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202 Broadway, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$1,575,000
$408/sqft
202 Broadway, Norwich, CT
Active
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16
Bedrooms
0
Bathrooms
3,861
Sq Ft
0.76
Acres
1843
Year Built

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.

Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $1,575,000 Days on Our Site 40 days
Property Tax $9,029/yr Style Units on different Floors,Units are Side-by-Side
Year Built 1843 Total Sq Ft 3,861
Lot Size 0.76 acres HOA Fees N/A
Bedrooms 16 Full Bathrooms 0
Total Rooms 42 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle
Garage Type Off Street Parking

Systems & Utilities

Heat Steam
Fuel Electric, Natural Gas, Oil, Propane
Cooling None
Hot Water Natural Gas, Electric, Tank Size Unknown
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $752/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Aug 27, 2026 Price Reduced $1,575,000
Aug 6, 2026 Listed $1,695,000

Frequently Asked Questions

How much does 202 Broadway in Norwich, CT cost?
This property is listed at $1,575,000, which works out to $408 per square foot.
How many bedrooms does 202 Broadway have?
This home has 16 bedrooms and 0 bathroom.
What is the square footage of 202 Broadway?
The home is 3,861 square feet, situated on 0.76 acres.
When was 202 Broadway in Norwich built?
This property was built in 1843.
Is 202 Broadway, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 202 Broadway, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 202 Broadway, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Anthony Velez · (860) 300-3102

VC Property Group, LLC · (860) 300-3102

MLS# 24194779 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Aug 27, 2026 2:13 PM UTC