163 Main St Deep River, CT 06417
Estimated payment $12,017/month
Highlights
- Attic
- Valley Regional High School Rated A-
- Corner Lot
About This Home
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 Agent
VC Property Group, LLC Brokerage Phone: (860) 343-7800 License #RES.0818692 Listed on: 04/27/2026
Co-Listing Agent
VC Property Group, LLC Brokerage Phone: (860) 343-7800 License #REB.0795536
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,593
Year Built
- Built in 1850
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
Home Design
- Side-by-Side
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
- Masonry
Interior Spaces
- 8,500 Sq Ft Home
- Basement Fills Entire Space Under The House
- Walkup Attic
Bedrooms and Bathrooms
- 11 Bedrooms
Schools
- Deep River Elementary School
Utilities
- Heating System Uses Oil
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 13 Units
Listing and Financial Details
- Assessor Parcel Number 962381
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 |
|---|---|---|---|---|
| 2025 | $10,593 | $331,240 | $80,920 | $250,320 |
| 2024 | $10,394 | $331,240 | $80,920 | $250,320 |
| 2023 | $9,897 | $331,240 | $80,920 | $250,320 |
| 2022 | $9,599 | $331,240 | $80,920 | $250,320 |
| 2021 | $9,798 | $331,240 | $80,920 | $250,320 |
| 2020 | $4,510 | $344,540 | $98,910 | $245,630 |
| 2019 | $10,136 | $344,540 | $98,910 | $245,630 |
| 2018 | $4,435 | $344,540 | $98,910 | $245,630 |
| 2017 | $4,326 | $344,540 | $98,910 | $245,630 |
| 2016 | $9,485 | $344,540 | $98,910 | $245,630 |
| 2015 | $8,302 | $315,910 | $107,100 | $208,810 |
| 2014 | $8,176 | $315,910 | $107,100 | $208,810 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $2,100,000 | 0.0% | $247 / Sq Ft |
| 03/10/2017 03/10/17 | Rented | $960 | +11.6% | -- |
| 02/05/2017 02/05/17 | Price Changed | $860 | -3.9% | $1 / Sq Ft |
| 01/12/2017 01/12/17 | For Rent | $895 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $197,500 | -- |
Source: SmartMLS
MLS Number: 24170538
APN: DEEP-000057-000000-000098
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