Mixed-Use Property with
For Sale
$3,950,000
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$325.24
Days on Market285
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 6, Bathroom 4, Bedroom 3, Bedroom 8, Bathroom 7, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 7, Bathroom 6, Basement, Bedroom 9, Bedroom 5, Bathroom 2, Bedroom 10, Bedroom 1
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
Additional Details
Tenant in Place
Yes
Mixed-Use Components
residential, commercial
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
20198
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall Unit(s)
Water source
Public
Amenities
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: Oct 25
Last Checked: Oct 26 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
At 117 Water Street, this 12,145-square-foot mixed-use property dates to 1850 and contains eleven suites: seven residential and four commercial. The occupied apartments have renovated interiors, kitchens with dishwashers, and private laundry. Commercial suites feature glass bay storefronts with entrances set off the sidewalk. The property also includes an unfinished walk-up attic, a garage, and a driveway on a 0.12-acre parcel.
Located in Stonington Borough, the building is zoned PC. Public water and sewer serve the property. Heating is provided by baseboard systems, with wall and window unit cooling. The stated cap rate is 7.21%.
Located in Stonington Borough, the building is zoned PC. Public water and sewer serve the property. Heating is provided by baseboard systems, with wall and window unit cooling. The stated cap rate is 7.21%.
Key Highlights
- 11 suites: 7 residential and 4 commercial
- 12,145 square feet on a 0.12‑acre parcel
- Four commercial suites with glass bay storefronts and off‑sidewalk entrances
Property Analytics
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Current Use
Lease Details
7
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven occupied apartments complement four commercial suites 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 $3,950,000.
What are key features of this property?
This property features: 11 suites: 7 residential and 4 commercial; 12,145 square feet on a 0.12‑acre parcel; Four commercial suites with glass bay storefronts and off‑sidewalk entrances
