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
Request a private showing and get Matt's read on price, condition, and next steps.
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
- 63 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
22
29 under contract
Median List Price
$409,462
22 active listings
Median Closed Price
$360,000
96 sales
Median Days on Market
21
22 active listings
Median $ / Sq Ft
$163
22 active listings
Sale-to-List Ratio
101.0%
96 sales
How this home compares
List Price
$1.25M
vs $409,462 median
3.1× the median
Price / Sq Ft
$146
vs $163 median
10.4% below median
Days on Market
63 days
vs 21 days median
42 days longer than median
Based on 22 active and 96 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of September 14, 2026.
Location
531-545 Boswell Avenue, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 10, 2026per month
- Principal & Interest$6,493
- 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
- 63
- MLS #
- 24190842
- MLS Status
- Under Contract
Similar Properties
Homes with a close match in area, property type, and price.
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 9/14/2026. 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 9/14/2026 at 8:35 PM UTC.