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$725,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 12 Total Beds
  • Updated 1 day ago
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**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.

Full Property Details for 502 E Main St

General

  • Price: $725,000
  • Taxes: (July 2026-June 2027)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24190644
  • Updated: 9/1/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 24

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 12

Other Rooms

  • Laundry: Hook-Up In Unit 2, Hook-Up In Unit 3, Hook-Up In Unit 4

Exterior

  • Exterior Features: Sidewalk
  • Color: White

Location

  • County: New London
  • Driving Directions: GPS Friendly

School Information

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Natural Gas
  • Heating Fuel: Natural Gas
  • Water Heater: Domestic

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors, Other
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Partial, Unfinished
  • Roof: Asphalt Shingle
  • Square Feet: 3,724
  • Above Ground: 3,724 Sq. Ft.
  • Year Built: 1860

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 6

Lot Features

  • Lot Size (Acres): 0.11
  • Zoning: MF
  • Lot Description: Sloping Lot

Green Features

  • Energy Features: Storm Doors, Thermopane Windows

Financial Considerations

  • Assessment Amount: $194,000
  • Tax Year: July 2026-June 2027

Disclosures and Reports

  • Property ID: 2412488

Listed by William Raveis Real Estate, The Jay and Carol Kelly Team at William Raveis Real Estate, James Kelly and William Raveis Real Estate, Ernest Tollja

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Listing agents

— 502 E Main St —

  • James Kelly

    William Raveis Real Estate

  • Ernest Tollja

    William Raveis Real Estate

Agent Contact: (860) 550-0295 Office Contact: (860) 886-1386

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 502 E Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/01/2026
Listed
$725,000
386.58%
MLS
11/07/2022
Sold
$149,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 502 E Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,851
6%
$194,000
—
2023
$7,411
69%
$194,000
116%
2023
$4,373
—
$89,900
—
2022
$4,358
—
$89,900
—
2021
$4,373
—
$89,900
—
2020
$4,357
58%
$89,900
56%
2019
$2,759
-25%
$57,500
-24%
2018
$3,668
-1%
$75,800
—
2017
$3,694
-1%
$75,800
—
2016
$3,719
2%
$75,800
—
2015
$3,643
5%
$75,800
—
2014
$3,481
-42%
$75,800
-59%
2011
$6,034
—
$187,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by William Raveis Real Estate, The Jay and Carol Kelly Team at William Raveis Real Estate, James Kelly and William Raveis Real Estate, Ernest Tollja

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502 East Main Street, Norwich, CT 06360 (MLS# 24190644) is a Multi-Family property with 4 units containing 12 bedrooms and 4 full bathrooms. 502 East Main Street is currently listed for $725,000 and was received on September 01, 2026. Want to learn more about 502 East Main Street? Do you have questions about finding other Multi-Family real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.

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