531-545 Boswell Avenue
Norwich, Connecticut 06360
- Beds
- 16
- Baths
- 8 | 8
- SqFt
- 8,585
- Acres
- 0.57
- Year Built
- 1975
- Property Type
- 5+ Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Exceptional investment opportunity! Fully occupied 8-unit multifamily property with long-term tenants and immediate, stable cash flow. Well maintained with low operating expenses and strong rental history. Turnkey asset offering consistent income with minimal management. Convenient location near shopping, restaurants, public transportation, and major routes. A great addition to any investment portfolio.
Key Facts
- City/Town
- Norwich
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units are Side-by-Side
- Year Built
- 1975
- Days on Market
- 15 days
- Beds
- 16
- Baths
- 8 full · 8 half
- Living Area
- 8,585 sq ft
- Lot Size
- 0.57 acres
- Garage / Parking
- 13 total
- Property Taxes
- $8,507 / Annually
Market Snapshot
The Norwich Market
Multi-Family · trailing 12 months
Active Listings
20
22 under contract
Median List Price
$423,500
20 active listings
Median Closed Price
$340,000
98 sales
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
$1.25M
vs $423,500 median
3.0× the median
Price / Sq Ft
$146
vs $150 median
In line with median
Days on Market
15 days
vs 38 days median
23 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
531-545 Boswell Avenue, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$6,373
- Property Taxes$709
- Insurance$417
- 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
- 5 Family+
- Style
- Units are Side-by-Side
- Year Built
- 1975
- New Construction
- No/Resale
- Living Area
- 8,585 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- None
- Laundry
- All Units Have Hook-Ups
- Laundry Location
- basement
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.57 acres
- Zoning
- MF
- Garage / Parking
- 13 total parking spacesDrivewayPaved
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- gray
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $8,507 / Annually
- Days on Market
- 15
- MLS #
- 24190842
- MLS Status
- Under Contract - Continue to Show
Similar Properties
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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 6:05 AM UTC.