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407 MAIN STREET E, Norwich (Springford)

9 BEDS · 5 BATHS · 5000 - 100000 sqft

$1,495,000

A charming and original piece of Springford with strong investment appeal.This 5-unit multi-residential property is situated on a large lot backing onto the creek, offering a rare combination of stable rental income, tenant desirability, and long-term value.All units have been well maintained, with Units 4 and 5 recently updated, featuring improved kitchens, bathrooms, flooring, and additional upgrades. The building is serviced by five independent gas forced-air furnaces, providing unit-by-unit efficiency and helping keep operating costs predictable. Most wiring and plumbing have been updated, adding peace of mind for long-term ownership.The property is protected by a Duraloc steel roof (approximately 20 years old), contributing to its low-maintenance profile. Outdoor space further enhances tenant appeal, with Units 2, 3, and 5 enjoying private decks or balconies overlooking the expansive rear yard, while Units 1 and 4 benefit from a generous front porch.Set on a deep lot with creek views, this property offers excellent tenant demand today, with potential long-term upside tied to land value and future enhancement in a growing rural community. A compelling opportunity for investors seeking a solid buy-and-hold asset with durability, income stability, and room to grow. Rent roll and financial information available to qualified buyers.

General Info


MLS Listing ID: X13860628 Bedrooms: 9 Bathrooms: 5 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Block, Stone, Concrete Roof: N/A Title To Land: N/A Parking Space Total: 9
Parking: No Garage Heating: Forced air Size: 5000 - 100000 sqft Air Conditioning : Central air conditioning
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Amenities/Features


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