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Renovated Duplex
For Sale
$550,000

1 Palmer Street, Stonington, CT 06379

Two refreshed units provide a practical multifamily configuration near regional shopping and transportation routes.

Property Size1,596 SF
Price / SF$344.61
Days on Market152

Property Features for 1 Palmer Street

General Information

Standard status Active
Size 1,596 SF
Property subtype Multi-Family / 2 Family
Zoning Per Town

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,159

Amenities

No
Baseboard
9
Window Unit
Not Applicable

Building Details

Year Built 1900
Listing Agency: Oxford Realty
Listed By: Shay Hugo Vaezzadeh · License #RES.0827220
Source: Compass
Added: Apr 2 Changed: Aug 30 Last Checked: Aug 30 at 6:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oxford Realty

Investment Insights

Based on property information with market context.

This duplex contains two residential units within a 1,596-square-foot property built in 1900. The interior has been renovated with updated finishes and modern flooring, while baseboard heating and window-unit cooling are provided. The configuration supports separate residential occupancy within one multifamily asset.

The property is located at 1 Palmer Street in Stonington, near downtown Westerly, shopping, restaurants, and major routes serving Connecticut and Rhode Island. Zoning is identified as Per Town.

Key Highlights

  • Two‑unit duplex with 1,596 square feet of property area
  • Renovated interiors with updated finishes and modern flooring
  • Built in 1900

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Tech Support Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

Demographics for 06379, CT

8,813
Population
4,216
Households
2.1
Avg Household Size
46
Median Age
41%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
722
Density / Sq Mi
$87,352
Median Household Income
$53,617
Median Earnings
$1,183
Median Rent
$364,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two refreshed units provide a practical multifamily configuration near regional shopping and transportation routes.
Where is this duplex located?
The property is located at 1 Palmer Street Stonington, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,596 square feet of property area; Renovated interiors with updated finishes and modern flooring; Built in 1900
More about this property
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