7 Broad St

Norwich, CT 06360

$895,000
Price
10
Beds
5,069 Sq. Ft.
$177 / Sq. Ft.
5,069
Sq. Ft.
$177
per Sq. Ft.
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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...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.
  1. Listed by Anthony Velez • VC Property Group, LLC
    P: (860)-519-3800 C: (860)-300-3102 anthony.velez@vcpropertygrp.com

Property Details for 7 Broad Street

Basement Description
Full
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Swimming Pool
No
LISTING UPDATED: 06/06/2026 08:15 PM

Property Details for 7 Broad Street

StatusActive
MLS #24181790
Days on Market4
Taxes$10,660 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1820
Lot Size0.39 AC / 16,988 SF
CountyNew London County
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Location

Listing Courtesy of VC Property Group, LLC, Anthony Velez
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Building Information for 7 Broad Street

Stories-Residences7Year Built1820Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

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$5,348 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,460

Property Taxes

$888

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7 Broad Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Call Agent
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.531284
  • Longitude: -72.08171
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $10,660
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Other
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 24
Room 5
  • Listing Key: 539C1F3F68A162BAE0631A01100A1AA4
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1820
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: pr
  • Living Area SQFT Per Public Records: 0
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2413771
  • Sq Ft Est Heated Above Grade: 5069.0
  • Sq Ft Total: 5069.0
  • Zoning: MF
Utilities
  • Hot Water Description: Upright Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 7
  • Total Rooms Multi Family: 24
Unit 1
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 3
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 4
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 5
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 6
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 7
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Modified Date: 06-06-2026
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3

Property History for 7 Broad Street

DateEvent & SourcePriceAppreciation
Apr 18, 2024

Closed (Public Record)

Public Record #1531659234

$750,000

+7.8% / yr

Feb 21, 1996

Closed (Public Record)

Public Record #92667632

$90,000—
DateEvent & SourcePrice
04/18/2024

Closed (Public Record)

Public Record #1531659234

$750,000

+7.8% / yr

02/21/1996

Closed (Public Record)

Public Record #92667632

$90,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Broad Street

Taxable ValueLand$38,400Additions$225,000Total$263,400
Tax Record2024$10,660 ($888 / month)
Home Facts
Lot Size16,988 SqFtStyleMulti-Family Res (5+ Units)ZoningMFCountySOUTHEASTERN CONNECTICUTAPNNWCH M:92 B:3 L:10

Schools near 7 Broad Street

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Samuel Huntington School
Public - PK to 5
Kelly Middle School
Public - 6 to 8
Aba Autism Program
Public - K to 5
Special Needs Program
Public - K to 5
Rating
School
Distance
Samuel Huntington School
PublicPK to 5

Kelly Middle School
Public6 to 8

Aba Autism Program
PublicK to 5

Special Needs Program
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7 Broad Street, Norwich, CT 06360

7 Broad Street is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on June 6, 2026 by VC Property Group, LLC, it's currently listed at $895,000. It has been on the market for a total of 4 days and was last sold on April 18, 2024. This listing's school district is Norwich School District. Nearby schools include Samuel Huntington School, Kelly Middle School and Aba Autism Program. 7 Broad Street is a 10-bed, 7-bath, 5,069 sqft multi-family home built in 1820.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of VC Property Group, LLC, Anthony Velez

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.