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7-Unit Multifamily Apartment Building

202 Broadway, Norwich, CT 06360

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For Sale

$895,000

Seven-unit income property with off-street parking and full occupancy.

Type:5 Family+

Property size:

3,861 SF

Price / SF:

$231/SF

HighLights

7‑unit multifamily property built in 1843
100% occupancy with current off‑street parking
Units reported in above‑market condition, supporting immediate rent growth
Projected NOI of approximately $88K based on pro forma rents
Projected 14% cash‑on‑cash return referenced in the remarks

We can help!

Listing Contact

Anthony Velez

Learn more

For Sale

$895,000

Seven-unit income property with off-street parking and full occupancy.

Type:5 Family+

Property size:

3,861 SF

Price / SF:

$231/SF

Added:: Jun 5, 2026
Days on Market:: 6
Last Refresh:: Jun 10 at 2:47 am

Property Features for 202 Broadway

General Information

Standard status: Active
Size: 3,861 SF
Property subtype: 5 Family+

Building Details

Year Built: 1843

We can help!

Listing Contact

Anthony Velez

Listing agent Anthony Velez

Listing office VC Property Group, LLC

Listing date Jun 5, 2026

Source Lockandkeyre

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

All listing content including descriptions, pricing, images are the copyrighted material of VC Property Group, LLC

HighLights

7‑unit multifamily property built in 1843
100% occupancy with current off‑street parking
Units reported in above‑market condition, supporting immediate rent growth
Projected NOI of approximately $88K based on pro forma rents
Projected 14% cash‑on‑cash return referenced in the remarks

Overview

202 Broadway is a 7-unit multifamily apartment building offering an existing, stabilized rent roll and off-street parking. The units are described as being in above-market condition, supporting an immediate operational position without the need for significant capital improvements. The property is presented as 100% occupied, with the current rent structure reflecting potential for additional income through continued leasing and rent optimization.

The building is located in one of Norwich’s most desirable rental corridors, directly across from the Cathedral of St. Patrick. The offering also notes proximity to the New London market, estimated at about 15 minutes away, and situates the property within Eastern Connecticut’s broader workforce-driven rental demand.

For investors or owner-operators seeking scale, the seller’s pro forma information highlights a projected NOI of approximately $88,000 and a projected 14% cash-on-cash return. The case is positioned as a Day 1 cash-flowing asset profile, emphasizing that major renovation risk is not expected to be required to execute the initial strategy. Through strategic lease-up and rent growth assumptions, the opportunity is framed around value creation tied to the property’s existing condition and occupancy level.

Location Intelligence

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Apartment buildings

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Local Demand

City: Norwich
County: New London
State: Connecticut
Longitude: -72.077585
Latitude: 41.530662

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For sale
Apartment buildings
CT
Norwich
06360
202 Broadway

What type of property is this?

Apartment building - Seven-unit income property with off-street parking and full occupancy.

Where is this apartment building located?

The property is located at 202 Broadway Norwich, CT.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 7‑unit multifamily property built in 1843; 100% occupancy with current off‑street parking; Units reported in above‑market condition, supporting immediate rent growth