NOMADEReal Estate

$3,500,000

Active

9 School (4 and 6 School Place)(Mystic) Street

Stonington, Connecticut, 06355 · New London County

12

Beds

6

Baths

4,962

Sq Ft

1910

Built

MLS # 24175981

Price / Sq Ft

$705

Property Type

Multi-Family For Sale

Lot Size

0.31

Class

Property

About This Property

Exceptional opportunity to acquire a thriving six-unit short-term rental portfolio in the heart of Mystic, Ct. Offered as three well-maintained buildings with six guest accommodations, this turnkey hospitality operation provides immediate income in one of New England's most desirable coastal destinations. Located within walking distance of Historic Downtown Mystic, the portfolio benefits from strong year-round demand driven by waterfront attractions, acclaimed restaurants, boutique shopping, marinas, entertainment venues, and a vibrant tourism economy. Guests enjoy convenient access to Mystic's most popular destinations, helping drive occupancy and repeat visitation. The portfolio includes six thoughtfully appointed accommodations across three separate buildings, creating multiple revenue streams and operational flexibility. The properties have been carefully maintained and are positioned for continued success under new ownership. Unlike traditional multifamily investments, this offering represents an established lodging business with immediate cash flow and future growth potential. The combination of location, scale, and guest appeal creates a rare opportunity to acquire a hospitality asset in one of Connecticut's premier tourism markets. Whether expanding an existing portfolio or entering the short-term rental industry, this unique Mystic offering delivers proven income, operational flexibility, and long-term value. Financial and operational information availabl

Property Details

9 School (4 and 6 School Place)(Mystic) Street, Stonington Connecticut 06355 — Multi-Family For Sale listed at $3,500,000.

At a Glance

12

Bedrooms

6

Bathrooms

4,962

Sq Ft

0.31

Lot Size

--

Garage

1910

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address9 School (4 and 6 School Place)(Mystic) Street
MLS Number24175981
Year Built1910
Square Footage4,962
Lot Size0.31
Bedrooms12
Bathrooms6
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value298400
Mil Rate Total21.32
Property Tax6362
Tax YearJuly 2026-June 2027

Property Features

Attic DescriptionUnfinished,Walk-up
Attic YN1
Basement DescriptionCrawl Space,Full,Full With Hatchway
Cooling SystemCentral Air
Driveway TypePrivate
Exterior SidingVinyl Siding
Foundation TypeConcrete
Fuel Tank LocationAbove Ground
Garage ParkingPaved,Off Street Parking,Driveway
Heat Fuel TypePropane
Heat TypeHot Air
Home AutomationThermostat(s)
Hot Water DescriptionDomestic
Laundry Room InfoAll Units Have Hook-Ups,Washer/Dryer All Units
Roof InformationAsphalt Shingle

Other Details

ColorWhite
Parcel Number2078259
Parking Total Spaces6
ZoningRH-10

All Photos (25)

MARKET CONTEXTStonington
Town Median+607% vs list
$495,000
Stonington, CT
Mill Rate
21.80
New London County
NYC Commute
150 min
door-to-door estimate
Schools
B+
1 graded
LOADING COMP CLOUD…

This listing is +607% vs the Stonington median. Verify against same-school-district comps before competing offers.

Contact Melissa Guerrero

Fill out the form below and we will respond promptly.

Affordability Calculator

$3,500,000

Down Payment$700,000
Loan Amount$2,800,000
Principal & Interest$17,698/mo
Property Tax$3,500/mo
Insurance$100/mo
Est. Monthly$21,298/mo

Listing Agent

M

Melissa Guerrero

William Pitt Sotheby's Int'l

Quick Facts

StatusActive
TypeMulti-Family For Sale
ClassProperty
MLS #24175981
Last Updated2026-08-24