About 502 East Main Street
**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.
Features of 502 East Main Street
| MLS® # | 24190644 |
|---|---|
| Price | $725,000 |
| Bedrooms | 12 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,724 |
| Acres | 0.11 |
| Type | Multi-Family For Sale |
| Sub-Type | 4 Family |
| Style | Units on different Floors, Other |
| Status | Active |
Community Information
| Address | 502 East Main Street |
|---|---|
| Area | N/A |
| City | Norwich |
| County | New London |
| State | Connecticut |
| Zip Code | 06360 |
Amenities
| Features | Storm Doors, Thermopane Windows |
|---|---|
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Partial, Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Sidewalk |
| Lot Description | Sloping Lot |
| Roof | Asphalt Shingle |
| Foundation | Concrete, Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Norwich Free Academy |
Additional Information
| Date Listed | September 1st, 2026 |
|---|---|
| Days on Market | 31 |
| Zoning | MF |
| RE / Bank Owned | No |
Listing Details
| Office | William Raveis Real Estate |
|---|
