163 Main Street, Deep River, CT 06417

• 11 beds |
• 12 baths |
• 8,500 sqft

Property Description

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 commercial components.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 12, 2026 at 12:50PM

Listing Office:

VC Property Group, LLC : (860) 300-3102

Listing Agent:

Connor Wenchell : (860) 343-7800

MLS ID:

24170538

Interior

• Basement: Full
• A/C: None
• Heating: Hot AirOil
• Fireplace: Fireplaces: 0

Exterior

• Style: Units on different FloorsUnits are Side-by-Side

Construction

• Roofing: Asphalt Shingle

Location

• County: Middlesex

Lot

• Zoning: VCD962381

Utilities

• Water: Public Water Connected
• Sewer: Public Sewer Connected