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For sale
  • Price cut: $50K (7/7)
    $750,000

    156 Main Street, Deep River, CT 06417

    --beds
    5,460sqft
    : 
    Multi Family
    Built in 1924
    -- sqft lot
    $-- Zestimate®
    $137/sqft
    $-- HOA

    What's special

    This is a rare opportunity to acquire a fully stabilized retail asset in Downtown Deep River. Additional income generation is possible by monetizing 800sqft of unrented commercial space. Inside the past 5 years the owner has replaced the entire roof, upgraded the electrical service and replaced all of the furnaces. Upon leasing up the existing units along with the 800sqft space in the rear of the building, this property will appraise north of $1.2M. What this means for a potential buyer, is that through an all cash or bridge acquisition, they will be able to pull out 100% of their investment upon refinancing during the 12-24 month lease up period. The income analysis, location, walkability, and quintessential New England charm of downtown Deep River are all important considerations for buyers seeking a dream location for their small business. For non owner-operator investors the deal will provide stable returns and ease of management.
    83 days
    on Zillow
    |
    303
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 27, 2025 at 12:01am

    Listed by:

    Connor T. Wenchell,

    VC Property Group, LLC

    Source: Smart MLS,MLS#: 24095526MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 156 Main Street.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Water Heater
    Features
    • Basement: Partial
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 5,460
    • Total interior livable area: 5,460 sqft
    • Finished area above ground: 5,460

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 8,712 Square Feet
    • Features: Corner Lot, Sloped
    Details
    • Parcel number: 962262
    • Zoning: VCD

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Shingle Siding
    • Foundation: Stone
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Deep River

    Financial & listing details

    • Price per square foot: $137/sqft
    • Tax assessed value: $328,790
    • Annual tax amount: $10,515
    • Date on market: 5/13/2025
    • Exclusions: Tenant fixtures in the pizza shop.
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