Multi-Family For Sale · 5 Family+
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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.
Listed by Connor Wenchell (860) 343-7800 with VC Property Group, LLC (860) 300-3102
Estimate only. Contact a lender for accurate figures.
Connor Wenchell · (860) 343-7800
VC Property Group, LLC · (860) 300-3102
MLS# 24170538 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Apr 28, 2026 4:33 PM UTC
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$2,100,000
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163 Main Street, Deep River CT, 06417
$2,100,000 • Active
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