$1,350,000

87 Main St Deep River, CT 06417

Estimated payment $8,164/month

Total Views 89,780
7 Beds
6 Baths
3,787 Sq Ft
$356 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Valley Regional High School Rated A-
  • Level Lot

About This Home

VC Property Group is proud to present a two-parcel assemblage in Deep River, Connecticut, offering stabilized mixed-use income with residential value and land optionality. The assemblage includes: 87 Main Street - a parcel improved with: a Newer Construction Single Family Residence and a 5-unit mixed-use building (four residential apartments and one retail unit) 55 Prospect Street - a contiguous 0.3 acre vacant parcel. Located within the Lower Connecticut River Valley, the property benefits from proximity to the highly desirable river towns of Chester and Essex, markets known for limited inventory, strong residential demand, and vibrant historic village centers. Deep River captures demand spillover from buyers and renters priced out of these neighboring markets. The property is strategically located just 0.4 miles from Downtown Deep River and approximately 1 mile from Downtown Chester, providing convenient access to restaurants, boutique retail, and waterfront amenities. Together, the properties create a flexible investment opportunity combining current income with residential and land-based value creation. The adjacent lot may be reconfigured through a municipal lot line adjustment and combined with the single-family residence, supporting a potential standalone residential sale estimated around $750,000. Alternatively, the parcel may be retained for future single-family development.

Listing Agent

Anthony Velez

VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 03/09/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,992

Year Built

  • Built in 1850

Lot Details

  • 19,166 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 3,787 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 961929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,992

Year Built

Built in 1850

Lot Details

0.44 Acres

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3787
  • Total Sq Ft: 3787
  • Year Built: 1850
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: Call Agent
  • Street Type: Street
  • Office Attribution Contact: (860) 300-3102
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Basement Description: Full
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Upright Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.44
  • Lot Description: Level Lot
  • Zoning: VMU
  • Parcel #: 961929

Multi Family

  • Total Number Of Units: 5

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 11992

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

3D Interior and Exterior Tours

Floorplans

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,992 $374,990 $67,970 $307,020
2024 $11,767 $374,990 $67,970 $307,020
2023 $11,205 $374,990 $67,970 $307,020
2022 $10,867 $374,990 $67,970 $307,020
2021 $11,092 $374,990 $67,970 $307,020
2020 $11,149 $371,770 $81,620 $290,150
2019 $10,937 $371,770 $81,620 $290,150
2018 $10,937 $371,770 $81,620 $290,150
2017 $10,752 $371,770 $81,620 $290,150
2016 $10,235 $371,770 $81,620 $290,150
2015 $9,202 $350,140 $75,530 $274,610
2014 $9,062 $350,140 $75,530 $274,610
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/09/2026 03/09/26 For Sale $1,350,000 +203.4% $356 / Sq Ft
09/15/2016 09/15/16 Sold $445,000 -3.3% $118 / Sq Ft View Prior Sale
08/05/2016 08/05/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $460,000 -- $121 / Sq Ft
Source: SmartMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $445,000 --
Deed $128,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $125,000 Commercial
Closed $100,000 Commercial
Source: Public Records

About the Listing Agent

Anthony Velez

VC Property Group, LLC

(860) 579-1057

Section Image

Anthony's Other Listings

  • 40 Maple Grove Ave, Norwich, CT 06360

    $435,000

    • 4 Beds
    • 4 Baths
    • 2,543 Sq Ft
    • 40 Maple Grove Ave
    • Norwich, CT

    Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just

    Anthony Velez VC Property Group, LLC

    Section Image
  • 7 Broad St, Norwich, CT 06360

    $895,000

    • 10 Beds
    • 7 Baths
    • 5,069 Sq Ft
    • 7 Broad St
    • Norwich, CT

    Exceptional 7-unit multifamily investment opportunity located in one of New London County's most sought-after residential neighborhoods. Featuring a desirable mix of three 2-bedroom units, two 1-bedroom units, and two studio units, this property offers broad tenant appeal and strong in-place cash flow. Currently 100% occupied with two units recently leased at market rents, the asset benefits from

