502 East Main Street
Norwich, Connecticut 06360
- Beds
- 12
- Baths
- 4
- SqFt
- 3,724
- Acres
- 0.11
- Year Built
- 1860
- Property Type
- 4 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
**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.
Key Facts
- City/Town
- Norwich
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors,Other
- Year Built
- 1860
- Days on Market
- 0 days
- Beds
- 12
- Baths
- 4 full
- Living Area
- 3,724 sq ft
- Lot Size
- 0.11 acres
- Property Taxes
- $6,625 / Annually
Market Snapshot
The Norwich Market
Multi-Family · trailing 12 months
Active Listings
22
23 under contract
Median List Price
$390,000
22 active listings
Median Closed Price
$345,000
95 sales
Median Days on Market
27
22 active listings
Median $ / Sq Ft
$163
22 active listings
Sale-to-List Ratio
101.0%
95 sales
How this home compares
List Price
$725,000
vs $390,000 median
85.9% above median
Price / Sq Ft
$195
vs $163 median
19.6% above median
Days on Market
0 days
vs 27 days median
27 days fresher than median
Based on 22 active and 95 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of September 1, 2026.
Location
502 East Main Street, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 27, 2026per month
- Principal & Interest$3,727
- Property Taxes$552
- Insurance$242
- 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
- Quadruplex
- Style
- Units on different Floors,Other
- Year Built
- 1860
- New Construction
- No/Resale
- Living Area
- 3,724 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Norwich Free Academy
Interior
- Heating
- Baseboard
- Heat Fuel
- Natural Gas
- Cooling
- None
- Laundry
- Hook-Up In Unit 2Hook-Up In Unit 3Hook-Up In Unit 4
- Laundry Location
- Washers/Dryer Hook-UpsUnits 23& 4
- Basement
- PartialUnfinished
Exterior & Lot
- Lot Size
- 0.11 acres
- Zoning
- MF
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- White
- Roof
- Asphalt Shingle
- Foundation
- ConcreteStone
- Exterior Features
- Sidewalk
- Lot Description
- Sloping Lot
Listing & Financials
- Property Taxes
- $6,625 / Annually
- Days on Market
- 0
- MLS #
- 24190644
- MLS Status
- Active
Similar Properties
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Co-Listed By
Ernest Tollja
William Raveis Real Estate
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 9/1/2026. 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 9/1/2026 at 11:10 PM UTC.