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7-Unit Multifamily Property

7 Broad Street, Norwich, CT 06360

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For Sale

$895,000

Seven-unit mix of studios, one- and two-bedroom homes with tenant-paid utilities and off-street parking.

Type:5 Family+

Property size:

5,069 SF

Lot size:

0.39 Acres

Price / SF:

$176/SF

HighLights

7‑unit multifamily property, originally built in 1820
Unit mix includes three 2‑bedroom units, two 1‑bedroom units, and two studio units
Currently 100% occupied, with two units recently leased at market rents
Tenant‑paid utilities plus off‑street parking
Public water and sewer services; sits on a 0.39‑acre lot
Projected stabilized annual income of approximately $133,800 with a projected 14.78% stabilized ROI

We can help!

Listing Contact

Anthony Velez

Learn more

For Sale

$895,000

Seven-unit mix of studios, one- and two-bedroom homes with tenant-paid utilities and off-street parking.

Type:5 Family+

Property size:

5,069 SF

Lot size:

0.39 Acres

Price / SF:

$176/SF

Added:: Jun 6, 2026
Days on Market:: 5
Last Refresh:: Jun 10 at 1:49 am

Property Features for 7 Broad Street

General Information

Standard status: Active
Size: 5,069 SF
Lot size: 0.39 Acres
Property subtype: 5 Family+

Building Details

Year Built: 1820

We can help!

Listing Contact

Anthony Velez

Listing agent Anthony Velez

Listing office VC Property Group, LLC

Listing date Jun 6, 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, originally built in 1820
Unit mix includes three 2‑bedroom units, two 1‑bedroom units, and two studio units
Currently 100% occupied, with two units recently leased at market rents
Tenant‑paid utilities plus off‑street parking
Public water and sewer services; sits on a 0.39‑acre lot
Projected stabilized annual income of approximately $133,800 with a projected 14.78% stabilized ROI

Overview

This offering is a 7-unit multifamily property configured with three 2-bedroom units, two 1-bedroom units, and two studio units. The building is currently 100% occupied, with two units recently leased at market rents. Tenants pay utilities, and the property includes off-street parking along with public water and sewer services. The site is a spacious 0.39-acre lot, providing room for resident parking and general on-site use.

Located in a sought-after residential area of New London County, the property is described as convenient to downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation routes. The remarks also note limited multifamily inventory in the area, which supports continued rental demand.

For investors, this property presents an operationally straightforward income opportunity supported by existing occupancy and tenant-paid utilities. The current mix of unit types can appeal to a broad range of renters, and the property is being marketed with projected stabilized annual income of approximately $133,800 and a projected 14.78% stabilized ROI. The seller also indicates the property may be purchased in combination with a nearby 7-unit multifamily at 202 Broadway, creating the option to assemble a 14-unit portfolio within close proximity.

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Local Demand

City: Norwich
County: New London
State: Connecticut
Longitude: -72.081887
Latitude: 41.531518

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For sale
Apartment buildings
CT
Norwich
06360
7 Broad Street

What type of property is this?

Apartment building - Seven-unit mix of studios, one- and two-bedroom homes with tenant-paid utilities and off-street parking.

Where is this apartment building located?

The property is located at 7 Broad Street 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, originally built in 1820; Unit mix includes three 2‑bedroom units, two 1‑bedroom units, and two studio units; Currently 100% occupied, with two units recently leased at market rents