Exciting investment package in the heart of downtown Deep River! This rare offering includes two nicely renovated multifamily/mixed-use buildings plus a well-established laundromat business, all conveyed together in one sale. 170 Main Street sits on a beautiful corner lot and features a turnkey 5-unit multifamily property with a unit mix of (2) two-bedroom units and (3) one-bedroom units. All apartments have been remodeled, utilities are separate and tenant-paid, and the seller recently replaced all hot water heaters (2025)-providing hassle-free operation for years to come. Adjacent 168 Main Street is a turnkey mixed-use asset anchored by a busy laundromat on the first floor, with 3 apartments above: (2) two-bedroom units and (1) one-bedroom unit. This building also offers separate, tenant-paid utilities, and the owner just installed a new roof in 2025. A shared driveway leads to ample off-street parking behind both buildings with roughly 20 spaces. The laundromat includes ALL equipment. Both properties enjoy strong rental history with historically low vacancy, making this a stable, income-producing investment in one of the most charming downtown locations with quaint shops and inviting restaurants. Also a convenient location to highway access - Don't miss the opportunity to invest in this lovely small town on the CT River.
The walkability and quintessential New England charm of downtown Deep River is a big draw for buyers seeking a trophy property or a dream location for their small business. Built in 1850, this mixed-use gem has much to offer including two commercial tenants (Hally Jo's Corner Restaurant and the Anchor and Compass clothing store), three residential units on the second floor, and 1,200 square feet of semi-finished attic space. We recently met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into additional living space. An amendment to mixed-use zoning code took effect on April 17, 2025 making the build out a possibility. Given this tremendous change to zoning code, we can now broker bridge financing terms to pursue the build out up to 80% LTC for well qualified borrowers. This will cut the required down payment in half with proforma income supporting an ARV upwards of $1.5 Million.
A RARE GEM, WELCOME TO THIS RESTORED VICTORIAN TWO FAMILY HOME DESIGNED FOR EASY LIVING. COMPLETELY REMODELED, EACH UNIT HAS TWO BEDROOMS AND 1 BATH AS WELL NEW KITCHEN AND APPLIANCES. THE HOME ALSO OFFERS CITY WATER AND CITY SEWERS. DON'T MISS THIS OPPORTUNITY, THE HOME IS PERFECT FOR MULTIGENERATIONAL LIVING, OR AN INVESTMENT PROPERTY.
Deep River is located in Connecticut. Deep River, Connecticut has a population of 4,473. Deep River is more family-centric than the surrounding county with 34.05% of the households containing married families with children. The county average for households married with children is 27.85%.
The median household income in Deep River, Connecticut is $79,090. The median household income for the surrounding county is $90,833 compared to the national median of $69,021. The median age of people living in Deep River is 48.3 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 20.1 degrees. The average rainfall is approximately 49.1 inches per year, with 30 inches of snow per year.
