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12 Beds
4 Baths
3,724 sqft

$725,000

502 East Main Street, Norwich CT, 06360

Price per sqft$194.68
Built in1860
Property size3,724 sqft
Property typeMulti-family

Overview

Active

Listed Sep 1, 2026

Updated 2 days ago

**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.

$4,823/mo

Est. mortgage payment based on a $725,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
24190644

Interior Features

Bedrooms
12
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$6,625
Tax Frequency
Annually
MLS provider logo

Listed by James Kelly with William Raveis Real Estate (860) 550-0295

The IDX display contains information sourced from SmartMLS, Inc. as of 10/8/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/8/2026 at 4:34 AM UTC.

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