Movoto Real Estate
Sold on 03/27/2026
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63 Derby Ave, Derby, CT 06418

$990,000

Last sold 03/27/2026 after 150 Days

  • 12

    bed

  • 8

    bath

  • 5,173

    Sqft ($191/Sqft)

Multi-family not for sale

About 63 Derby Ave

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 3,920 Sqft
Movoto estimate
Property description
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!
Listed by
Listing Agent - Justin Sudol
Listing Office - Alpha Capital Realty, LLC
Source: CONNECT MLS mls logo
MLS#24136435 • last updated 7 months ago
Movoto checked CONNECT MLS for data 4 minutes ago
Overview
Cooling/AC Window Unit
Heating Hot Air
Levels/Style Units On Different Floors
Type Multi-Family For Sale
SubType 5 Family+
SqFt 5173
Status Closed
MLS # 24136435
Lot Size (Acres) 0.09
Property Tax 10049
Property Condition No/Resale
Interior
Total # of Bathrooms 8
# of Full Baths 8
Total # of Bedrooms 12
Laundry Hook-Up In Unit 4
Total # of Rooms 30, 30
Exterior
Exterior Aluminum
Foundation Concrete
Roofing Flat
Exterior Features Patio
Amenities / Utilities
Sewer/ Septic Public Sewer Connected
Location
Waterfront Not Applicable
Elementary School Irving
High School Derby
APN 1093880
Directions GPS.
Multifamily Details
Total # of Units 8
Gross Annual Income 118560
Net Operating Income 81271
$1.05M
Range: $950K-$1.16M
Last 30 days 
  • Mar 2026
    Public Records
  • Mar 31, 2026 Sold
    $990,000
  • Mar 2026
    mls logo MLS # 24136435
  • Mar 27, 2026 Sold
    $990,000 (-13.9%)
  • Nov 6, 2025 Under Contract
    —
  • Oct 28, 2025 Listed
    $1,150,000 (+161.4%)
  • Sep 2024
    Public Records
  • Sep 10, 2024 Sold
    $440,000
  • Year Property taxes Tax assessment
  • 2024
    $10,049
    $232,610
  • 2023
    $10,049 +11.9%
    $232,610
  • 2022
    $8,979
    $232,610
  • 2021
    $8,979 -29.8%
    $232,610 -20.25%
  • 2020
    $12,796
    $291,690
  • 63 Derby Ave
    $990K
  • —
  • 06418
    $350K +16% y/y
  • Derby
    $343K +7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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