Six-Unit Short-Term Rental
For Sale
Contact for pricing
9 School Street, Stonington, CT 06355
Turnkey hospitality portfolio offering six guest accommodations across three separate buildings near Historic Downtown Mystic.
Property Size4,962 SF
Price / SF$705.36
Days on Market57
Property Features for 9 School Street
General Information
Standard status
Active
Size
4,962 SF
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
RH-10
Net Operating Income
$162,221
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Year Renovated
2021
Buildings
3
Units
6
Tenancy
Multi
Listing Agency:
William Pitt Sotheby's International Realty
(860) 536-5900
Listed By:
Jon Arruda · License #CT REB.0789221
Source:
Crexi
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 11 at 6:16AM
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 William Pitt Sotheby's International Realty
Investment Insights
Based on property information with market context.
This offering consists of a turnkey six-unit short-term rental portfolio presented as three separate, well-maintained buildings, totaling six guest accommodations. The properties are positioned as an established hospitality operation, with multiple units spread across the three-building configuration to support operational flexibility under new ownership.
The portfolio is located within walking distance of Historic Downtown Mystic, placing the guest accommodations close to key tourism and retail draws referenced in the offering. Nearby appeal includes waterfront attractions, acclaimed restaurants, boutique shopping, marinas, and entertainment venues, creating a stay-and-explore pattern for visiting guests.
For investors and operators looking for lodging-focused real estate, the three-building setup provides an alternative to a single-structure apartment model while keeping the asset centered on the short-term rental use case. Because financial and operational information is available, prospective buyers can review the business details alongside the physical portfolio when evaluating fit. The property is offered for sale as a hospitality acquisition in one of Connecticut’s noted coastal tourism markets.
The portfolio is located within walking distance of Historic Downtown Mystic, placing the guest accommodations close to key tourism and retail draws referenced in the offering. Nearby appeal includes waterfront attractions, acclaimed restaurants, boutique shopping, marinas, and entertainment venues, creating a stay-and-explore pattern for visiting guests.
For investors and operators looking for lodging-focused real estate, the three-building setup provides an alternative to a single-structure apartment model while keeping the asset centered on the short-term rental use case. Because financial and operational information is available, prospective buyers can review the business details alongside the physical portfolio when evaluating fit. The property is offered for sale as a hospitality acquisition in one of Connecticut’s noted coastal tourism markets.
Key Highlights
- Six‑unit short‑term rental portfolio across three separate buildings
- Six guest accommodations total for the hospitality operation
- Year built: 1950 (three‑building portfolio)
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turnkey hospitality portfolio offering six guest accommodations across three separate buildings near Historic Downtown Mystic.
Where is this short term rental property located?
The property is located at 9 School Street Stonington, CT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Six‑unit short‑term rental portfolio across three separate buildings; Six guest accommodations total for the hospitality operation; Year built: 1950 (three‑building portfolio)
