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New
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$2,100,000

For Sale

4 days ago

163 Main St, Deep River, CT

House

MLS® 24170538

11 Bed

12 Bath

4184 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4184 sqft
Garage 
Taxes $10,593
Days Active 3
Lot Size 
Approx. Age 1850
Avg. Price Per Sqft $501
MLS® Number 24170538

Property Address: 163 Main St, Deep River, CT, 06417-1759

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number24170538
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1850
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 27, 2026List Date
$2,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
163 Main St, Deep River, CT

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