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.
Features
- Heating System:
- Hot Air
- Cooling System:
- No
- Basement:
- Full
- Foundation Type:
- Masonry
- Heat Fuel Type:
- Oil
- Exterior Siding:
- Aluminum
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- Electric, 50 Gallon Tank, Tank Size Unknown
- Lot Description:
- Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Main
- Street Number:
- 163
- Floor Number:
- 0
- Longitude:
- W73° 33′ 51.8”
- Latitude:
- N41° 23′ 9.8”
MLS Addon
- Office Name:
- VC Property Group, LLC
- Agent Name:
- Connor Wenchell
- List Agent MLSID:
- 843821
- List Office MLSID:
- 13981
- Tax Year:
- July 2025-June 2026
- Directions:
- 163 Main Street, Deep River 59 Maple Street, Chester
- Elementary School:
- Deep River
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 962381
- Property Tax:
- $10,593
- Zoning:
- VCD
Multi-family For Sale
163 Main, Deep River, 06417
11 Bedrooms
10 Bathrooms
8,500 Sqft
$2,100,000
Listing ID #24170538
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24170538
- Price :
- $2,100,000
- Bedrooms :
- 11
- Baths Total :
- 12
- Bathrooms :
- 10
- Half Bathrooms :
- 2
- Square Footage :
- 8,500 Sqft
- Year Built :
- 1850
- Lot Area :
- 0.07 Acre
- City:
- Deep River
- Zipcode:
- 06417
- Property Sub Type :
- 5 Family+
- Style :
- Units on different Floors,Units are Side-by-Side
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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