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$725,000 502 Main, Norwich, CT

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$725,000

502 Main, Norwich, CT

12 bedrooms4 full bathrooms2,896 square feet
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Overview

**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

Property Details

MLS Number 24190644
List Price 725000
Status Active
Property Type Multi-Family For Sale
Property Sub Type 4 Family
Beds Total 12
Baths Full 4
Baths Half 0
Total Rooms 24
Acres 0.11
Year Built 1860
Living Area SQFT Per Public Record 2896
Garages Number 0
Style Units on different Floors,Other
Basement Description Partial,Unfinished
Fireplaces Total 0
Heat Type Baseboard
Heat Fuel Type Natural Gas
Cooling System None
Water Source Public Water Connected
Sewage System Public Sewer Connected
Direct Waterfront YN 0
Waterfront Description Not Applicable
Days on Market 46

Courtesy of James Kelly William Raveis Real Estate. Source: SmartMLS. © 2026.

Listing information is provided by SmartMLS.

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