Historic 11-Unit Mixed-Use
For Sale
$4,250,000
117 Water Street, Stonington, CT 06378
Multi-Family For Sale, Units on different Floors, Stonington, CT
Property Size12,145 SF
Lot Size0.12 Acres
Price / SF$349.94
Days on Market234
Property Features for 117 Water Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PC
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 8, Basement, Bedroom 9, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 2, Bathroom 7, Bedroom 6, Bedroom 10, Bedroom 2, Bathroom 5
Parking
3
Exterior features
Sidewalk,Awnings,Gutters,Lighting
Basement
Partial, Full
Lot features
Corner Lot, Level Lot, Historic District, Water View
Elementary school
Per Board of Ed
High school
Stonington
Directions
Water Street to Church Street. Properties on left at corner.
Subdivision
Stonington Village
Standard status
Active
Size
12,145 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
20198
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s), Window Unit(s)
Water source
Public
Amenities
fully applianced kitchen
dishwasher
private laundry
Building Details
Year built
1850
Architectural style
Other
Listing Agency:
Lori Hopkins-Cavanagh Broker
(860) 443-4976
Listed By:
Lori Hopkins-Cavanagh
(860) 449-2007
Added: Jan 14
Changed: Sep 3
Last Checked: Sep 5 at 1:06PM
MLS# 24148701
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1850, this 12,145-square-foot mixed-use property contains seven residential suites and four commercial suites on a 0.12-acre parcel. The occupied residential units include renovated interiors, fully equipped kitchens with dishwashers, and private laundry facilities. Commercial spaces feature separate sidewalk-level entrances and glass bay storefronts. The property is zoned PC and served by public water and public sewer, with baseboard heating and wall or window unit cooling.
Additional features include an unfinished walk-up attic with water views across the tri-state area, plus a garage and driveway currently used by the landlord. Exterior improvements include sidewalks, awnings, gutters, and lighting. Located on Water Street in Stonington Borough, the property is within a setting of colonial and Victorian homes, cobblestone and slate sidewalks, and access to Long Island Sound and Napatree Point. The reported cap rate is 7.21.
Additional features include an unfinished walk-up attic with water views across the tri-state area, plus a garage and driveway currently used by the landlord. Exterior improvements include sidewalks, awnings, gutters, and lighting. Located on Water Street in Stonington Borough, the property is within a setting of colonial and Victorian homes, cobblestone and slate sidewalks, and access to Long Island Sound and Napatree Point. The reported cap rate is 7.21.
Key Highlights
- 11‑unit mixed‑use property with seven residential and four commercial suites
- 12,145 square feet on a 0.12‑acre parcel
- Residential suites include renovated interiors, full kitchens, dishwashers, and private laundry
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 06378, CT
5,318
Population
3,144
Households
1.7
Avg Household Size
54
Median Age
59%
College-Educated
99%
High-School Grad
20.9 sq mi
ZIP Area
254
Density / Sq Mi
$126,014
Median Household Income
$57,463
Median Earnings
$1,720
Median Rent
$576,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated residential suites accompany four commercial storefronts in Stonington Borough’s village district.
Where is this mixed-use property located?
The property is located at 117 Water Street Stonington, CT.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 11‑unit mixed‑use property with seven residential and four commercial suites; 12,145 square feet on a 0.12‑acre parcel; Residential suites include renovated interiors, full kitchens, dishwashers, and private laundry
