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 you're an experienced investor or a visionary looking to expand your portfolio, this is your chance to capitalize on Derby's continued growth and revitalization. Don't miss out on this rare, high-upside asset in one of Connecticut's most accessible locations.
Under contract
$449,990
21 Derby Avenue, Derby, CT 06418
11beds
6,029sqft
Est.:
Multi Family
Built in 1879
-- sqft lot
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Commercial office unitGround-level spaceSpacious side-by-side townhome-style apartmentsAdditional attic space
- 11 days
- on Zillow |
- 497 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: June 14, 2025 at 12:32pm
Listed by:
Jerard Gibson,
Coldwell Banker Realty
Source: Smart MLS,MLS#: 24102380

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: In Unit
Features
- Basement: None
- Attic: Partially Finished,Finished,Walk-up
- Has fireplace: No
Interior area
- Total structure area: 6,029
- Total interior livable area: 6,029 sqft
- Finished area above ground: 6,029
Property
Parking
- Parking features: None
Features
- Has view: Yes
- View description: City
Lot
- Size: 2,613.6 Square Feet
- Features: Level, Sloped
Details
- Parcel number: 1093813
- Zoning: B-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Brick/Mortar
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1879
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: East Derby
HOA
- Has HOA: No
Location
- Region: Derby
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $222,880
- Annual tax amount: $9,628
- Date on market: 6/8/2025
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