502 East Main Street, Norwich, CT 06360
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
502 East Main Street,Norwich, CT 06360
$725,000
- 12 Beds
- 4 Baths
- 3,724 sq. ft.
- Multi-family
- Active
Listed by: james kelly, ernest tollja(860) 550-0295
Office: william raveis real estate(860) 886-1386
MLS#:24190644
Source:CT
Price summary
- Price:$725,000
- Price per sq. ft.:$194.68
About this home
**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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Home facts
- Year built:1860
- Listing ID #:24190644
- Added:66 day(s) ago
- Updated:November 07, 2026 at 01:04 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:24
- Basement Description:Partial, Unfinished
- Living area:3,724 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1860
- Building area:3,724 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Sloping Lot
- Construction Materials:Vinyl Siding
- Exterior Features:Sidewalk
Schools
- High school:Norwich Free Academy
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
- Sewer:Public Sewer Connected
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$194.68
- Tax amount:$6,625 (July 2026-June 2027)
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