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MLS 24190644 For Sale Updated September 3, 2026
502 East Main Street

Norwich, Connecticut 06360

$725,000
On market 1 day
502 East Main Street
1 / 38

About This Property

**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.

Property Details

Interior

Heat
Baseboard — Natural Gas
Cooling
None
Basement
Partial,Unfinished

Exterior & Lot

Roof
Asphalt Shingle
Construction
Construction
Exterior Features
Sidewalk
Lot Description
Sloping Lot

Utilities & Systems

Water Source
Public Water Connected
Sewer
Public Sewer Connected
Energy Features
Storm Doors Thermopane Windows

Community & Schools

Elementary
Per Board of Ed
High
Norwich Free Academy

502 East Main Street

Norwich , Connecticut 06360

$725,000

On market 1 day

Beds
12
Baths
4
SqFt
3,724
Type
Multi-Family
County New London
Garage 0
Rooms -
Lot Size 0.11 Acres
Property Tax $6,625
Assessed Value $194,000
Year Built 1860
Style Units on different Floors,Other
Zoning MF

Payment Estimate

30-year fixed. Includes taxes; estimates only.

Estimated Monthly Payment
Open the full mortgage calculator →

Property Map

Map location is based on the property address.

Listing information is deemed reliable but not guaranteed and is sourced from the local MLS feed. Brokerage shown: RAVEIS00.

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