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    New Haven, CT 06511
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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
    122 Derby Ave New Haven, CT 06511
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