Investors! Check out this multi-family property nestled between the seaside charm of Stonington Borough, the mill-village character of Pawcatuck, and a short trip to beaches in Westerly, RI. Comprising 2 units with flexible 1 and 2 bedroom layouts, this property combines steady cash flow with latent upside plus an enviable location that tenants will love. Just moments from the iconic Stonington Lighthouse Museum, Stonington Harbor, and the quaint boutiques, galleries, and cafes along Water Street. The Pawcatuck side provides its own character underscoring the area's rich industrial past. This building offers residents true walkability. Inside, each unit offers separate utilities, ample storage options, and appliances. The building itself is well-maintained and offers an additional selling feature with a detached covered garage. From here, commuter connections are seamless being just minutes from I-95. The area's increasing attractiveness gives this asset unique appeal in a competitive market. Offering a stable, cash-flowing platform with clear paths for rental growth and amenity enhancements, this property is more than a building - it's a lifestyle investment. For those who value location, walkability, and character, this is an opportunity that checks every box. Schedule a private showing and explore how this property can anchor your next portfolio move.
For sale
$370,000
77 Mechanic Street, Stonington, CT 06379
3beds
1,755sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$363,100 Zestimate®
$211/sqft
$-- HOA
What's special
Detached covered garageAmple storage optionsMill-village character of pawcatuckSeparate utilities
- 2 days |
- 820 |
- 26 |
Likely to sell faster than
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