Multi-Family For Sale · 5 Family+
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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.
Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102
Estimate only. Contact a lender for accurate figures.
Anthony Velez · (860) 300-3102
VC Property Group, LLC · (860) 300-3102
MLS# 24158639 · Data provided by SmartMLS. Information deemed reliable but not guaranteed. Listing updated Mar 21, 2026 10:40 PM UTC
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87 Main Street, Deep River CT, 06417
$1,350,000 • Active
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