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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
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.
GPS Friendly
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
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 |
Hot Water System
Heat Type:
Fueled By: Baseboard.
Cooling: None
Fuel Tank Location:
Water Service: Public Water Connected
Sewage System: Public Sewer Connected
Elementary: Per Board of Ed
Intermediate:
Middle:
High School: Derby
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
List Agent Name: Jerard Gibson
List Office Name: Coldwell Banker Realty