202 Broadway, Norwich, CT 06360

• 8 beds |
• 7 baths |
• 3,861 sqft

Property Description

VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current rent roll reflects opportunity for significant value creation, with pro forma rents driving a projected NOI of ~$88K and a 14% cash on cash return, offering investors immediate scale with clear value creation. The asset benefits from 100% occupancy, off-street parking, and a highly desired LOCATION. The units are in above-market condition, allowing for immediate rent growth without the need for significant capital improvements. This is a true Day 1 cash-flowing asset with no major CapEx required-an increasingly rare profile in today's market where most value-add opportunities require heavy renovation risk. Strategically located just 15 minutes from New London, the property is directly positioned to benefit from the ongoing economic expansion driven by Electric Boat's multi-year contract pipeline, actively bringing in thousands of new jobs to the region. This macro tailwind continues to fuel rental demand across Eastern Connecticut, particularly in supply-constrained, workforce-driven housing markets like Norwich.

Listing Status:

Active

Date Added:

June 5, 2026

Data Last Updated:

June 27, 2026 at 4:50AM

Listing Office:

VC Property Group, LLC : (860) 300-3102

Listing Agent:

Anthony Velez : (860) 300-3102

MLS ID:

24181437

Interior

• Basement: Full
• A/C: None
• Heating: SteamPropane
• Fireplace: Fireplaces: 2

Exterior

• Style: Units on different Floors

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: MF2411992

Utilities

• Water: Public Water Connected
• Sewer: Public Sewer Connected