56-58 E Main St Stonington, CT 06355
Mystic NeighborhoodEstimated payment $16,249/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 24087214

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