163-165 Main St Deep River, CT 06417
Property details
About 163-165 Main St
EXCITING NEWS, ARV has increased to $1.7 MILLION!!! We met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into rentable living space. The town needs about 30 days from application and submission of site plans to review the addition for approval. Pre-existing zoning regulations have been adjusted allowing the semi-finished third floor to be converted into a livable penthouse suite, and these revisions took effect on April 17, 2025. What's so great about this, is that we can now broker bridge financing that cuts the required down payment in HALF, for a total estimated Cash to Close of $230k. The beautiful new Penthouse suite will generate an additional $3,750 per month in rental income, pushing the ARV to $1.7 MILLION. This is a once in a life-time opportunity to purchase a Class B asset with very little down and potentially TAKE ALL OF YOUR CASH OUT OF THE DEAL upon closing the back end refinance, not to mention the 19% yearly return. DO NOT MISS OUT ON THIS EXTRAORDINARY OPPORTUNITY.
Highlights
Virtual tour
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: None
- Architectural Style: Other
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $985,000
- Price/SqFt: $235
- Lot: Corner Lot, Level, Historic
- Directions: Park anywhere in downtown Deep River. Very walkable location!
- Year Built: 1850
- Living Area: 4,184 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 24077841
- Office Name: VC Property Group, LLC
- Office Phone: (860) 519-3800
- Office Email: Connor@vcpropertygrp.com
- Listing Agent: Connor Wenchell
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Last updated on: 5/29/2025, 11:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$985,000
163-165 Main St
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Price information
Property sales
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Nearby schools
4
Lewin G. Joel Jr. School
Public District PK-4
2.2 mi
•137A Glenwood Rd
6
Kathleen E. Goodwin School
Public District PK-6
6.7 mi
•80 Old Boston Post Rd
7
Essex Elementary School
Public District PK-6
7.1 mi
•108 Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,774. Residents of Deep River, CT typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Extreme Sports
Figure Skating
Where do the neighbors shop?
Stein Mart
Academy Sports & Outdoors
Kmart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Dominos Pizza
What do the neighbors drive?
Lincoln
Chevrolet
Buick
What do the neighbors listen to?
News/Talk/Information
Country
Oldies
This home is located at 163-165 Main St in Deep River, CT and zip code 06413. This 4,184 square foot home, which was built in 1850, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 3, 2025 and is currently priced at $985,000.
In April 2025 more than 0 listings in Deep River, CT were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below. The number of homes for sale in Deep River, CT decreased by 18.2% between March and April 2025.