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

Stonington, Connecticut 06355

ACTIVE$3,500,000

Reduced from $3,700,000

Beds
12
Baths
6
SqFt
4,962
Acres
0.31
Year Built
1910
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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Price Reduced

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

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

Property + 7 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: indicative defaults
$19,672

per 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

Homes with a close match in area, property type, and price.

Listed By

Melissa Guerrero

(860) 970-8274

William Pitt Sotheby's Int'l

(860) 777-1800

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.