7 Broad Street, Norwich, CT 06360
FOR SALE
0.39 ACRES

7 Broad Street
Norwich, CT 06360

  • 10 Beds
  • 7 Baths
  • 5,069 sqft (on 0.39 acres)

$895,000

Est. Mortgage $5,773/mo*
Get Pre-Qualified

$895,000

Est. Mortgage $5,773/mo*
Get Pre-Qualified
10 Beds
7 Baths
5,069 sqft
(on 0.39 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$177
Listed
11 days ago

Home Details for 7 Broad Street

Interior Features

Interior Details
Basement: FullNumber of Rooms: 24
Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 7Number of Bathrooms (full): 7
Dimensions and Layout
Living Area: 5069 Square Feet
Appliances & Utilities
Appliances: Water Heater
Heating & Cooling
Heating: OtherNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Other
Fireplace & Spa
No Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: MasonryNo Private Pool
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 5069 Square Feet

Days on Market

Days on Market: 11

Property Information

Year Built
Year Built: 1820
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Units on different Floors
Building
Construction Materials: Vinyl SidingNot a New Construction
Property Information
Parcel Number: 2413771

Price & Status

Price
List Price: $895,000Price Per Sqft: $177
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: Active

Location

Direction & Address
City: Norwich
School Information
Elementary School: Per Board of EdHigh School: Per Board of Ed

Agent Information

Listing Agent
Listing ID: 24181790

Building

Building Area
Building Area: 5069 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.39 acres

Miscellaneous

BasementMls Number: 24181790Attic: NoneAttribution Contact: (860) 300-3102Above Grade Unfinished Area: 5069
Last check for updates: about 8 hours ago
Listing courtesy of Anthony Velez, (860) 300-3102
VC Property Group, LLC, (860) 300-3102
Source: Smart MLS, MLS#24181790
Also Listed on Smart MLS.

Market trends in Norwich

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$281K
$20.67KMoM
Sale-to-List Price
100.9%
0.2%MoM
Price per sq ft
$205
$1MoM
Available listings
98
17MoM

Price History for 7 Broad Street

DatePriceEventSource
06/06/2026$895,000Listed For SaleSmart MLS #24181790

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Comparable Sales for 7 Broad Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
227 Broadway, Norwich, CT
0.18
Multi-Family Home
$655,000
05/29/26
7
6
4,878
214 Broadway, Norwich, CT
0.17
Multi-Family Home
$830,000
12/19/25
8
6
6,064
221 Broadway, Norwich, CT
0.19
Multi-Family Home
$585,000
11/03/25
8
4
5,362
136 Washington Street, Norwich, CT
0.10
Multi-Family Home
$432,000
02/12/26
6
3
3,480
87 Broad Street, Norwich, CT
0.35
Multi-Family Home
$750,000
01/06/26
8
4
4,099
22 Perkins Avenue, Norwich, CT
0.23
Multi-Family Home
$475,000
09/17/25
7
3
5,063
117 Broad Street, Norwich, CT
0.40
Multi-Family Home
$615,000
10/01/25
6
4
3,223
61 Williams Street, Norwich, CT
0.51
Multi-Family Home
$455,000
07/18/25
6
4
3,755
18 Division Street, Norwich, CT
0.54
Multi-Family Home
$367,500
06/01/26
6
4
3,040

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 7 Broad Street.

What Locals Say about Norwich

At least 439 Trulia users voted on each feature.

