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82 Salem Turnpike

Norwich, Connecticut 06360

ACTIVE - NEW$449,000
Beds
6
Baths
2 | 1
SqFt
2,430
Acres
0.63
Year Built
1900
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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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! Offering 2,430 sq ft on 0.63 acres, this fully renovated building is ideal for investors or owner occupants. The vacant first floor commercial unit offers endless possibilities for retail, office, service based businesses, or other commercial uses. Updates include electrical (June 2024) and a new ADA-compliant ramp (August 2024). The second-floor residential unit offers 2 bedrooms and 1 bathroom, with new windows (April 2025), flooring, carpet, and kitchen and bath updates. The fully renovated third-floor unit also features 2 bedrooms and 1 bathroom. Both residential units are occupied on month-to-month leases, generating over $5,000 per month in combined rental income! With a proven history of long and short term rentals, this property offers immediate income and potential for more from the vacant commercial space. Additional features include a detached garage, 15-space parking lot (an additional parking space rented monthly) extra land in the rear, and ample basement storage. Whether expanding your portfolio or seeking a flexible live/work investment, this property checks all the boxes! Sold AS IS. *Cash or conventional financing only; government financing is not available due to the mixed use classification*

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1900
Days on Market
0 days
Beds
6
Baths
2 full · 1 half
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

64

20 active listings

Median $ / Sq Ft

$162

20 active listings

Sale-to-List Ratio

101.2%

97 sales

How this home compares

List Price

$449,000

vs $439,500 median

In line with median

Price / Sq Ft

$185

vs $162 median

14.2% above median

Days on Market

0 days

vs 64 days median

64 days fresher than median

Based on 20 active and 97 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of November 12, 2026.

Location

82 Salem Turnpike, Norwich, Connecticut

Property + 6 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,253

per month

  • Principal & Interest$2,433
  • 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
0
MLS #
24220835
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 11/12/2026. 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 11/12/2026 at 10:15 PM UTC.