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.
Unique investment opportunity in the heart of Deep River. This property offers retail space directly on Main Street; a multi-family with 2 - 2 bedroom units with oil baseboard heat, 1 - 1 bedroom unit and 1 studio - both with electric heat; and a 3 bedroom Cape on Prospect Street with vinyl siding and oil baseboard heat. The Cape rents for $1400/month, and the retail space rents at $750/month. All are in good condition and ready for their next investor. Also available as commercial N10144863.
Year
Property tax
Land + Additions
Assessment*
2023
$11,205 (+3.1%)
$67,970 + $307,020
$374,990
2022
$10,867 (−2.0%)
$67,970 + $307,020
$374,990
2021
$11,092
$67,970 + $307,020
$374,990
Public record
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Lot size
0.44 Acres
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Style
Other
County
Middlesex County
APN
961929
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Last updated by owner on Jul 13, 2023.
Historical weather
Deep River, CT • 06417
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Redfin Estimate for 87 Main St
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