Movoto Real Estate
  • Other
  • Exterior
  • Kitchen
  • Living
  • Entry Way
  • Bath
  • Bedroom

502 E Main St, Norwich, CT 06360

$725,000
  • 12

    bed

  • 4

    bath

  • 3,724

    Sqft ($195/Sqft)

Multi-family for sale 8 days

About 502 E Main St

Property type Multi-family
Neighborhood
Year built 1860
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Property description
**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.
Listed by
Listing Agent - James Kelly
Listing Office - William Raveis Real Estate
Source: CONNECT MLS mls logo
MLS#24190644 • last updated 1 week ago
Movoto checked CONNECT MLS for data 1 minute ago
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Overview
Cooling/AC None
Heating Baseboard, Natural Gas
Type Multi-Family For Sale
SubType 4 Family
SqFt 3724
Status Active
MLS # 24190644
Lot Size (Acres) 0.11
Property Tax 6625
Property Condition No/Resale
Interior
Total # of Bathrooms 4
# of Full Baths 4
Total # of Bedrooms 12
Total # of Rooms 24, 24
Exterior
Exterior Vinyl Siding
Roofing Asphalt Shingle
Lot Description Sloping Lot
Exterior Features Sidewalk
Amenities / Utilities
Sewer/ Septic Public Sewer Connected
Location
Waterfront Not Applicable
Elementary School Per Board Of Ed
High School Norwich Free Academy
APN 2412488
Directions GPS Friendly
Multifamily Details
Total # of Units 4
Gross Annual Income 90000
Net Operating Income 78000
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Around Central Norwich

Explore everything this neighborhood has to offer. Learn more about Central Norwich.
44/100
Walk
75/100
Family
38/100
Dining
73/100
Pet
  • Real Estate
  • CT
  • New London County
  • Norwich
  • 06360
  • Central Norwich
  • 502 E Main St

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