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7 Broad Street, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$895,000
$177/sqft
7 Broad Street, Norwich, CT
Active
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10
Bedrooms
7
Bathrooms
5,069
Sq Ft
0.39
Acres
1820
Year Built

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.

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

Listing Snapshot

Price $895,000 Days on Our Site 10 days
Property Tax $10,660/yr Style Units on different Floors
Year Built 1820 Total Sq Ft 5,069
Lot Size 0.39 acres HOA Fees N/A
Bedrooms 10 Full Bathrooms 7
Total Rooms 24 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Other
Cooling None
Hot Water Upright Tank
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 $888/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jun 6, 2026 Listed $895,000

Frequently Asked Questions

How much does 7 Broad Street in Norwich, CT cost?
This property is listed at $895,000, which works out to $177 per square foot.
How many bedrooms does 7 Broad Street have?
This home has 10 bedrooms and 7 bathrooms.
What is the square footage of 7 Broad Street?
The home is 5,069 square feet, situated on 0.39 acres.
When was 7 Broad Street in Norwich built?
This property was built in 1820.
Is 7 Broad Street, 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 7 Broad Street, 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 7 Broad Street, 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# 24181790 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jun 6, 2026 8:15 PM UTC