21-23 Derby Avenue
Derby, Connecticut 06418
- Beds
- 11
- Baths
- 4 | 2
- SqFt
- 6,029
- Acres
- 0.06
- Year Built
- 1879
- Property Type
- Multi-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
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 at this time concerning safety reasons. 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 · Other
- Year Built
- 1879
- Days on Market
- 0 days
- Beds
- 11
- Baths
- 4 full · 2 half
- Living Area
- 6,029 sq ft
- Lot Size
- 0.06 acres
- Garage / Parking
- 4 total
- Property Taxes
- $11,495 / Annually
Market Snapshot
The Derby Market
Multi-Family · trailing 12 months
Active Listings
5
9 under contract
Median List Price
$429,900
5 active listings
Median Closed Price
$487,000
26 sales
Median Days on Market
14
5 active listings
Median $ / Sq Ft
$189
5 active listings
Sale-to-List Ratio
100.0%
26 sales
How this home compares
List Price
$250,000
vs $429,900 median
41.8% below median
Price / Sq Ft
$41
vs $189 median
78.3% below median
Days on Market
0 days
vs 14 days median
14 days fresher than median
Based on 5 active and 26 closed sales (trailing 12 mo) of multi-family in Derby. Source: SmartMLS · As of August 19, 2026.
Location
21-23 Derby Avenue, Derby, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 13, 2026per month
- Principal & Interest$1,287
- 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
- Other
- Year Built
- 1879
- New Construction
- No/Resale
- Living Area
- 6,029 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- No Heat
- Cooling
- None
- Laundry
- None
- Basement
- None
Exterior & Lot
- Lot Size
- 0.06 acres
- Zoning
- B-2
- Garage / Parking
- 4 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
- TreedLevel Lot
Listing & Financials
- Property Taxes
- $11,495 / Annually
- Days on Market
- 0
- MLS #
- 24199551
- MLS Status
- Active
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 8/19/2026. 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 8/19/2026 at 11:50 PM UTC.