7 Broad St Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $5,736/month
Total Views
3,137
10
Beds
7
Baths
5,069
Sq Ft
$177
Price per Sq Ft
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 the nearby 7-unit multifamily property at 202 Broadway, creating a unique opportunity to acquire and operate a 14-unit portfolio within close proximity.
Listing Agent
VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 06/06/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,660
Year Built
- Built in 1820
Lot Details
- 16,988 Sq Ft Lot
- Level Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Masonry
Interior Spaces
- 5,069 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Full Bathrooms
Community Details
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 2413771
Map
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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 | $10,660 | $263,400 | $38,400 | $225,000 |
| 2024 | $10,062 | $263,400 | $38,400 | $225,000 |
| 2023 | $9,441 | $194,100 | $29,800 | $164,300 |
| 2022 | $9,410 | $194,100 | $29,800 | $164,300 |
| 2021 | $9,441 | $194,100 | $29,800 | $164,300 |
| 2020 | $9,408 | $194,100 | $29,800 | $164,300 |
| 2019 | $9,315 | $194,100 | $29,800 | $164,300 |
| 2018 | $9,523 | $196,800 | $31,900 | $164,900 |
| 2017 | $9,592 | $196,800 | $31,900 | $164,900 |
| 2016 | $9,655 | $196,800 | $31,900 | $164,900 |
| 2015 | $9,458 | $196,800 | $31,900 | $164,900 |
| 2014 | $9,039 | $196,800 | $31,900 | $164,900 |
Source: Public Records
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 |
|---|---|---|---|---|
| 06/06/2026 06/06/26 | For Sale | $895,000 | -- | $177 / Sq Ft |
Source: SmartMLS
About the Listing Agent
Anthony's Other Listings
Source: SmartMLS
MLS Number: 24181790
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