$990,000

63 Derby Avenue, Derby CT, 06418

Price per sqft$191.38

Built in1900

Property size5,173 sqft

Property typeMulti-family

Overview

Sold

Closed

Listed Oct 28, 2025

Updated Aug 25

Mixed-use investment opportunity in a high-demand area of Derby, CT. This income-producing property includes 6 residential units and 2 commercial spaces-(4) 2-bedroom/1-bath, (2) 1-bedroom/1-bath apartments, 2 deli/retail spaces, and 1 office-offering a diversified tenant mix with immediate cash flow. Four of the six residential units have been updated within the last year. All tenants are separately metered and cover their own utilities, and heating is provided via a mix of electric baseboard and gas systems, keeping overhead low. There is a clear value-add opportunity with below-market rents in both the residential and commercial units, creating upside through rent adjustments and lease restructuring. Strong visibility and steady local demand further enhance long-term growth potential. Whether you're an experienced investor or expanding your portfolio, this property offers both stability and upside. Schedule your private tour today!

Additional information

MLS^® ID: 24136435

Interior Features

Bedrooms: 12
Bathrooms: 8
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.09 Acres

Other Property Details

Taxes: $10,049
Tax Frequency: Annually

Listed by Justin Sudol with Alpha Capital Realty, LLC (203) 980-6412. Bought with Konstantinos Milas of Milas Realty Advisors.

The IDX display contains information sourced from SmartMLS, Inc. as of 8/25/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 4:02 AM UTC.