Mixed-Use Multifamily
59-65 Maple St Chester, CT 06412
59-65 Maple St, Chester, CT, 06412
$2,100,000
For Sale
$2,100,000
Fully occupied 12-unit portfolio featuring residential units plus commercial space and a warehouse component.
Property Size8,500 SF
Price / SF$247.06
Days on Market44
Property Features for 59-65 Maple St
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
VC Property Group, LLC
(203) 758-0264
Listed by
Connor Wenchell
Source
Davejonesrealty
Added: Jun 9 Updated: Jul 21 at 2:23PM Checked: Jul 21 at 2:23PM
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
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 $2,100,000.
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
