156 Main St Deep River, CT 06417
Estimated payment $4,853/month
About This Home
This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. Inside the past 5 years the owner has replaced the entire roof, upgraded the electrical service and replaced all of the furnaces. Upon leasing up the existing units along with the 800sqft space in the rear of the building, this property will appraise north of $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,515
Year Built
- Built in 1924
Lot Details
- 8,712 Sq Ft Lot
Home Design
- Side-by-Side
- Flat Roof Shape
- Stone Foundation
- Frame Construction
- Flat Tile Roof
- Shingle Siding
Interior Spaces
- 2 Bathrooms
- 5,460 Sq Ft Home
- Partial Basement
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Exclusions: Tenant fixtures in the pizza shop.
- Assessor Parcel Number 962262
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,111 | $322,210 | $100,870 | $221,340 |
| 2023 | $9,628 | $322,210 | $100,870 | $221,340 |
| 2022 | $9,338 | $322,210 | $100,870 | $221,340 |
| 2021 | $9,531 | $322,210 | $100,870 | $221,340 |
| 2020 | $10,436 | $347,970 | $123,340 | $224,630 |
| 2019 | $10,237 | $347,970 | $123,340 | $224,630 |
| 2018 | $10,237 | $347,970 | $123,340 | $224,630 |
| 2017 | $10,063 | $347,970 | $123,340 | $224,630 |
| 2016 | $9,489 | $344,680 | $123,340 | $221,340 |
| 2015 | $8,569 | $326,060 | $123,410 | $202,650 |
| 2014 | $8,265 | $319,340 | $123,410 | $195,930 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Price Changed | $750,000 | -6.3% | $137 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $800,000 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $160,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $25,000 | Commercial | |
| Previous Owner | $140,000 | Commercial | |
| Previous Owner | $108,000 | Commercial | |
| Previous Owner | $190,500 | Commercial |
Source: SmartMLS
MLS Number: 24095526
APN: DEEP-000057-000000-000015
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