4 days on market
Under Contract
More about this Property

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21 Derby Avenue, Derby CT 06418

Current Price: $449,990

11 beds 6 baths 6029 sq. ft

Last Update: 7/4/2025

Property Type: Multi-Family For Sale

Public Remarks

Incredible Mixed-Use Investment Opportunity in the Heart of Derby! Welcome to 21-21 Derby Avenue, a unique and versatile 4-unit mixed-use property located in the rapidly growing city of Derby, CT. Just minutes from the Merritt Parkway and Route 8, this property offers prime accessibility for both residents and businesses alike. The two upper-level units are spacious, side-by-side townhome-style apartments, each offering two floors of living space with 4 bedrooms and 1.5 bathrooms. Both units also feature additional attic space, providing the potential to add up to 3 more bedrooms per unit-a rare value-add opportunity. The ground-level space has been fully gutted and is ready for transformation. Approved architectural plans are in place to convert the space into a 2-bedroom apartment and a commercial office unit, and these plans will transfer with the sale. This property is being sold as-is. Cash or investment financing preferred. Whether youre an experienced investor or a visionary looking to expand your portfolio, this is your chance to capitalize on Derbys continued growth and revitalization. Dont miss out on this rare, high-upside asset in one of Connecticuts most accessible locations.

Map to Property at 21 Derby Avenue, Derby CT 06418


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Residential Property Information for 21 Derby Avenue, Derby CT 06418

MLS #: 24102380

Style: Units are Side-by-Side

Color:

Total Rooms:

Bedrooms: 11

Bathrooms: 6

Acres: 0.06

Year Built: 1879 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $9,628

Zoning: B-2

Mil Rate:

Assessed Value: $222,880 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 6029; below grade sq feet total is ; total sq ft is 6029

Features
Laundry Location & Info: All Units Have Hook-Ups 
Fireplaces: 0
Basement Desc.: None
Exterior Siding: Wood
Foundation: Brick
Roof: Asphalt Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: City Views,Level Lot,Sloping Lot
Occupied: Tenant
Utility Information

Hot Water System

Heat Type:

Fueled By: Baseboard.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Derby

Marketing History

Current List Price: $449,990

Original List Price: $449,990

DOM: 4

Listing Date: 6/8/2025

Last Updated: 6/14/2025 7:32:04 PM

Listing Agent and Broker

List Agent Name: Jerard Gibson

List Office Name: Coldwell Banker Realty