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For sale
  • $3,700,000

    9 School (4 and 6 School Place)(Mystic) Street, Stonington, CT 06355

    12beds
    4,962sqft
    : 
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    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $746/sqft
    $-- HOA

    What's special

    Six thoughtfully appointed accommodationsSix guest accommodationsThree well-maintained buildings
    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
    56 days
    |
    341
    |
    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Guerrero (860)970-8274,

    William Pitt Sotheby's Int'l 860-777-1800,

    Jon Arruda 860-574-5470,

    William Pitt Sotheby's Int'l

    Source: Smart MLS,MLS#: 24175981MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Forced Air, Propane
      Cooling
      • Central Air
      Appliances
      • Included: Water Heater
      • Laundry: In Unit
      Features
      • Smart Thermostat
      • Basement: Crawl Space,Full
      • Attic: Walk-up
      • Has fireplace: No
      Interior area
      • Total structure area: 4,962
      • Total interior livable area: 4,962 sqft
      • Finished area above ground: 4,962

      Property

      Parking
      • Total spaces: 6
      • Parking features: Paved, Off Street, Driveway, Private
      • Has uncovered spaces: Yes
      Lot
      • Size: 0.31 Acres
      Details
      • Parcel number: 2078259
      • Zoning: RH-10

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Units on different Floors
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Library, Near Public Transport, Shopping/Mall
      • Subdivision: School Place Properties
      HOA
      • Has HOA: No
      Location
      • Region: Mystic

      Financial & listing details

      • Price per square foot: $746/sqft
      • Tax assessed value: $884,000
      • Annual tax amount: $17,662
      • Date on market: 5/15/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/15/2026Listed for sale$3,700,000+289.5%$746/sqft
        Source: Smart MLS #24175981 Report a problem
        12/14/2022Sold$950,000+301.4%$191/sqft
        Source: Public Record Report a problem
        5/27/2020Sold$236,666$48/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,962 +4.6%$298,400
        2024$5,699 -0.6%$298,400
        2023$5,733 +43.3%$298,400 +89.3%
        2022$4,001 +19.2%$157,600 +19.8%
        2021$3,357 +1.6%$131,500
        2020$3,305 +0.1%$131,500
        2019$3,302 +2.7%$131,500
        2018$3,214 +9.7%$131,500 +11.3%
        2017$2,931 +2.7%$118,200
        2016$2,855 +4.4%$118,200
        2015$2,735 $118,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 06355

        Getting around

        66 / 100
        Somewhat Walkable
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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