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Four-Unit Short-Term Rental Property
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 Market139

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 Bathroom 4, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 3
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: Oct 12 Last Checked: Oct 16 at 10:06AM
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.

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Investment Insights

Based on property information with market context.

The 3,669-square-foot property contains four separate accommodations: a two-story penthouse with a chef’s kitchen, three bedrooms, two full bathrooms, and two private decks, plus three furnished studio suites on the first floor. Central air, zoned heating, security cameras, and smart access serve the building, which also generates solar power. The site measures 0.17 acres and includes 10 on-site parking spaces.

Located in Mystic, the property is within walking distance of the Amtrak station and downtown dining, shops, and the historic drawbridge. Historic Stonington and the Rhode Island border are also nearby. Public water and public sewer serve the property.

Key Highlights

  • Four accommodations: a two‑story penthouse and three first‑floor studio suites
  • 3,669 square feet on a 0.17‑acre site
  • Penthouse includes 3 bedrooms, 2 full bathrooms, and two private decks

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop Garden Center Electrical Service Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - A two-level penthouse and furnished ground-floor studios provide distinct rental configurations in the LS-5 zone.
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: Four accommodations: a two‑story penthouse and three first‑floor studio suites; 3,669 square feet on a 0.17‑acre site; Penthouse includes 3 bedrooms, 2 full bathrooms, and two private decks
More about this property
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