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
$363,300 Zestimate®
$211/sqft
$-- HOA
What's special
Detached covered garageAmple storage optionsMill-village character of pawcatuckSeparate utilities
- 70 days |
- 2,004 |
- 91 |
Zillow last checked: 8 hours ago
Listing updated: November 08, 2025 at 03:40pm
Listed by:
Ashley Baillargeon (401)369-5714,
Century 21 North East 800-844-7653
Source: Smart MLS,MLS#: 24130213
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric, Oil
Cooling
- None
Appliances
- Included: Water Heater, Electric Water Heater
- Laundry: In Unit, In Basement, Common Area
Features
- Basement: Full,Unfinished,Shared Basement,Sump Pump,Storage Space,Hatchway Access,Concrete
- Attic: Heated,Storage,Finished,Walk-up
- Has fireplace: No
Interior area
- Total structure area: 1,755
- Total interior livable area: 1,755 sqft
- Finished area above ground: 1,755
Property
Parking
- Total spaces: 4
- Parking features: Detached, Covered, Paved, Off Street, Assigned
- Garage spaces: 1
Lot
- Size: 10,454.4 Square Feet
- Features: Few Trees, Historic District, In Flood Zone
Details
- Parcel number: 2075713
- Zoning: PV-5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pawcatuck
HOA
- Has HOA: No
Location
- Region: Pawcatuck
Financial & listing details
- Price per square foot: $211/sqft
- Tax assessed value: $184,800
- Annual tax amount: $3,674
- Date on market: 10/2/2025
Estimated market value
$363,300
$345,000 - $381,000
$2,424/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2025 | Listed for sale | $370,000+120.2%$211/sqft |
Source: | ||
| 3/18/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/1/2019 | Listing removed | $825 |
Source: Owner Report a problem | ||
| 6/28/2019 | Listed for rent | $825+10% |
Source: Owner Report a problem | ||
| 5/7/2018 | Listing removed | $750 |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,674 +4.4% | $184,800 |
| 2024 | $3,520 0% | $184,800 |
| 2023 | $3,521 +38.6% | $184,800 +86.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,472/mo
Principal & interest
$1830
Property taxes
$512
Home insurance
$130
Climate risks
Neighborhood: Pawcatuck
Nearby schools
GreatSchools rating
- 6/10West Vine Street SchoolGrades: PK-5Distance: 1 mi
- 6/10Stonington Middle SchoolGrades: 6-8Distance: 5.8 mi
- 7/10Stonington High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: West Vine
- High: Stonington
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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