202 Broadway Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $9,484/month
9
Beds
7
Baths
3,861
Sq Ft
$408
Price per Sq Ft
Highlights
- 0.76 Acre Lot
- 2 Fireplaces
- Heating System Uses Steam
About This Home
Rare opportunity to acquire a 14-unit multifamily portfolio consisting of two nearby 7-unit properties located at 202 Broadway and 7-9 Broad Street in Norwich, Connecticut. Offering immediate scale, diversified unit mix, and significant rental upside, this package is ideal for investors seeking a larger multifamily acquisition with strong in-place cash flow and a clear path to value creation. The portfolio consists of a mix of 2-bedroom, 1-bedroom, and studio apartments that appeal to a broad tenant base while providing diversification across unit types. Both properties are fully occupied and benefit from off-street parking, public utilities, and strong occupancy history. Located in one of New London County's most sought-after residential neighborhoods, the portfolio benefits from strong tenant demand, attractive surrounding housing stock, and convenient access to downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation corridors. Current gross annual income of approximately $217k is significantly below market, with projected stabilized income of approximately $270k, representing over $53k in additional annual revenue through rent stabilization and operational optimization. The portfolio is projected to achieve a 9.8% stabilized cap rate and 15% stabilized ROI, creating a compelling investment profile for both private and institutional investors.
Listing Agent
VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 09/17/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,029
Year Built
- Built in 1843
Lot Details
- 33,106 Sq Ft Lot
Parking
- 14 Parking Spaces
Home Design
- Side-by-Side
- Brick Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,861 Sq Ft Home
- 2 Fireplaces
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Heating System Uses Propane
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 7 Units
- Gross Income $206,703
Listing and Financial Details
- Assessor Parcel Number 2411992
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 | $10,700 | $264,400 | $40,900 | $223,500 |
| 2024 | $10,100 | $264,400 | $40,900 | $223,500 |
| 2023 | $9,271 | $190,600 | $31,900 | $158,700 |
| 2022 | $9,240 | $190,600 | $31,900 | $158,700 |
| 2021 | $9,271 | $190,600 | $31,900 | $158,700 |
| 2020 | $9,238 | $190,600 | $31,900 | $158,700 |
| 2019 | $9,147 | $190,600 | $31,900 | $158,700 |
| 2018 | $9,654 | $199,500 | $31,300 | $168,200 |
| 2017 | $9,724 | $199,500 | $31,300 | $168,200 |
| 2016 | $9,787 | $199,500 | $31,300 | $168,200 |
| 2015 | $9,588 | $199,500 | $31,300 | $168,200 |
| 2014 | $9,163 | $199,500 | $31,300 | $168,200 |
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 |
|---|---|---|---|---|
| 09/17/2026 09/17/26 | For Sale | $1,575,000 | -- | $408 / Sq Ft |
Source: SmartMLS
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Foreclosure Deed | $215,000 | -- |
Source: Public Records
About the Listing Agent
Anthony's Other Listings
Source: SmartMLS
MLS Number: 24207850
APN: NORW-000093-000001-000019
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