502 E Main St Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $4,552/month
Highlights
- Thermal Windows
- Baseboard Heating
- Storm Doors
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.
Listing Agent
William Raveis Real Estate Brokerage Phone: (860) 550-0295 License #RES.0809553 Listed on: 09/01/2026
Co-Listing Agent
William Raveis Real Estate Brokerage Phone: (860) 550-0295 License #RES.0837124
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,625
Year Built
- Built in 1860
Lot Details
- 4,792 Sq Ft Lot
- Sloped Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,724 Sq Ft Home
- Thermal Windows
- Unfinished Basement
- Partial Basement
- Storm Doors
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Schools
- Norwich Free Academy High School
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Gross Income $90,000
Listing and Financial Details
- Assessor Parcel Number 2412488
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,851 | $194,000 | $24,800 | $169,200 |
| 2024 | $7,411 | $194,000 | $24,800 | $169,200 |
| 2023 | $4,373 | $89,900 | $12,200 | $77,700 |
| 2022 | $4,358 | $89,900 | $12,200 | $77,700 |
| 2021 | $4,373 | $89,900 | $12,200 | $77,700 |
| 2020 | $4,357 | $89,900 | $12,200 | $77,700 |
| 2019 | $2,759 | $57,500 | $12,200 | $45,300 |
| 2018 | $3,668 | $75,800 | $11,500 | $64,300 |
| 2017 | $3,694 | $75,800 | $11,500 | $64,300 |
| 2016 | $3,719 | $75,800 | $11,500 | $64,300 |
| 2015 | $3,643 | $75,800 | $11,500 | $64,300 |
| 2014 | $3,481 | $75,800 | $11,500 | $64,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/01/2026 09/01/26 | For Sale | $725,000 | +386.6% | $195 / Sq Ft | |
| 11/08/2022 11/08/22 | Sold | $149,000 | -0.6% | $40 / Sq Ft | View Prior Sale |
| 10/01/2021 10/01/21 | Pending | -- | -- | -- | |
| 07/23/2021 07/23/21 | For Sale | $149,900 | -- | $40 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $119,900 | -- | |
| Deed | $110,000 | -- |
Source: SmartMLS
MLS Number: 24190644
APN: NORW 0022780001
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