502 E Main Street, Norwich, CT 06360 (MLS # 24190644)

Price $725,000
Status Active
Beds 12
Baths 4 Baths
Home size 3,724 sqft
Lot Size 4,792 sqft
Days on Market 56
**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. One of the listing agents is also a member of the LLC that owns the property.
Property Type(s): Multi Family
Last Updated 9/1/2026 Year Built 1860
County New London

SCHOOLS

Elementary School Per Board of Ed
High School Norwich Free Academy

Additional Details

AIR None
BASEMENT Partial, Unfinished, Yes
CONSTRUCTION Frame, Vinyl Siding
HEAT Baseboard, Natural Gas
LOT 4792 sq ft
LOT DESCRIPTION Sloped
SEWER Public Sewer
STYLE Other, Units on different Floors
TAXES 6625
WATER Public
ZONING MF

Location

 

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Listing courtesy of William Raveis Real Estate
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