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Short-Term Rental Property with Penthouse
For Sale
$2,550,000

44 Williams Avenue, Stonington, CT 06355

Multi-Family For Sale, Units on different Floors,Units are Side-by-Side, Stonington, CT

Property Size3,669 SF
Lot Size0.17 Acres
Price / SF$695.01
Days on Market94

Property Features for 44 Williams Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LS-5
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking 10
Lot features Corner Lot, City Views, Level Lot
Elementary school Deans Mill
High school Stonington
Directions Pull into the back parking lot and park there.
Subdivision Mystic
Standard status Active
Size 3,669 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 28714

Utilities

Sewer type Public Sewer
Heating system Zoned
Cooling system Central Air
Water source Public

Amenities

comprehensive security
integrated cameras
smart access
solar power generation

Building Details

Year built 1940
Architectural style Other
Listing Agency: Serhant Connecticut, LLC
Listed By: Jonathan Shockley
Added: May 31 Changed: Aug 30 Last Checked: Sep 1 at 5:06AM
MLS# 24179342

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.

This updated multi-unit property contains 3,669 square feet on a 0.17-acre lot. The upper level is configured as a two-story penthouse with 3 bedrooms, 2 full bathrooms, a chef’s kitchen, premium appliances, and 2 private decks. Three furnished studio suites occupy the first floor, each with defined living areas and private baths. Zoned LS-5, the building includes central air, zoned heating, public water, and public sewer.

The property is within walking distance of the Amtrak station and downtown Mystic, including its dining, shopping, and historic drawbridge. Historic Stonington and the Rhode Island border are also nearby, with rail service connecting the area to New York City, Boston, and Fairfield County.

Security cameras, smart-entry technology, and solar power generation are installed throughout the property. Ten on-site parking spaces provide dedicated parking for the building.

Key Highlights

  • 3,669‑square‑foot multi‑unit building on a 0.17‑acre lot
  • Two‑story penthouse with 3 bedrooms, 2 full bathrooms, chef’s kitchen, and 2 private decks
  • Three furnished first‑floor studio suites with private baths

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Pharmacy Building Supply HVAC Service Hair Salon Grocery & Convenience Store

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby

Demographics for 06355, CT

12,835
Population
6,099
Households
2.1
Avg Household Size
52
Median Age
58%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
904
Density / Sq Mi
$132,367
Median Household Income
$63,321
Median Earnings
$1,722
Median Rent
$416,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Short term rental property - Updated multi-unit building with a luxury upper-level residence, furnished studios, smart access, solar generation, and on-site parking.
Where is this short term rental property located?
The property is located at 44 Williams Avenue Stonington, CT.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 3,669‑square‑foot multi‑unit building on a 0.17‑acre lot; Two‑story penthouse with 3 bedrooms, 2 full bathrooms, chef’s kitchen, and 2 private decks; Three furnished first‑floor studio suites with private baths
More about this property
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