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Triplex with Separate Rear Unit
For Sale
$549,000

124 Smith Street, Derby, CT 06418

Three-family property with new roofs, replacement windows, and updates across the units.

Property Size3,600 SF
Price / SF$152.50
Days on Market193

Property Features for 124 Smith Street

General Information

Standard status Active
Size 3,600 SF
Property subtype Multi-Family / 3 Family
Zoning R-5

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,121

Amenities

Yes
Hot Air, Hot Water
13
Appliances, Electric Outlet(s), Lighting, Security System
Unfinished, Storage Space, Access Via Hatch
All Units Have Hook-Ups
Balcony
Not Applicable

Building Details

Year Built 1920
Listing Agency: Larracuente & Johnson Realty, LLC
Listed By: Michael Nembhard · License #RES.0761192
Source: Compass
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 29 at 2:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Larracuente & Johnson Realty, LLC

Investment Insights

Based on property information with market context.

This 3,600-square-foot triplex contains three residential units, with one set apart from two additional units positioned toward the front of the property. The 1920 building has received numerous updates, including new roofs and windows. Interior features include hot-air heating, hot water, unit-level hookups, and unfinished storage accessed through a hatch. A balcony is also included.

The property is located at 124 Smith Street in Derby, Connecticut, and is zoned R-5. The rear yard extends to the street behind the rear house, providing a distinct lot configuration. The three-unit layout and existing residential improvements support continued multifamily use.

Key Highlights

  • Three‑unit multifamily property with one separate unit and two front units
  • 3,600 square feet on an R‑5‑zoned property
  • New roofs and windows among numerous property updates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Florist Veterinary Clinic Bakery Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

895
Businesses Nearby

Demographics for 06418, CT

12,297
Population
6,086
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
2,459
Density / Sq Mi
$75,718
Median Household Income
$50,708
Median Earnings
$1,453
Median Rent
$243,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family property with new roofs, replacement windows, and updates across the units.
Where is this triplex located?
The property is located at 124 Smith Street Derby, CT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three‑unit multifamily property with one separate unit and two front units; 3,600 square feet on an R‑5‑zoned property; New roofs and windows among numerous property updates
More about this property
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