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181 Derby Avenue

Derby, Connecticut 06418

PENDING$399,000

Reduced from $425,000

Beds
8
Baths
3
SqFt
2,799
Acres
0.23
Year Built
1874
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

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Price Reduced

About This Home

Welcome to 181 Derby Ave, Derby CT—an outstanding investment opportunity! This multifamily residence offers a beautiful home with the potential for living almost rent-free, as the other two units can cover your mortgage. Experience the perfect blend of comfort, convenience, and financial freedom in this well-maintained property. With three separate units, this property provides flexibility and income-generating potential. The main unit features 3Br/1Ba, offering ample space for you and your family. The additional two units also impress with their 3Br/1Ba, and a 2Br/1Br presenting a lucrative rental opportunity. The two additional units showcase tasteful design and functional layouts. Renting them out could significantly offset your mortgage expenses. Alternatively, you could convert one unit into a home office or studio space. Outside, a well-manicured yard offers a serene setting for outdoor activities. Located in a desirable area, 181 Derby Ave provides easy access to amenities, including shopping centers, restaurants, schools, and parks. Commuters will appreciate the proximity to major highways and public transportation. Don't miss this opportunity to own a home that practically pays for itself! Live comfortably in one unit while the other two generate income to cover your mortgage. Secure your financial future today. Owner Agent. 24-48hr Notice Needed for 1st fl showings. 2nd & 3rd fl are vacant.

Key Facts

City/Town
Derby
Property / Style
Multi-Family · 3updown - Unit(s) per Floor
Year Built
1874
Days on Market
1134 days
Beds
8
Baths
3 full
Living Area
2,799 sq ft
Lot Size
0.23 acres
Property Taxes
Not on file from MLS

Market Snapshot

The Derby Market

Multi-Family · trailing 12 months

Median Days on Market

86

4 active listings

Median $ / Sq Ft

$203

4 active listings

Sale-to-List Ratio

100.0%

26 sales

How this home compares

List Price

$399,000

vs $457,450 median

12.8% below median

Price / Sq Ft

$143

vs $203 median

29.6% below median

Days on Market

1134 days

vs 86 days median

1048 days longer than median

Based on 4 active and 26 closed sales (trailing 12 mo) of multi-family in Derby. Source: SmartMLS · As of July 30, 2026.

Location

181 Derby Avenue, Derby, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,167

per month

  • Principal & Interest$2,034
  • Property Taxes$0
  • Insurance$133
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Derby
County
New Haven

Residence

Property Type
Multi-Family
Subtype
3 Family
Style
3updown - Unit(s) per Floor
Year Built
1874
Living Area
2,799 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Hot AirOther
Cooling
None
Laundry
All Units Have Hook-Ups

Exterior & Lot

Lot Size
0.23 acres
Garage / Parking
Other
Waterfront Details
Not Applicable
Construction
Aluminum
Roof
Asphalt Shingle
Foundation
Stone
Lot Description
N/A

Listing & Financials

Days on Market
1134
MLS #
170568751
MLS Status
Under Contract
Financing
FHA,VA,CHFA

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Anthony Jordan

(203) 893-1255

Jordan RealtyCo.

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/30/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/30/2026 at 11:50 PM UTC.