7 Broad Street, Norwich, CT 06360 (MLS # 24207846)
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.
Property Type(s):
Multi Family
|
Last Updated
|
9/17/2026
|
Year Built
|
1820
|
|
County
|
New London
|
SCHOOLS
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
Additional Details
| AIR |
None |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Frame, Vinyl Siding |
| HEAT |
Forced Air |
| LOT |
0.39 acre(s) |
| LOT DESCRIPTION |
Level |
| SEWER |
Public Sewer |
| STYLE |
Units on different Floors |
| TAXES |
8995 |
| WATER |
Public |
| ZONING |
MF |
Location
Listing courtesy of VC Property Group, LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2026.
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