202 Broadway, Norwich, CT 06360

Norwich
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
202 Broadway,Norwich, CT 06360
$895,000
  • 8 Beds
  • 7 Baths
  • 3,861 sq. ft.
  • Multi-family
  • Active
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc(860) 300-3102
MLS#:24181437
Source:CT

Price summary

  • Price:$895,000
  • Price per sq. ft.:$231.81

About this home

VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current rent roll reflects opportunity for significant value creation, with pro forma rents driving a projected NOI of ~$88K and a 14% cash on cash return, offering investors immediate scale with clear value creation. The asset benefits from 100% occupancy, off-street parking, and a highly desired LOCATION. The units are in above-market condition, allowing for immediate rent growth without the need for significant capital improvements. This is a true Day 1 cash-flowing asset with no major CapEx required-an increasingly rare profile in today's market where most value-add opportunities require heavy...

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Home facts

  • Year built:1843
  • Listing ID #:24181437
  • Added:1 day(s) ago
  • Updated:June 06, 2026 at 12:39 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:22
  • Basement Description:Full Basement
  • Living area:3,861 sq. ft.

Heating and cooling

  • Heating:Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1843
  • Building area:3,861 sq. ft.
  • Lot area:0.76 Acres
  • Lot Features:Level Lot
  • Construction Materials:Vinyl Siding

Schools

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

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$231.81
  • Tax amount:$10,700 (July 2025-June 2026)
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