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Derby Investment Opportunity
For Sale
$349,500
Pending

63 Minerva St, Derby, CT 06418

Two spacious apartments in Derby, CT, with potential for expansion.

Property SizeContact for details
Days on Market108

Property Features for 63 Minerva St

General Information

Standard status Pending
Property subtype Multi Family

Building Details

Year Built 1850
Listing Agency: AllPoints Realty Inc
Listed By: Linda J. Conchado · License #RES.0779803
Source: Elliman
Added: Apr 27 Changed: Jul 10 Last Checked: Aug 12 at 7:58AM

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 AllPoints Realty Inc

Investment Insights

Based on property information with market context.

This property in Derby presents an investment opportunity, featuring two apartments. Each apartment includes two bedrooms and one full bath. The first-floor apartment has been updated with luxury vinyl flooring, while the second-floor apartment showcases refinished hardwood floors. Each unit has separate laundry hookups. There is a third-floor attic with outside access. The property's structure is described as solid. Off-street parking is available. The property is located minutes from Route 34, the train station, and shopping areas. It is also near a revitalized downtown area. The property is being sold as-is. Cannot close until the end of June.

Key Highlights

  • Two spacious apartments, each with 2 bedrooms and 1 full bath
  • Separate laundry hookups for each unit
  • Prime location minutes from Route 34, train station, shopping, and downtown

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Florist Locksmith Home Appliance Store Nursing Home

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

Location Intelligence

Trade Area within ½ mile

1,039
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?
Duplex - Two spacious apartments in Derby, CT, with potential for expansion.
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 $349,500.
What are key features of this property?
This property features: Two spacious apartments, each with 2 bedrooms and 1 full bath; Separate laundry hookups for each unit; Prime location minutes from Route 34, train station, shopping, and downtown
More about this property
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