multifamily
4,184 SF 5 Family+
163-165 Main Street
Deep River, Connecticut 06417
Price
$825,000
Price/SF
$197.18/SF
Building Size
4,184 SF
Lot Size
0.07 acres
Year Built
1850
Units
5
Property Description
Rare mixed-use investment opportunity located in the heart of desirable Deep River Village. Positioned directly on Main Street, this 5-unit asset offers a strong blend of residential and commercial income within one of the Connecticut shoreline region's most sought-after rental and retail markets. The property consists of 3 residential apartments and 2 commercial storefronts occupied by long-term local tenants, providing stable in-place cash flow with additional upside through lease-up and rent optimization. Deep River continues to experience strong demand driven by its walkable downtown, restaurant scene, boutique retail presence, and proximity to the Connecticut River and shoreline communities. The residential units offer continued rental growth potential in a market with historically limited housing inventory, while the commercial spaces benefit from Main Street visibility and an established small-business environment. The property presents a compelling opportunity for investors seeking a stabilized mixed-use asset with value-add characteristics in a highly desirable shoreline-adjacent location. Projected stabilized income supports significant upside from current operations through continued lease-up strategy and operational optimization. Additionally, recent zoning updates may allow for the addition of residential unit(s) on the 3rd floor, creating a unique future expansion opportunity.
Additional Details
Zoning
VCD
MLS Number
24178835
Property ID
7fb62702-788a-4564-b9b9-bcc10f013be7
MLS Information
MLS#: 24178835
Listed by: VC Property Group, LLC
Agent: Connor Wenchell • (860) 343-7800 • leads@vcpropertygrp.com
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