98 Water St

Derby, CT 06418

$349,900
Price
6
Beds
1,075 Sq. Ft.
$325 / Sq. Ft.
1,075
Sq. Ft.
$325
per Sq. Ft.
a car parked in front of a house
a white toilet sitting next to a white wall
a view of a storage and utility room with wooden floor
a bathroom with a sink and mirror
a utility room with dryer and washer
a kitchen with granite countertop white cabinets and white appliances
a kitchen with granite countertop wooden cabinets and white appliances
a kitchen with granite countertop white cabinets and a stove with wooden floor
a kitchen with granite countertop a sink a stove and cabinets
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a view of an empty room with wooden floor and closet
a view of an empty room with wooden floor
an empty room with wooden floor and entrance

Description

A fantastic opportunity for investors. This fully occupied, side-by-side duplex offers immediate cash flow from day one. Each unit features a unique, multi-level layout. The first floor includes the kitchen and a full bath. The second floor hosts a spacious living room and a bedroom, while the top floor contains two additional cozy bedrooms. Benefit from the simplicity and low maintenance of electric heat, reducing worries about complex mechanicals. Key features include convenient in-unit laundry...A fantastic opportunity for investors. This fully occupied, side-by-side duplex offers immediate cash flow from day one. Each unit features a unique, multi-level layout. The first floor includes the kitchen and a full bath. The second floor hosts a spacious living room and a bedroom, while the top floor contains two additional cozy bedrooms. Benefit from the simplicity and low maintenance of electric heat, reducing worries about complex mechanicals. Key features include convenient in-unit laundry hookups and dedicated off-street parking for each unit. With its duplex style offering excellent privacy for tenants, this property is a stable and attractive rental. Don't miss this turnkey investment. Do not disturb tenants.
  1. Listed by Joseph Martino • Joseph Martino Real Estate
    P: (203)-671-2384 C: (203)-671-2384 joe@joemartinore.com

Property Details for 98 Water Street

Basement Description
None
Direct Waterfront
No
Neighborhood
N/A
Style
Units are Side-by-Side
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 10/28/2025 05:25 PM

Property Details for 98 Water Street

StatusActive
MLS #24114709
Days on Market150
Taxes$3,281 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1825
Lot Size0.13 AC / 5,662 SF
CountyNew Haven County

Location

Listing Courtesy of Joseph Martino Real Estate, Joseph Martino
Add your commute

Building Information for 98 Water Street

Stories-Residences2Year Built1825Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$2,002 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,729

Property Taxes

$273

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 98 Water Street

Summary
Property and Location
  • Acres Source: Approximate
  • Directions: GPS
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.322904
  • Longitude: -73.086815
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $3,281
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2
  • Rooms Total: 8
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1825
  • Year Built Source: Approximate
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1075
Lot Information
  • Lot Description: City Views
  • Parcel Number: 1094041
  • Sq Ft Est Heated Above Grade: 1075.0
  • Sq Ft Total: 1075.0
  • Zoning: CDD
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 35280
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 8
Unit 1
  • Lease: Leased
  • Lease Expires: 02-28-2026
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 10-28-2025
  • Unit Monthly Rent: $1,550
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
Unit 2
  • Lease: Leased
  • Lease Expires: 02-28-2026
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 10-28-2025
  • Unit Monthly Rent: $1,390
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4

Property History for 98 Water Street

DateEvent & SourcePriceAppreciation
Dec 7, 2020

Closed (Public Record)

Public Record #1434050511

$210,000

+21.9% / yr

Jan 2, 2007

Closed (Public Record)

Public Record #214448154

$13,333—
Jan 2, 2007

Closed (Public Record)

Public Record #214448155

$26,666—
DateEvent & SourcePrice
12/07/2020

Closed (Public Record)

Public Record #1434050511

$210,000

+21.9% / yr

01/02/2007

Closed (Public Record)

Public Record #214448154

$13,333
01/02/2007

Closed (Public Record)

Public Record #214448155

$26,666

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 98 Water Street

Taxable ValueLand$19,850Additions$56,100Total$75,950
Tax Record2024$3,281 ($273 / month)
Home Facts
Baths2Total Finished SqFt1,075 SqFtAbove Grade Finished SqFt1,075 SqFtStories1Lot Size5,663 SqFtStyleDuplexYear Built1825ZoningCDDCountyNEW HAVENAPNDERB M:8 B:5 L:151

Schools near 98 Water Street

This home is within Derby School District.
Rating
School
Type
Grades
Distance
Irving School
Public - K to 5
Derby Middle School
Public - 6 to 8
Derby High School
Public - 9 to 12
Bradley School
Public - K to 5
Rating
School
Distance
Irving School
PublicK to 5

Derby Middle School
Public6 to 8

Derby High School
Public9 to 12

Bradley School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 98 Water Street, Derby, CT 06418

98 Water Street is a multi-family home for sale in Derby, CT 06418. This property was listed for sale on July 26, 2025 by Joseph Martino Real Estate, it's currently listed at $349,900. It has been on the market for a total of 150 days and was last sold on December 7, 2020. This listing's school district is Derby School District. Nearby schools include Irving School, Derby Middle School and Derby High School. 98 Water Street is a 6-bed, 2-bath, 1,075 sqft multi-family home built in 1825.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Joseph Martino Real Estate, Joseph Martino

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.