  • 82 % Say car is needed

  • 75 % Say it's dog friendly

  • 71 % Say parking is easy

  • 70 % Say there's holiday spirit

  • 66 % Say yards are well-kept

  • 64 % Say there are sidewalks

  • 55 % Say there's wildlife

  • 52 % Say kids play outside

  • 49 % Say it's walkable to restaurants

  • 49 % Say streets are well-lit

  • 48 % Say people would walk alone at night

  • 47 % Say neighbors are friendly

  • 46 % Say it's quiet

  • 43 % Say they plan to stay for at least 5 years

  • 36 % Say it's walkable to grocery stores

  • 19 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Fancyfqnacy
    "What makes this neighborhood unique is That I can’t get to my local store very often and you can wake save on the daytime ."
    0
    Flag
  • Joshua Koplowitz
    "Honestly, a lot of the dogs aren’t very well socialized and some seem pretty aggressive……………….,..,…."
    2
    Flag
  • Trulia User
    " I think they would like everything in this neighborhood there's lots of friendly dogs friendly people "
    0
    Flag
  • Trulia User
    "There are enty of families, pets, and local sores. As well as, a walmart, target, etc, nearby. Best for people with a car, but there is reasonable public transport. "
    4
    Flag
  • Yohana1291
    "Everyone mind their own business, no one bothers you and is safe. So far we been living here for 4 years. We move from New York City and so far we like it here. Feels like country field even my dog loves it here."
    3
    Flag
  • Babydoll4blaine69
    "It’s decent commute to stores and work and places to go to but not a lot of good site seeing places to grab from the area but the commute to get to thoses places highway close by to get to "
    0
    Flag
  • Donica J.
    "Well there are a lot of dogs around most on leashes being walked. There’s a good size dog park here in Norwich everyone is pretty friendly there !"
    0
    Flag
  • Kenbrando
    "Beans dont fry in the kitchen and they dont burn on the grill either...Safe and stable neighborhood. Neighbors stay to themselves and keep up on their properties."
    4
    Flag
  • Shelline J.
    "There is good transportation system. The bus system is well maintained and handicap accessible. I use my car and i dont have to worry about street parking most of the time. "
    1
    Flag
  • Caitlin
    "Not particularly safe due to people who drive unsafe and commit crimes nearby. I would not recommend for families"
    0
    Flag
  • Kaelyn C.
    "been here for a year now, it's quiet despite being a relatively busy town and all my neighbors are super friendly "
    0
    Flag
  • Mariely A. .
    "sure it’s nice, people make the area not safe but if you’re cautious you should be fine. also people tend to think norwich is gang violence but let’s be honest. "
    0
    Flag
  • Matt P.
    "Legendary neighborhood with nice people and fun things to do. The library is one of my favorite cool hangouts. Neighbors generally pick up poop after the chihuahua poops on the ground. It is overall a fun and freiinty neighborhood.. I love it. Don’t want to live here for good though. Not sung enough."
    0
    Flag
  • Mathew M.
    "There is theft and general crime. People smoking week on their decks. You can hear the neighbors cussing their kids out in their homes on the street. "
    2
    Flag
  • Gmpast
    "it's great quiet neighborhood, love visiting here, been considering moving here. Been looking in paper and online for place to rent"
    0
    Flag
  • Elizabeth B.
    "great school for kids there is two different parks..the area has barbershops hair dressers and small delis "
    11
    Flag
  • Tina S.
    "great take bus or my truck lil on the rough side every now and then but great most of the time busy with work and stuff"
    0
    Flag
  • Dannikaavent
    "We have a lot of cultural festivals, 5k runs, sports, community programs, churches and small businesses."
    0
    Flag
  • Jessica C.
    "The town is just dirty in some parts. People are friendly for the most part, but I’ve noticed that the people around Washington st, into School st are generally not nice to their animals and I don’t do well with that. Uhhh public transit is good. Across the st. "
    0
    Flag
  • Jenny B.
    "People come out for events like The Chelsea Parade, the Carnival, fireworks on 4th of July by the marina, and other festivals"
    0
    Flag
  • Dannikaavent
    "The schools are diverse, start full day at 3 years old and have free meals for all kids. The city is pretty safe and welcoming."
    0
    Flag
  • Wayne F.
    "there is a great historical park. With a small public beach, great for walking running. Stroller, bikes are welcome and handicap accessible. There also two free playgrounds, one has a handicapp swing. picnic tables are located through the wooded areas. "
    0
    Flag
  • Reggie D.
    "you see people walking their dogs all the time joggers running quiet neighborhoods a great place to raise your children "
    5
    Flag
  • Shampayne P.
    "i’ve lived here for 3 years and everyone is friendly and respectful. rated five stars for me. norwich is great in different aspects "
    0
    Flag
  • April M Lussier
    "It's just like any other town; there's good and bad, but it's not as bad as some people make it out to be. I love the parks and wildlife here and people are generally friendly."
    28
    Flag
  • Walter T.
    "Down or the casino Sometimes at the high schools all the churches that are in the surrounding area this is not a highly active area most of the opportunities for entertainment or at the casino or out of town"
    0
    Flag
  • Leecy R.
    "no one interacts with anyone and plot against each other there is no unity in the community and the community is very selective."
    0
    Flag
  • Leecy R.
    "can be quiet at times no one really gets in each others business unless you let them. everyone comes home closes their door and goes in their living quarters and dont really talk to anyone. no community events around greenville probably with the bad rap of drug dealing going on because of lot of unemployed persons. looks like a lot of drama with child support a heavy police presence and cameras. "
    0
    Flag
  • Maggie Y.
    "we have lots of nests for birds and bears roam free and eat all the honey and flowers and its a great community of jewish people "
    0
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  • Kellcyie R.
    "Norwich has NFA and anyone would be blessed to be going to NFA, Norwich has good parks, Norwich has everything is a walking distance. "
    0
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  • Meghan C.
    "People walk their dogs all the time in my neighborhood, but there’s also a lot of traffic so if people’s dogs get out they could get hit!! "
    0
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  • Andrew c.
    "Norwich ct: it is good because it is close to everything, but it is not the best for taxes and it's an old city with a downtown that needs revitalization"
    0
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  • Kurai_kokoro
    "It’s too quiet and everyone is trying too hard to act like they’re from. The South. I can hear crickets playing banjos."
    1
    Flag

LGBTQ Local Legal Protections

Anthony Velez, VC Property Group, LLC, (860) 300-3102
Agent Phone: (860) 300-3102
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
7 Broad Street, Norwich, CT 06360 is a 10 bedroom, 7 bathroom, 5,069 sqft multi-family built in 1820. This property is currently available for sale and was listed by Smart MLS on Jun 6, 2026. The MLS # for this home is MLS# 24181790.