    Anthony Velez VC Property Group, LLC

    Section Image
  • 202 Broadway, Norwich, CT 06360

    $895,000

    • 8 Beds
    • 7 Baths
    • 3,861 Sq Ft
    • 202 Broadway
    • Norwich, CT

    VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current

    Anthony Velez VC Property Group, LLC

    Section Image
  • 102-104 Boswell Ave, Norwich, CT 06360

    $525,000 Pending

    • 10 Beds
    • 5 Baths
    • 4,885 Sq Ft
    • 102-104 Boswell Ave
    • Norwich, CT

    Turnkey 5-unit multifamily investment opportunity offering immediate cash flow and long-term appreciation potential. The property is currently generating over $77,000 in annual rental income and supports a projected stabilized NOI exceeding $51,000, equating to an estimated 9.81% cap rate and 15.28% projected return on investment. The building features a desirable unit mix, separately metered

    Anthony Velez VC Property Group, LLC

    Section Image
  • 681 N Main St, Norwich, CT 06360

    $465,000 Pending

    • 8 Beds
    • 4 Baths
    • 2,800 Sq Ft
    • 681 N Main St
    • Norwich, CT

    We are proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place 10 CAP with an 18% ROI, and 26% Proforma ROI. At stabilization, the asset achieves approximately $56,710 NOI and a 1.88x DSCR, offering strong yield with minimal execution risk. The property features a mix of tenant

    Anthony Velez VC Property Group, LLC

    Section Image
  • 37-39 S B St, Norwich, CT 06380

    $270,000 Pending

    • 6 Beds
    • 3 Baths
    • 2,318 Sq Ft
    • 37-39 S B St
    • Norwich, CT

    CASH ONLY !! Add-value 3-family investment opportunity located in Norwich, Connecticut. This property offers investors the rare ability to unlock significant upside through renovation, lease-up, and rent stabilization in a market with strong workforce housing demand. The property consists of one spacious 4-bedroom unit and two additional 1-bedroom units, creating a desirable unit mix that appeals

    Anthony Velez VC Property Group, LLC

    Section Image
  • 18-20 N A St, Norwich, CT 06380

    $280,000 Pending

    • 8 Beds
    • 4 Baths
    • 2,254 Sq Ft
    • 18-20 N A St
    • Norwich, CT

    CASH ONLY !! Fully vacant 4-family value-add opportunity located in Norwich, Connecticut. This property presents a rare chance for investors to renovate and lease from a clean slate without the challenges of existing tenants or phased turnover. The building consists of four 2-bedroom residential units with separate tenant-paid utilities, public water/sewer, and off-street parking. With strong

    Anthony Velez VC Property Group, LLC

    Section Image
  • 25 High St, Torrington, CT 06790

    $369,000 $20K PRICE DROP

    • 4 Beds
    • 2 Baths
    • 2,395 Sq Ft
    • 25 High St
    • Torrington, CT

    Open, Saturday 7/11 from 12-1pm !! Two-family property located in Torrington featuring separate tenant-paid utilities and off-street parking. Property will convey fully vacant at closing, providing flexibility for both investors and owner-occupants. Opportunity to renovate, lease at market rents, or occupy one unit while generating additional income from the second unit. With strong rental demand

    Anthony Velez VC Property Group, LLC

    Section Image
  • 26 Ferry Rd, Chester, CT 06412

    $600,000 Sold Jul 10, 2026

    • 4 Beds
    • 2 Baths
    • 8,382 Sq Ft
    • 26 Ferry Rd
    • Chester, CT

    Located in the Town of Chester, this residential 2 Family property presents a rare opportunity to acquire a multifamily property in one of Connecticut's most desirable markets. The property consists of two 2-bedroom residential apartments. The improvements are situated on over 2 acres of land. Waterhouse Brook flows directly through the site, creating a tranquil backdrop, while the property

    Anthony Velez VC Property Group, LLC

Source: SmartMLS

MLS Number: 24158639

SmartMLS

APN: DEEP-000056-000000-000113

Your Personal Tour Guide

Ask me questions while you tour the home.