163-165 Main Street, Deep River, CT 06417 (MLS # 24178835)

Price $825,000
Status Active
Beds 6
Baths 3 Baths
Home size 4,184 sqft
Lot Size 3,050 sqft
Days on Market 31
Rare mixed-use investment opportunity located in the heart of desirable Deep River Village. Positioned directly on Main Street, this 5-unit asset offers a strong blend of residential and commercial income within one of the Connecticut shoreline region's most sought-after rental and retail markets. The property consists of 3 residential apartments and 2 commercial storefronts occupied by long-term local tenants, providing stable in-place cash flow with additional upside through lease-up and rent optimization. Deep River continues to experience strong demand driven by its walkable downtown, restaurant scene, boutique retail presence, and proximity to the Connecticut River and shoreline communities. The residential units offer continued rental growth potential in a market with historically limited housing inventory, while the commercial spaces benefit from Main Street visibility and an established small-business environment. The property presents a compelling opportunity for investors seeking a stabilized mixed-use asset with value-add characteristics in a highly desirable shoreline-adjacent location. Projected stabilized income supports significant upside from current operations through continued lease-up strategy and operational optimization. Additionally, recent zoning updates may allow for the addition of residential unit(s) on the 3rd floor, creating a unique future expansion opportunity.
Property Type(s): Multi Family
Last Updated 5/28/2026 Year Built 1850
County Middlesex

SCHOOLS

Elementary School Deep River
High School Per Board of Ed

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
BASEMENT Full, Yes
CONSTRUCTION Aluminum Siding, Frame
HEAT Forced Air, Oil, Propane
LOT 3049 sq ft
LOT DESCRIPTION Corner Lot, Level
SEWER Public Sewer
STYLE Other, Units on different Floors
TAXES 10593
WATER Public
ZONING VCD

Location

 

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