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7 Broad Street, Norwich, CT 06360

Norwich
Local realty services provided by:CENTURY 21 Clemens Group
7 Broad Street,Norwich, CT 06360
$895,000
  • 10 Beds
  • 7 Baths
  • 5,069 sq. ft.
  • Multi-family
  • Active
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc(860) 300-3102
MLS#:24181790
Source:CT

Price summary

  • Price:$895,000
  • Price per sq. ft.:$176.56

About this home

Exceptional 7-unit multifamily investment opportunity located in one of New London County's most sought-after residential neighborhoods. Featuring a desirable mix of three 2-bedroom units, two 1-bedroom units, and two studio units, this property offers broad tenant appeal and strong in-place cash flow. Currently 100% occupied with two units recently leased at market rents, the asset benefits from tenant-paid utilities, off-street parking, public water and sewer, and a spacious 0.39-acre lot. With projected stabilized annual income of approximately $133,800 and a projected 14.78% stabilized ROI, investors have the opportunity to further increase cash flow through continued rent stabilization while maintaining strong occupancy. Conveniently located near downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation routes, the property benefits from consistent rental demand and limited multifamily inventory. Property may also be purchased in combination with...

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Home facts

  • Year built:1820
  • Listing ID #:24181790
  • Added:1 day(s) ago
  • Updated:June 07, 2026 at 03:39 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:24
  • Basement Description:Full Basement
  • Living area:5,069 sq. ft.

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1820
  • Building area:5,069 sq. ft.
  • Lot area:0.39 Acres
  • Lot Features:Level Lot
  • Construction Materials:Vinyl Siding

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$176.56
  • Tax amount:$10,660 (July 2025-June 2026)
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