202 Broadway Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $5,666/month
Total Views
24,267
8
Beds
7
Baths
3,861
Sq Ft
$232
Price per Sq Ft
Highlights
- 0.76 Acre Lot
- Heating System Uses Steam
- Level Lot
- 2 Fireplaces
About This Home
VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current rent roll reflects opportunity for significant value creation, with pro forma rents driving a projected NOI of ~$88K and a 14% cash on cash return, offering investors immediate scale with clear value creation. The asset benefits from 100% occupancy, off-street parking, and a highly desired LOCATION. The units are in above-market condition, allowing for immediate rent growth without the need for significant capital improvements. This is a true Day 1 cash-flowing asset with no major CapEx required-an increasingly rare profile in today's market where most value-add opportunities require heavy renovation risk. Strategically located just 15 minutes from New London, the property is directly positioned to benefit from the ongoing economic expansion driven by Electric Boat's multi-year contract pipeline, actively bringing in thousands of new jobs to the region. This macro tailwind continues to fuel rental demand across Eastern Connecticut, particularly in supply-constrained, workforce-driven housing markets like Norwich. With strong fundamentals, minimal execution risk, and a clear lease-up story, 202 Broadway presents a rare opportunity to acquire a stabilized, high-yield asset with embedded upside in a rapidly appreciating submarket. Property may also be purchased in combination with the nearby 7-unit multifamily property at 7 Broad St, 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: 06/05/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,029
Year Built
- Built in 1843
Lot Details
- 33,106 Sq Ft Lot
- Level Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Masonry
Interior Spaces
- 3,861 Sq Ft Home
- 2 Fireplaces
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Propane
Community Details
- 7 Units
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 |
|---|---|---|---|---|
| 06/05/2026 06/05/26 | For Sale | $895,000 | -- | $232 / 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: 24181437
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