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.
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. 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.
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.
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.
