CONTINGENT

Contingent

$1,995,000

Est. $12,422/mo —

•

8,500

sq ft

59-65 Maple St, Chester, CT 06412

About this home

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.

Multi-familyProperty Type

1975Year Built

2.56 acresLot Size

$235Price/Sq.Ft.

1 garage spacesParking

Listed by Connor Wenchell • VC Property Group, LLC

Listed by Anthony Velez • VC Property Group, LLC

Contact: Agent Attribution Contact: (860) 343-7800 | Office Attribution Contact: (860) 300-3102

Source:Smart MLS #24170551

Payment calculator

$12,422 per month

Principal and interest$10,753

Property taxes

$1,037

HOA dues

Home insurance

$632

Utilities

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Affordability tools

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 10AM TO 1PM
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8 Stonewall Dr, Killingworth, CT 06419
OPEN SAT, 11AM TO 1PM
$675,000
3 beds3 baths2,138 sq ft
343 Horse Pond Rd, Madison, CT 06443
OPEN SAT, 11AM TO 1PM
$1,195,000
4 beds2.5 baths3,368 sq ft
31 Book Hill Rd, Essex, CT 06426
OPEN SAT, 2PM TO 4PM
$1,028,000
4 beds3 baths3,360 sq ft
131 Opening Hill Rd, Madison, CT 06443
OPEN SAT, 2PM TO 3:30PMVIDEO TOUR
$899,000
4 beds2 baths1,722 sq ft
144 Shore Rd, Clinton, CT 06413
OPEN SUN, 10AM TO 12PM
$899,000
4 beds2.5 baths3,170 sq ft
42 Concord Dr, Madison, CT 06443
OPEN SUN, 11AM TO 1PM3D WALKTHROUGH
$1,690,000
4 beds4.5 baths5,418 sq ft
30-1 Lords Meadow Ln, Old Lyme, CT 06371
OPEN SUN, 1PM TO 3PM
$750,000
3 beds3.5 baths2,354 sq ft
628 Route 148, Killingworth, CT 06419
OPEN SUN, 1:30PM TO 3PM
$1,080,000
2 beds2.5 baths2,208 sq ft
15 Cambridge Dr #15, Madison, CT 06443
OPEN OCT 3, 10AM TO 12PM
$379,900
2 beds1 bath1,188 sq ft
142 Crystal Lake Rd, Middletown, CT 06457

Around this home

Schools

K - 12
Preschool & daycare

Chester Elementary School

Public PreK-6 • Assigned • 0.7mi

7/10

John Winthrop Middle School

Public 7-8 • Assigned • 2.2mi

4/10

Valley Regional High School

Public 9-12 • Assigned • 1.8mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Full basement
34 total rooms
Multi-family building with 13 units

Bedrooms
11 total bedrooms

Bathrooms
10 full bathrooms
2 half bathrooms

Heating & cooling
Baseboard heating
Electric hot water

Sale and tax history for 59-65 Maple St

Sale History
Tax History

Public record

Beds

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Baths

—

Stories

—

Lot width

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Lot depth

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Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Middlesex County

APN

999999999

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 14, 2023.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 93° expected this year, 17 days in 30 years

6/10 Wind Factor

72% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Chester, CT • 06412

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

92/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Chester. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 59-65 Maple St

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Details provided by Smart MLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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