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$ 1,695,000
Est. payment /mo
New
7 Broad Street Norwich, CT 06360
10 Beds
7 Baths
5,069 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 5,069 sqft
Price per Sqft $334
MLS Listing ID 24181447
Style Units on different Floors
Bedrooms 10
Full Baths 7
Year Built 1820
Annual Tax Amount $10,660
Lot Size 0.390 Acres
Property Sub-Type 5 Family+
Property Description
Rare opportunity to acquire a 14-unit multifamily portfolio consisting of two nearby 7-unitproperties 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 cashflow 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.
Location
State CT
County New London
Zoning MF
Rooms
Basement Full
Interior
Heating Other
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Anthony Velez • VC Property Group, LLC