7 Broad Street
Norwich, CT 06360
10
Bed
7
Bath
5,069Sqft
0.39Acre(Lot)
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 facilitie
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 10Bathroom Information
Total Baths: 7 Full Baths: 7Room Information
Rooms Total: 24 Has Basement: Yes Basement: Full -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Cooling: None
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Building Information
Year Built: 1820 Building Area Total: 5069 Construction Materials: Vinyl Siding, Frame Private Pool: No
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Lot Information
Lot Size Acres: 0.39 Lot Description: Level
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Listing Price Information
Listing Price: $895000
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Tax Information
Parcel Number: 2413771 Annual Tax: $10660
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Per Board of Ed -
Location Information
Direction: Call Agent WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 681 N Main Street, Norwich, CT, 06360 | $495,000 | 8 | 4 | 2,800 | 2,800 SqFt |
| 104 Norwich Avenue, Norwich, CT, 06360 | $299,900 | 6 | 3 | 2,056 | 2,056 SqFt |
| 87 Hunters Avenue, Norwich, CT, 06360 | $399,900 | 4 | 4 | 3,128 | 3,128 SqFt |
| 77 Taftville Occum Road, Norwich, CT, 06360 | $268,000 | 4 | 2 | 1,518 | 1,518 SqFt |
| 36 Reynolds Street, Norwich, CT, 06360 | $309,900 | 4 | 2 | 1,516 | 1,516 SqFt |
| 11 Division Street, Norwich, CT, 06360 | $54,300 | 4 | 2 | 2,130 | 2,130 SqFt |
| 35 Lake Street, Norwich, CT, 06360 | $299,000 | 9 | 3 | 2,040 | 2,040 SqFt |
| 15 Platt Avenue, Norwich, CT, 06360 | $1,975,000 | 6 | 3 | 2,453 | 2,453 SqFt |
| 232 Franklin Street, Norwich, CT, 06360 | $299,900 | 4 | 4 | 2,606 | 2,606 SqFt |
| 220 Franklin Street, Norwich, CT, 06360 | $240,000 | 9 | 3 | 2,416 | 2,416 SqFt |
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Nearby For Sale
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ByOwner last updated this listing 06/08/2026 @ 12:00
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