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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
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…