19-21 Mohegan Street, Putnam, CT. Spacious double-lot 3-family property featuring an in-ground pool, fully fenced yard, and multiple sheds. The right side unit spans the basement, first, and second floors with 4 bedrooms and 1.5 baths. The lower left unit is a 1 bedroom 1 bath, and the top left unit with a sliding glass door is also a 1 bedroom 1 bath. Conveniently located just minutes from downtown Putnam amenities, shopping, and services. Easy commute to Worcester in about 25 minutes, Providence in about 45 minutes, and both New London and Hartford in under an hour. Currently occupied by tenants. 5 minutes to I-395 and major shopping with solid outdoor space and strong regional accessibility.
61-63 Pomfret Street, Putnam, CT 06260 Excellent turnkey investment in the heart of Putnam. This true side-by-side townhouse-style duplex has been thoroughly renovated and finished to a high standard. Each unit has its own first and second floor, private basement, and private fenced-in rear lawn. The left side offers 4 bedrooms and 1 bath, currently rented at $1,600/month. The right side offers 3 bedrooms and 1.5 baths, currently rented at $1,400/month. Combined gross rents are $3,000/month ($36,000/year). Both tenants are month-to-month. Updates include newer cabinets and countertops, fully renovated bathrooms, freshly painted walls throughout, and flooring in good condition. The roof is only 2 years old with 30-year architectural shingles, furnaces are 3 years old, and the building has brand-new vinyl replacement windows.Conveniently located near downtown Putnam restaurants, shops, and events with easy access to I-395. Worcester is approximately 28 miles, Providence about 33 miles, and New London roughly 48 miles. A clean, low-maintenance duplex ideal for investors seeking cash flow or an owner-occupant.
Exceptional opportunity for investors and owner-occupants alike! This two-family home has one vacant unit and one occupied currently generating $1625 per month in gross rental income while being offered at just $265,000. Opportunities to acquire a property with this level of income at this price point are becoming increasingly difficult to find. This Putnam two-family is located on a quiet dead-end street just a short walk from downtown's restaurants, shops, and amenities. Each unit offers three bedrooms and one full bath, providing spacious layouts that remain highly desirable to tenants. With nearly 2,000 square feet of living space on a manageable 0.14-acre lot, the property delivers strong rental performance without the burden of extensive grounds maintenance. Putnam's ongoing downtown revitalization continues to attract residents seeking a walkable lifestyle, helping support strong demand for well-located rental housing. Whether you're looking to add a cash-flowing asset to your portfolio or offset your mortgage with rental income, 21 George Street represents an affordable entry into investment property ownership with income already in place from day one.
Excellent opportunity to own a versatile 3-family property in the heart of Putnam! This well-located multi-family home offers an outstanding opportunity for both investors and owner-occupants. Live in one unit while generating rental income from the others, or add a solid income-producing property to your portfolio. Situated on a 0.31-acre level lot, the property features three residential units, a detached 3-car garage, ample paved parking, and public water and sewer. Conveniently located just minutes from vibrant Downtown Putnam, you'll enjoy easy access to restaurants, shops, parks, schools, and local amenities, making this an attractive location for tenants and homeowners alike.
Turnkey multifamily investment opportunity in the heart of Putnam, CT. This 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five (5) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024). All utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. Current 8.6% cap rate with room to improve.
Exceptional opportunity to own this well-maintained 1895 three-family up/down property ideally situated near downtown Putnam. The charming property offers comfortable and spacious three bedroom units filled with character. The first floor unit has been tastefully updated throughout, and the property features both garage storage and off-street parking. A solid investment with timeless appeal and strong income potential.
Charming Victorian 2-family set up high and framed by a classic stone wall, situated on a spacious .45-acre lot and fully occupied with strong cash flow from day one. Both tenants are in yearly leases, providing stability and consistent income, and each unit features separate utilities with individual boilers, with tenants paying their own heat and electric to help maximize returns. The first-floor unit offers 2 bedrooms, while the second-floor unit features 3 bedrooms, and both include washer and dryer hookups for added convenience. With plenty of paved parking, city water, city sewer, and natural gas, this property offers efficiency and ease of ownership. Located close to all the amenities Putnam has to offer - including shopping, dining, parks, and everyday conveniences - this is a versatile opportunity ideal for investors seeking immediate, reliable income or owner-occupants looking to live in one unit while benefiting from rental income in the other. Recent work done on the property is as follows: Main sewer line replaced, both water heaters replaced, electrical panel main breaker replaced, furnaces replaced, and general painting and cleaning.
Putnam is located in Connecticut. Putnam, Connecticut has a population of 9,250. Putnam is more family-centric than the surrounding county with 29.72% of the households containing married families with children. The county average for households married with children is 25.48%.
The median household income in Putnam, Connecticut is $67,070. The median household income for the surrounding county is $71,418 compared to the national median of $69,021. The median age of people living in Putnam is 44.3 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 14.9 degrees. The average rainfall is approximately 50.3 inches per year, with 45 inches of snow per year.
