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21-23 Derby Avenue

Derby, Connecticut 06418

ACTIVE$250,000
Beds
8
Baths
2 | 2
SqFt
6,029
Acres
0.06
Year Built
1879
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
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About This Home

Great opportunity for investors, developers, and owner-users! This mixed-use property offers three residential units plus a commercial storefront, providing excellent potential for multiple income streams once renovated. The property has experienced fire damage and requires significant rehabilitation, making it ideal for an experienced investor looking to restore and reposition the building. The existing layout offers the potential to create a combination of residential rental income and commercial space in a highly visible location. With the right vision and renovation, this property could be transformed into a valuable income-producing asset. This property is also being sold with 25 Derby Ave which is the parking lot attached to the property. Seller is selling this "as is" and there is no access inside. This property needs to be torn down and there might be possibility to save the store front but you need town's approval. Buyers should perform their own diligence regarding the building's condition, zoning, permits, utilities, and required repairs.

Key Facts

City/Town
Derby
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors,Other
Year Built
1879
Days on Market
56 days
Beds
8
Baths
2 full · 2 half
Living Area
6,029 sq ft
Lot Size
0.06 acres
Garage / Parking
6 total
Property Taxes
$11,495 / Annually

Market Snapshot

The Derby Market

Multi-Family · trailing 12 months

Median Days on Market

55

8 active listings

Median $ / Sq Ft

$183

8 active listings

Sale-to-List Ratio

100.0%

29 sales

How this home compares

List Price

$250,000

vs $392,400 median

36.3% below median

Price / Sq Ft

$41

vs $183 median

77.6% below median

Days on Market

56 days

vs 55 days median

In line with median

Based on 8 active and 29 closed sales (trailing 12 mo) of multi-family in Derby. Source: SmartMLS · As of October 15, 2026.

Location

21-23 Derby Avenue, Derby, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,426

per month

  • Principal & Interest$1,385
  • Property Taxes$958
  • Insurance$83
  • HOA$0

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

Location

City/Town
Derby
Neighborhood
N/A
County
New Haven

Residence

Property Type
Multi-Family
Subtype
Other
Style
Units on different Floors,Other
Year Built
1879
New Construction
No/Resale
Living Area
6,029 sq ft
Below Grade
1,856 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Gas on Gas
Cooling
None
Laundry
None
Basement
None

Exterior & Lot

Lot Size
0.06 acres
Zoning
B-2
Garage / Parking
6 total parking spacesPavedParking Lot
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Flood Zone
No
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Lot Description
Level LotSloping Lot

Listing & Financials

Property Taxes
$11,495 / Annually
Days on Market
56
MLS #
24199551
MLS Status
Active

Similar Properties

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

Listed By

Carolyn Colon-Ortega

(203) 218-0702

Century 21 Scala Group

(203) 374-9451

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

The IDX display contains information sourced from SmartMLS, Inc. as of 10/15/2026. 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 10/15/2026 at 9:55 PM UTC.