9 School (4 and 6 School Place)(Mystic) Street
Stonington, Connecticut 06355
Reduced from $3,700,000
- Beds
- 12
- Baths
- 6
- SqFt
- 4,962
- Acres
- 0.31
- Year Built
- 1910
- Neighborhood
- Mystic
- Property Type
- Multi-Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
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
Key Facts
- City/Town
- Stonington
- Neighborhood
- Mystic
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1910
- Days on Market
- 103 days
- Beds
- 12
- Baths
- 6 full
- Living Area
- 4,962 sq ft
- Lot Size
- 0.31 acres
- Garage / Parking
- 6 total
- Property Taxes
- $6,362 / Annually
Market Snapshot
The Stonington Market
Multi-Family · trailing 12 months
Active Listings
7
2 under contract
Median List Price
$3.50M
7 active listings
Median Closed Price
$600,000
18 sales
Median Days on Market
87
7 active listings
Median $ / Sq Ft
$482
7 active listings
Sale-to-List Ratio
96.6%
18 sales
How this home compares
List Price
$3.50M
vs $3.50M median
In line with median
Price / Sq Ft
$705
vs $482 median
46.3% above median
Days on Market
103 days
vs 87 days median
16 days longer than median
Based on 7 active and 18 closed sales (trailing 12 mo) of multi-family in Stonington. Source: SmartMLS · As of August 26, 2026.
Location
9 School (4 and 6 School Place)(Mystic) Street, Stonington, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: indicative defaultsper month
- Principal & Interest$17,975
- Property Taxes$530
- Insurance$1,167
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Stonington
- Neighborhood
- Mystic
- County
- New London
- Subdivision
- School Place Properties
Residence
- Property Type
- Multi-Family
- Subtype
- Other
- Style
- Units on different Floors
- Year Built
- 1910
- New Construction
- No/Resale
- Living Area
- 4,962 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- Propane
- Cooling
- Central Air
- Laundry
- All Units Have Hook-UpsWasher/Dryer All Units
- Basement
- Crawl SpaceFullFull With Hatchway
Exterior & Lot
- Lot Size
- 0.31 acres
- Zoning
- RH-10
- Garage / Parking
- 6 total parking spacesPavedOff Street ParkingDrivewayPrivate
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- White
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $6,362 / Annually
- Days on Market
- 103
- MLS #
- 24175981
- MLS Status
- Active
Similar Properties
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Co-Listed By
Jon Arruda
William Pitt Sotheby's Int'l
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/26/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 8/26/2026 at 9:02 PM UTC.