$585,000
SOLD NOV 3, 2025

221 Broadway Norwich, CT 06360

Central Norwich Neighborhood
8 Beds
4 Baths
5,362 Sq Ft
0.29 Acres

Recently Sold

$109 Per Sq Ft

2% Below List Price

9 Days on Market

Highlights

  • Tankless Water Heater
  • Heating System Uses Steam
  • Level Lot

About This Home

As of November 2025

Welcome to this beautiful, architectural gem near Downtown, in one of the most desired neighborhoods in New London County. The property consists of four 2 Bedroom units yielding ~$6k per month, with strong upside. There is a detached 2 car garage, brand new combo heat/hot water systems for all 4 units and a large parking lot with more than enough parking for all tenants. All utilities are tenant paid, and property is fully occupied.

Last Agent to Sell the Property

Anthony Velez

VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 08/07/2025

Last Buyer's Agent

Anthony Velez

VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 08/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,241

Year Built

  • Built in 1860

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Masonry Siding
  • Masonry

Interior Spaces

  • 5,362 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2032548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,241

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 5362
  • Total Sq Ft: 5362
  • Year Built: 1860
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Directions: Call Agent
  • Financing Used: Other
  • Office Attribution Contact: (860) 300-3102
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full
  • Attic: No

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.29
  • Lot Description: Level Lot
  • Zoning: MF
  • Parcel #: 2032548

Multi Family

  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 16241

MLS Schools

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2025 11/03/25 Sold $585,000 -1.7% $109 / Sq Ft
08/16/2025 08/16/25 Pending -- -- --
08/07/2025 08/07/25 For Sale $595,000 +43.6% $111 / Sq Ft
06/08/2023 06/08/23 Sold $414,276 -73.3% $77 / Sq Ft View Prior Sale
05/03/2023 05/03/23 Pending -- -- --
04/16/2023 04/16/23 For Sale $1,550,000 +400.0% $289 / Sq Ft
10/04/2019 10/04/19 Sold $310,000 -11.3% $58 / Sq Ft View Prior Sale
08/19/2019 08/19/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $349,500 +39.8% $65 / Sq Ft
12/03/2012 12/03/12 Sold $250,000 -24.2% $42 / Sq Ft View Prior Sale
10/12/2012 10/12/12 Pending -- -- --
06/15/2012 06/15/12 For Sale $329,900 -- $56 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $16,241 $401,300 $32,600 $368,700
2024 $15,330 $401,300 $32,600 $368,700
2023 $9,392 $193,100 $34,400 $158,700
2022 $9,361 $193,100 $34,400 $158,700
2021 $9,392 $193,100 $34,400 $158,700
2020 $9,360 $193,100 $34,400 $158,700
2019 $9,267 $193,100 $34,400 $158,700
2018 $8,807 $182,000 $32,200 $149,800
2017 $8,871 $182,000 $32,200 $149,800
2016 $8,929 $182,000 $32,200 $149,800
2015 $8,747 $182,000 $32,200 $149,800
2014 $8,359 $182,000 $32,200 $149,800
Source: Public Records

Agents Affiliated with this Home

  • Anthony Velez

    Seller's Agent in 2025

    Anthony Velez

    VC Property Group, LLC

    (860) 300-3102

    5 in this area

    25 Total Sales

    Anthony Velez
    Section Image
  • Angela Ruel

    Seller's Agent in 2023

    Angela Ruel

    Berkshire Hathaway Home Services

    (860) 575-0754

    8 in this area

    90 Total Sales

    Angela Ruel
    Section Image

  • B

    Seller's Agent in 2012

    Brian Ducharme

    Drawbridge Realty

    9 Total Sales

    Brian Ducharme
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24117907

SmartMLS

APN: NORW 0083700001

Connecticut New London County Norwich 06360 Central Norwich

221 Broadway, Norwich, CT

Sold

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