multifamily
87 Main Street
Deep River, Connecticut 6417
Price
$1,150,000
Price/SF
$157.53/SF
Building Size
7,300 SF
Lot Size
0.44 acres
Year Built
1850
Units
5
Property Description
VC Property Group is proud to present a rare two-parcel assemblage in Deep River, Connecticut, featuring a newer construction single-family residence, a five-unit mixed-use building with four residential apartments and one retail unit, and a contiguous 0.30-acre vacant parcel. Located in the highly desirable Lower Connecticut River Valley, the property is just 0.4 miles from Downtown Deep River and approximately 1 mile from Downtown Chester, providing convenient access to acclaimed restaurants, boutique shopping, marinas, and the region's historic village centers. Deep River continues to benefit from strong residential demand driven by limited housing inventory and spillover from neighboring Chester and Essex. The assemblage offers immediate cash flow with meaningful long-term upside, including the potential for a municipal lot line adjustment to combine the vacant parcel with the single-family residence, creating a premium residential asset, or to retain the parcel for future single-family development. Combining stabilized income, intrinsic residential value, and embedded development optionality, this offering presents a compelling investment opportunity in one of Connecticut's most desirable river communities.
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Additional Details
Zoning
VMU
MLS Number
24193614
Property ID
7b83538f-dc15-49e9-b872-434d363811a0
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MLS Information
MLS#: 24193614
Listed by: VC Property Group, LLC
Agent: Anthony Velez • (860) 300-3102 • leads@vcpropertygrp.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
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