181 Derby Avenue
Derby, Connecticut 06418
Reduced from $425,000
- Beds
- 8
- Baths
- 3
- SqFt
- 2,799
- Acres
- 0.23
- Year Built
- 1874
- Property Type
- 3 Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
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
Active Listings
4
8 under contract
Median List Price
$457,450
4 active listings
Median Closed Price
$469,500
26 sales
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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per 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.
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.