This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

119 Water St
Stonington, CT 06378
Multifamily Property For Sale · 11 Units

INVESTMENT HIGHLIGHTS

  • Highly stabilized market, steady, long term income investment property with minimal risk. 4 Commercial 7 Residential units in the heart of Stonington.
  • Excellent rental history with upward income potential in all units and expansion into attic with multi million dollar tri-state views.
  • Across the street from swim dock and park, village parking lot, businesses and restaurants
  • 11 units in total - 7 residential and 4 retail
  • Low maintenance built to lot-line plot with small center courtyard and driveway providing off street parking for two cars plus a one car garage.
  • Walk to bank, beach, docks, social clubs, restaurants, shops, library, churches, parks and historic sites.

PROPERTY FACTS

Price $4,950,000
Cap Rate 6.05%
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 11,493 SF
Average Occupancy 100%
No. Stories 4
Year Built 1840
Parking Ratio 0.26/1,000 SF
Zoning PC - Stonington Borough, Village Business District

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Wi-Fi
  • Smoke Free
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Furnished Units Available
  • Gas Range
  • On-Site Retail
  • Smoke Free
  • Trash Pickup - Curbside
  • Vintage Building
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 4 - 305 - 774
1+1 4 - 350 - 750
2+1 3 - 700 - 1,500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
STON-000101-000018-000005
Land Assessment
$245,900
Improvements Assessment
$353,800
Total Assessment
$599,700
  • Listing ID: 35931531

  • Date on Market: 5/21/2025

  • Last Updated:

  • Address: 119 Water St, Stonington, CT 06378

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}