502 East Main Street Norwich, CT $ 725,000
502 East Main Street
$ 725,000
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502 East Main Street

Norwich, CT, 06360
$ 725,000
Bedrooms12 Baths4.0 Sq 3,724

Monthly Estimate*

$ 4,578

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Multi-Family Home for sale in Norwich, CT

for $725,000 with 12 bedrooms and 4 full baths. This 3,724 square foot home was built in 1860 on a lot size of 0.11.

**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7,500 per month, or $90,000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.

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Multi-Family Active

Price

$ 725,000

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,625

Style

Lot Size

0.11

Year Built

1860

Town/City

Norwich

MLS | Web ID

24190644

Features
General
Zoning MF
Neighborhood N/A
County New London
Tax Year July 2026-June 2027
Property Type Multi-Family For Sale
Status Active
Acres 0.11
Directions GPS Friendly
High School Norwich Free Academy
City Norwich
Elementary School Per Board of Ed
Sq Ft Total 3724
DOM 0
Year Built 1860
Style Units on different Floors Other
Year Built Source Public Records
Net Operating Income 78000
Energy Features Storm Doors Thermopane Windows
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Interior
Cooling System None
Total Number of Units 4
Total Rooms 24
Basement Description Partial Unfinished
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Exterior
Water Source Public Water Connected
Lot Description Sloping Lot
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* Excluded Features
List By
James Kelly

Listing Agent

William Raveis Real Estate

Broker

jay.kelly@raveis.com

Email

Affordability Calculator

$5,130
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,578
Monthly Property Taxes
$552
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2059713 Elementary School
1186817 Middle School
Norwich Free Academy High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$725,000 Listed Price

Map


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502 East Main Street, Norwich, CT, 06360 is a Multi-Family Home for sale at $725,000 with 3,724 sqft and a lot size of 0.11. 502 East Main Street has 12 bedrooms, 4.0 baths, and was built in 1860. The property's zip code is 06360 which is in Norwich, CT