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163 Main Street, Deep River, CT 06417

Deep River
Local realty services provided by:CENTURY 21 AllPoints Realty
163 Main Street,Deep River, CT 06417
$2,100,000
  • 11 Beds
  • 12 Baths
  • 8,500 sq. ft.
  • Multi-family
  • Active
Listed by: connor wenchell, anthony velez(860) 343-7800
Office: vc property group, llc(860) 300-3102
MLS#:24170538
Source:CT

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$247.06

About this home

A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1,500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210,000+ in current gross income, with upside to over $280,000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175,748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and...

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Home facts

  • Year built:1850
  • Listing ID #:24170538
  • Added:2 day(s) ago
  • Updated:April 30, 2026 at 11:28 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:12
  • Full bathrooms:10
  • Half bathrooms:2
  • Rooms Total:34
  • Basement Description:Full Basement
  • Living area:8,500 sq. ft.

Heating and cooling

  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1850
  • Building area:8,500 sq. ft.
  • Lot area:0.07 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Aluminium

Schools

  • High school:Per Board of Ed
  • Elementary school:Deep River

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$247.06
  • Tax amount:$10,593 (July 2025-June 2026)
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