- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$795,000
Monthly Est:$3,957
11 Beds
7 Baths7 full baths
5,069sqft
7 Broad St, Norwich, CT 06360
$795,000
$3,957/moEst:
Get Pre-Approved
Multi Family
Built in 1820
$-- HOA
16,988.4 sqft lot
$157/sq.ft
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.
- Houzeo last checked: 5 hours ago
- Listing updated: September 17, 2026 at 1:16 pm
- Listing Provided by: Anthony Velez | VC Property Group, LLC
- Source: SMART MLS-CT | MLS#: 24207846
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1820
HOA Fees
-
Finished Area
5,069 sqft
Lot Size
16,988.4 sqft lot
Basement Area
- sqft
MLS Name
SMART MLS
MLS Number
24207846
MLS Status
Active
Days on Market
22
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
HOA Management
0
HOA Fees
$-/
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 7
Interior
Sewer
Public Sewer Connected
Cooling
None
Construction
Year Built
Year Built: 1820
Home type
Multi Family
Foundation Details
Masonry
Architectural Style
Units On Different Floors
Roof
Asphalt Shingle
Utilities & Energy
Water Source
Public Water Connected
Basement
Full
Other Features
Lot Features
Level Lot
Subdivision Name
N/a
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Listing Removed | $795,000 $157/sqft |
09/17/2026 Source: | Listed for Sale | $795,000 -6.47% $157/sqft |
08/21/2026 Source: | Price Decreased | $850,000 -5.03% $168/sqft |
06/06/2026 Source: | Listed for Sale | $895,000 -47.20% $177/sqft |
06/05/2026 Source: | Off Market | $1,695,000 $334/sqft |
Nearby Homes
Find Homes by Property Features in Norwich, CT
Based on information provided to and compiled by the SMART MLS, Inc. through Oct 09, 2026, 02:30PM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 SMART MLS, Inc. All Rights Reserved.
Advertising Broker: Derek Greene | The Greene Realty Group