Mixed-Use Multifamily
For Sale
$1,995,000
Pending
59-65 Maple St, Chester, CT 06412
Fully occupied 12-unit portfolio featuring residential units plus commercial space and a warehouse component.
Property Size8,500 SF
Days on Market89
Property Features for 59-65 Maple St
General Information
Standard status
Pending
Size
8,500 SF
Property subtype
Commercial
Zoning
PRD
Occupancy
100%
Additional Details
Cap Rate
8.37%
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$12,134
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
VC Property Group, LLC
(203) 758-0264
Listed By:
Connor Wenchell · License #RES.0818692
(860) 343-7800
Source:
Davejonesrealty
Added: Jun 9
Changed: Aug 18
Last Checked: Aug 17 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VC Property Group, LLC
Investment Insights
Based on property information with market context.
The package includes two properties: 59 Maple Street in Chester, a 7-unit multifamily asset with an additional approximately 1,500 SF commercial warehouse on 2.5+ acres, and 163 Main Street in Deep River, a 5-unit mixed-use property. The portfolio is described as fully occupied and generating approximately $210,000+ in current gross income.
The offering also notes potential for income growth, with upside to over $280,000 stabilized driven by residential and commercial rent growth. At stabilization, it targets approximately $175,748 NOI and an 8.37% cap rate, supported by a 1.58x DSCR. The remarks further indicate the possibility to develop the 3rd floor of 163 Main Street into additional units to support higher returns.
The offering also notes potential for income growth, with upside to over $280,000 stabilized driven by residential and commercial rent growth. At stabilization, it targets approximately $175,748 NOI and an 8.37% cap rate, supported by a 1.58x DSCR. The remarks further indicate the possibility to develop the 3rd floor of 163 Main Street into additional units to support higher returns.
Key Highlights
- Fully occupied 12‑unit mixed‑use/multifamily portfolio across Chester and Deep River
- 59 Maple Street (Chester): 7‑unit multifamily plus ~1,500 SF commercial warehouse on 2.5+ acres
- 163 Main Street (Deep River): 5‑unit mixed‑use property positioned at the gateway to the downtown retail corridor
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 06412, CT
3,749
Population
1,679
Households
2.2
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
16.1 sq mi
ZIP Area
233
Density / Sq Mi
$94,570
Median Household Income
$46,741
Median Earnings
$1,367
Median Rent
$404,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 12-unit portfolio featuring residential units plus commercial space and a warehouse component.
Where is this apartment building located?
The property is located at 59-65 Maple St Chester, CT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Fully occupied 12‑unit mixed‑use/multifamily portfolio across Chester and Deep River; 59 Maple Street (Chester): 7‑unit multifamily plus ~1,500 SF commercial warehouse on 2.5+ acres; 163 Main Street (Deep River): 5‑unit mixed‑use property positioned at the gateway to the downtown retail corridor
