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82 Salem Turnpike

Norwich, Connecticut 06360

ACTIVE$449,000
Beds
4
Baths
2
SqFt
2,430
Acres
0.63
Year Built
1900
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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About This Home

Incredible opportunity to own a high visibility, income generating mixed use property close to major highways and shopping. With 2,430 sq ft of total space on 0.63 acres, this fully renovated building offers both commercial and residential rental income streams, ideal for investors or owner occupants. Some features include a fully renovated Commercial unit on the first floor with updated electrical in June 2024, and a new ADA compliant ramp installed August 2024. This is ideal for retail, office, or service use. The second Floor is a Residential Unit, with 2 bedrooms and 1 bathroom. Recently updated with new windows in April 2025, new flooring and carpet, and upgrades in the kitchen and bathroom. The third floor is also a residential unit - Fully renovated, 2 bedrooms, 1 bathroom. This property has proven income resource from long and short term rentals, a detached garage and 15-space parking lot (with additional monthly rented parking spot) more land in rear, and ample basement storage for tenant or owner use. This property blends modern updates with solid income potential. Whether you're expanding your portfolio or seeking a flexible live/work investment, this one checks all the boxes! Property being sold AS IS. *Since the property is Mixed Use, this will not go government financing. Cash/conventional only*

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1900
Days on Market
20 days
Beds
4
Baths
2 full
Living Area
2,430 sq ft
Lot Size
0.63 acres
Garage / Parking
15 total
Property Taxes
$8,039 / Annually

Market Snapshot

The Norwich Market

Multi-Family · trailing 12 months

Median Days on Market

38

20 active listings

Median $ / Sq Ft

$150

20 active listings

Sale-to-List Ratio

101.1%

98 sales

How this home compares

List Price

$449,000

vs $423,500 median

6.0% above median

Price / Sq Ft

$185

vs $150 median

23.3% above median

Days on Market

20 days

vs 38 days median

18 days fresher than median

Based on 20 active and 98 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of July 28, 2026.

Location

82 Salem Turnpike, Norwich, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,109

per month

  • Principal & Interest$2,289
  • Property Taxes$670
  • Insurance$150
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Norwich
Neighborhood
N/A
County
New London

Residence

Property Type
Multi-Family
Subtype
Duplex
Style
Units on different Floors
Year Built
1900
New Construction
No/Resale
Living Area
2,430 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Hot Air
Heat Fuel
Natural Gas
Cooling
Ductless
Basement
Full
Accessibility
Ramps

Exterior & Lot

Lot Size
0.63 acres
Zoning
GC
Garage / Parking
15 total parking spacesPavedParking LotOff Street Parking
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Lot Description
Level Lot

Listing & Financials

Property Taxes
$8,039 / Annually
Days on Market
20
MLS #
24189458
MLS Status
Active

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Natascia Klimas

(860) 930-4405

William Pitt Sotheby's Int'l

(860) 536-5900

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 5:15 AM UTC.