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    490 E Main St Norwich, CT 06360

    For Sale
    $70,000

    Condemned multifamily property, no showings permitted, sold AS IS.

    Lot size:
    0.08 Acres

    Property Features for 490 E Main St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1800

    Source: Madison Realty New York Agent Lai Metzger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Condemned Multifamily Property For Sale

    The property is a condemned multifamily property. The city prohibits anyone from entering the property due to unsafe outside stairs. The property is being sold AS IS.
    Location Intelligence

    Current Use by Public Records

    Covington Senior Care Aged Care

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.06461
    Latitude
    41.5232

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    FAQs

    What type of property is this?
    Multifamily property - Condemned multifamily property, no showings permitted, sold AS IS.
    Where is this multifamily property located?
    The property is located at 490 E Main St Norwich, CT.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Property is being sold AS IS.; - Year Built: 1800.; - NO Showings is permitted.
    (860) 235-2625
    Request Owner's contact information
    490 E Main St Norwich, CT 06360
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    Norwich, CT 06360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490 E Main St Norwich, CT 06360
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