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Property profile & analytics
OFF-MARKET
Residential income homes
221 Broadway Norwich, CT 06360-4370
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US15-0079658
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1860
Total area
5,362 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MF
APN
NORW M:93 B:2 L:55
UPID
US15-0079658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mgplus3 LLC · 3 yrs held
Mgplus3 LLC
since 2023
7 recorded transactions
Zoning & alternative use
MF · Norwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwich submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,392
Tax year 2023
Assessed value
$193,100
Assessed 2023
Previous assessed
$193,100
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$34,400
Assessed improvement
$158,700
Applied tax rate
386.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1860
Heating
STEAM
Buildings
1
Stories
3
Units
4
Rooms
17
Bathrooms
4
Total area
5,362 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MF
APN
NORW M:93 B:2 L:55
UPID
US15-0079658
Jurisdiction
NORWICH
Zoning & alternative use
MF · Norwich, CT
Zoning MF · permitted uses
MF · Norwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwich. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1860
Heating
STEAM
Stories
3
Buildings
1
Units
4
Rooms
17
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mgplus3 LLC
Entity
Mailing address
221 BROADWAY TER, NORWICH, CT 06360-4370
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
Mgplus3 LLC
Frank H Dimartino
Warranty Deed
—
Oct 4, 2019
$310,000
Frank H Dimartino
Jv Ostrin LLC
Warranty Deed
$217,000 · Homeservicing Lndg LLC
Dec 6, 2012
$250,000
Jeffrey R Ostrin
Brian T Ducharme
Warranty Deed
$187,500 · Military Family Hl
Dec 6, 2012
$1
Jv Ostrin LLC
Ostrin,jeffrey R
Grant Deed
related
—
Nov 17, 2011
$1
Ryan J Dehler
Campbell,kyle G
Grant Deed
related
—
Jan 11, 2011
$97,500
Ryan Dehler
E Trade Bk
Grant Deed
—
Jan 11, 2011
$1
Brian T Ducharme
Dehler,ryan
Grant Deed
related
—
Jan 11, 2011
—
Brian T Ducharme
—
Deed Of Trust
related
$110,000 · Pinnacle Financial Corp
Jun 24, 2010
—
E Trade Bk
Pelczar,kevin J
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Apr 3, 2007
$377,400
Kevin Pelczar
Botelho,tarie
Warranty Deed
$339,600 · Credit Suisse Fir Fin
Dec 23, 2004
$370,000
Gerald Botelho
Wt Re Prop Mgmt LLC
Warranty Deed
$200,000 · Mortgage Capital Associates
Jul 1, 2003
$232,600
Diana Finegold
Olsen,torgeir
Warranty Deed
$177,000 · Zuckerman Family Nomi
Jun 15, 1998
—
Torgeir Olsen
—
Deed Of Trust
related
$108,750 · National Standard Mortgage Co
Oct 29, 1996
—
Torgeir Olsen
—
Deed Of Trust
related
$108,000 · Security Funding Lsng
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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