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122 Derby Ave 5 Unit Apartment Building $575,000 ($115,000/Unit) 10.22% Cap Rate New Haven, CT 06511
Investment Highlights
- Prime Location
- Large Lot with Ample Parking
- Lots of Natural Light
Executive Summary
Exceptional investment opportunity featuring a diverse unit mix of two 2-bedrooms, two 1-bedrooms, and one large studio—ideal for attracting a wide range of tenants. Once fully leased, the property is projected to deliver a conservative 9% cap rate. Currently, one unit is occupied and four are vacant, offering immediate upside for investors or owner-occupants seeking strong cash flow potential. The seller is open to delivering the property fully leased, allowing buyers to step into a stabilized 9% cap on day one. Additional highlights include ample parking and a full unfinished basement offering room for future upgrades or value-add enhancements.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $575,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 4,843 SF |
| Cap Rate | 10.22% | Average Occupancy | 20% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | BA | ||
| Price | $575,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 10.22% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 4,843 SF |
| Average Occupancy | 20% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | BA |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Porch
Site Amenities
- 24 Hour Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | NHVN-000339-000190-000600 | Total Assessment | $226,380 |
| Land Assessment | $83,370 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $143,010 | Tax Year | 2025 |
Property Taxes
Parcel Number
NHVN-000339-000190-000600
Land Assessment
$83,370
Improvements Assessment
$143,010
Total Assessment
$226,380
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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122 Derby Ave
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