USACTNorwichN/a7 Broad St
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New
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$895,000

For Sale

4 days ago

7 Broad St, Norwich, CT

House

MLS® 24181790

10 Bed

7 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $10,660
Days Active 4
Lot Size 
Approx. Age 1820
MLS® Number 24181790

Property Address: 7 Broad St, Norwich, CT, 06360-4344

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number24181790
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1820
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 6, 2026List Date
$895,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$1,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
7 Broad St, Norwich, CT

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