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502 East Main Street, Norwich, CT 06360

Multi-Family For Sale · 4 Family

$725,000
$195/sqft
502 East Main Street, Norwich, CT
Active
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12
Bedrooms
4
Bathrooms
3,724
Sq Ft
0.11
Acres
1860
Year Built

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.

Listed by James Kelly (860) 550-0295 with William Raveis Real Estate (860) 886-1386

Listing Snapshot

Price $725,000 Days on Our Site 14 days
Property Tax $6,625/yr Style Units on different Floors,Other
Year Built 1860 Total Sq Ft 3,724
Lot Size 0.11 acres HOA Fees N/A
Bedrooms 12 Full Bathrooms 4
Total Rooms 24 Half Baths 0

Key Features

Outdoor
  • Sidewalk

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Baseboard
Fuel Natural Gas
Cooling None
Hot Water Domestic
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Norwich Free Academy

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $552/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 1, 2026 Listed $725,000

Frequently Asked Questions

How much does 502 East Main Street in Norwich, CT cost?
This property is listed at $725,000, which works out to $195 per square foot.
How many bedrooms does 502 East Main Street have?
This home has 12 bedrooms and 4 bathrooms.
What is the square footage of 502 East Main Street?
The home is 3,724 square feet, situated on 0.11 acres.
When was 502 East Main Street in Norwich built?
This property was built in 1860.
Is 502 East Main Street, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 502 East Main Street, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Norwich Free Academy as the high school.
How do I schedule a tour of 502 East Main Street, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

James Kelly · (860) 550-0295

William Raveis Real Estate · (860) 886-1386

MLS# 24190644 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 1, 2026 7:47 PM UTC