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    214 Broadway Norwich, CT 06360

    For Sale
    $875,000

    Six-unit apartment building with in-unit laundry and off-street parking.

    Lot size:
    0.28 Acres

    Property Features for 214 Broadway

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1874

    Source: VC Property Group, LLC Agent Anthony Velez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment Building with ROI

    This six-unit apartment building has been renovated with finishes. The property features off-street parking and in-unit laundry. Tenants are responsible for utilities. The property is located in New London County.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.078173
    Latitude
    41.531335

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building with in-unit laundry and off-street parking.
    Where is this apartment building located?
    The property is located at 214 Broadway Norwich, CT.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - In-place 16% ROI at full asking price.; - Located in a highly desired neighborhood in New London County.; - Beautifully renovated with luxury finishes.
    (860) 300-3102
    Request Owner's contact information
    214 Broadway Norwich, CT 06360
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    Norwich, CT 06360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    214 Broadway Norwich, CT 06360
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