Homes for sale - 105 Olivia Street, Derby, CT 06418

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Joe Artioli

Artioli Realty LLC

joe@artiolirealty.com +1(860) 989-9080

$670,000

Est. payment - /mo

7 Beds

5 Baths

3,402 SqFt

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UPDATED:

02/20/2025 06:19 PM

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,402 sqft

Price per Sqft $196

MLS Listing ID 24071683

Style Other

Bedrooms 7

Full Baths 3

Half Baths 2

Year Built 1885

Annual Tax Amount $7,300

Lot Size 5,227 Sqft

Property Sub-Type 4 Family

Property Description

Introducing a rare 4-unit building with a day one, Current Gross Rents $6800/mo yielding 9% cap rate with easy updside to 11%. This property featuring three residential units and one office space, plus two detached garages for additional rental income. Located in the heart of Derby's redevelopment zone, this property benefits from city grants and development incentives and possible 5th unit expansion(Buyers to do their own due diligence), making it an excellent opportunity for investors and developers alike. Surrounded by new luxury buildings, restaurants, and retail spaces, this property is positioned in an area experiencing significant growth. With a strong rental history, this downtown location offers high visibility and easy access to major highways, public transportation, and local amenities. Whether you're looking for a high-yield investment or a chance to be part of Derby's revitalization, this property features strong income potential today with even greater upside in the future. Don't miss this opportunity!

Location

State CT

County New Haven

Zoning CDD

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard

Cooling Ceiling Fans

Exterior

Parking Features Detached Garage, Off Street Parking

Garage Spaces 3.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle,Flat

Building

Lot Description City Views, Level Lot

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Rafael Monegro • Keller Williams Realty

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Joe Artioli

+1(860) 989-9080

Broker | License ID: REB.0793833

Broker License ID: REB.0793833

105 Olivia Street Derby, CT 06418

Joe Artioli

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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