$2,750,000
$240K PRICE DROP

Estimated payment $16,249/month

Total Views 30,996
12 Beds
8 Baths
6,811 Sq Ft
$404 Price per Sq Ft

Highlights

  • City View
  • Attic
  • Zoned Heating
  • Stonington Middle School Rated A-
  • Tankless Water Heater
  • Property is near shops

About This Home

Welcome to this unique investment opportunity featuring two separate homes on a single lot, offering a total of FIVE units all fully occupied bringing in a total of $14,500 monthly. This property offers a large off street parking lot in the very desired neighborhood of Mystic. Just a four minute walk to downtown! The two units in the rear have been completely reconstructed with modern finishes and quality craftsmanship throughout. Each unit offers 2 spacious bedrooms, custom closets throughout, stunning bathrooms, and contemporary open-concept living areas. Everything is brand new-from the flooring, walls, electrical, plumbing, Anderson windows, spray foam insulation, AZEK exterior trim, roof, vinyl shake siding and fixtures to the kitchens and bathrooms. The front building showcases its historic charm while offering three well-maintained units. Unit one has two beds, one bath. Unit two has three beds, one bath with a private balcony over looking the street. Unit three has two beds, one bath. Each unit provides its own unique appeal, combining comfort and character. Whether you're looking to expand your real estate portfolio or occupy one unit and rent out the rest, this property offers versatility and income-generating potential in one of the area's most desirable neighborhoods.

Listing Agent

Erica Kelly

RE/MAX One License #RES.0827575 Listed on: 04/11/2025

RE/MAX One

Co-Listing Agent

Mirela Jakaj

RE/MAX One License #RES.0833356

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,167

Year Built

  • Built in 1890

Lot Details

  • 0.34 Acre Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding
  • Vinyl Siding

Interior Spaces

  • 6,811 Sq Ft Home
  • City Views
  • Basement Fills Entire Space Under The House
  • Walkup Attic

Bedrooms and Bathrooms

  • 12 Bedrooms

Location

  • Property is near shops
  • Property is near a golf course

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Heat Pump System
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Tankless Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 5 Units
  • Gross Income $174,000

Listing and Financial Details

  • Assessor Parcel Number 2077232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,167

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Neighborhood: Mystic
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side, 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 6811
  • Total Sq Ft: 6811
  • Year Built: 1890
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Health Club, Library, Playground/Tot Lot, Shopping/Mall
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: GPS friendly.
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Attic Description: Walk-up
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 56-58
  • Other SqFt Description: 6,811 livable SQFT.

Exterior Features

  • Exterior Siding: Shake, Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Heat Pump, Wall Unit
  • Heat Type: Hot Air, Steam, Zoned
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.34
  • Lot Description: City Views
  • Zoning: RH-10
  • Parcel #: 2077232

Multi Family

  • Gross Annual Income: 174000
  • Net Operating Income: 145303
  • Total Number Of Units: 5

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 19167
  • Total Assessed Value: 959300
  • Mil Rate Total: 19.98

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2025 07/13/25 Price Changed $2,750,000 -7.4% $404 / Sq Ft
06/23/2025 06/23/25 Price Changed $2,970,000 -0.3% $436 / Sq Ft
05/24/2025 05/24/25 Price Changed $2,980,000 -0.3% $438 / Sq Ft
04/11/2025 04/11/25 For Sale $2,990,000 -- $439 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24087214

SmartMLS