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$795,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 11 Total Beds
  • Updated 4 hours ago
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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.

Full Property Details for 7 Broad St

General

  • Price: $795,000
  • Taxes: (July 2026-June 2027)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24207846
  • Updated: Today (9/17/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 26

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Bedrooms

  • Total Bedrooms: 11

Location

  • County: New London
  • Driving Directions: Call Agent

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Air, Gas In Street
  • Heating Fuel: Gas In Street
  • Water Heater: Upright Tank

Utilities

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

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full
  • Roof: Asphalt Shingle
  • Square Feet: 5,069
  • Above Ground: 5,069 Sq. Ft.
  • Year Built: 1820

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Full Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.39
  • Zoning: MF
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $263,400
  • Tax Year: July 2026-June 2027

Disclosures and Reports

  • Property ID: 2413771

Listed by VC Property Group, LLC, Anthony Velez

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Listing agent

— 7 Broad St —

  • Anthony Velez

    VC Property Group, LLC

Agent Contact: (860) 300-3102 Office Contact: (860) 300-3102

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 7 Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Listed
$795,000
783.33%
MLS
2/21/1996
Sold
$90,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7 Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,660
6%
$263,400
—
2023
$10,062
7%
$263,400
36%
2023
$9,441
—
$194,100
—
2022
$9,410
—
$194,100
—
2021
$9,441
—
$194,100
—
2020
$9,408
1%
$194,100
—
2019
$9,315
-2%
$194,100
-1%
2018
$9,523
-1%
$196,800
—
2017
$9,592
-1%
$196,800
—
2016
$9,655
2%
$196,800
—
2015
$9,458
5%
$196,800
—
2014
$9,039
10%
$196,800
-23%
2011
$8,229
—
$255,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by VC Property Group, LLC, Anthony Velez

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7 Broad Street, Norwich, CT 06360 (MLS# 24207846) is a Multi-Family property with 6 units containing 11 bedrooms and 7 full bathrooms. 7 Broad Street is currently listed for $795,000 and was received on September 17, 2026. Want to learn more about 7 Broad Street? Do you have questions about finding other Multi-Family real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.

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