7 Broad Street, Norwich, CT 06360

• 10 beds |
• 7 baths |
• 5,069 sqft

Property 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 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.

Listing Status:

Active

Date Added:

June 6, 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:

24181790

Interior

• Basement: Full
• A/C: None
• Heating: Other
• Fireplace: Fireplaces: 0

Exterior

• Style: Units on different Floors

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: MF2413771

Utilities

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