Under Contract

365-367 Putnam Road

Plainfield, CT 06239
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Bed 8

Bed

Bath 3

Bath

SqFt3,499

Sqft

Acres2.30

Acres(Lot)

Looking for easy, low maintenance and low overhead - this fully remastered, High-Yield Two-Family Investment located on the Danielson boarder...Renovated from roof down with only $4k in annual taxes; This investment offers exceptional scale, condition, and income potential. With a gross expected rent of $79k/year, our expected cap rate comes in at 13%. Each unit is configured as a massive four-story townhome, featuring 3 BR layouts that live and sleep like four, delivering flexible living space and strong rental appeal. The property also includes four garage bays, providing an additional income stream and enhancing overall yield. When fully leased across both residential units and all garage bays, the property demonstrates strong investment performance, with projected returns outlined in t he attached pro forma. The pro forma details rental assumptions, garage income, and operating considerations for a clear view of the property's income potential. Just beyond the garage in the rear of the property includes an overgrown tennis court. Due to zoning, this Conveniently located within walking distance to a mini mart and package store, and minutes to Interstate 395, the property offers both accessibility and neighborhood convenience. A rare opportunity to acquire a turnkey, income-producing multi-family asset with multiple revenue streams, scale, and upside - Massive lot with 2.4 acres.

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Detail Ic Property Details

Property Type : Residential Income

Price : $465,000

AD Id : 75778072

MLS Id : 24154093

Beds : 8

Lot Size : 2.30 Acres

Living Area Size : 3,499

Year Built : 1877

Garage : 4

County : Windham

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 20 Has Basement: Yes Basement: Full, Unfinished
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt
  • Heating & Cooling

    Has Heating: Yes Heating: Oil, Forced Air Cooling: None

  • Building Information

    Year Built: 1877 Building Area Total: 4272 Construction Materials: Frame, Clapboard Patio And Porch Features: Deck, Porch Private Pool: No

  • Lot Information

    Lot Size Acres: 2.3 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $465000

  • Tax Information

    Parcel Number: 1700443 Annual Tax: $4067

  • Garage Information

    Has Garage: Yes Garage Space: 4

  • School Information

    Elementary School: Moosup
    Junior High School: Plainfield
    Senior High School: Plainfield
  • Location Information

    Direction: On the corner of Fountain and Putnam Road, within the Wauregan villiage WaterSource: Public
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At $132.90 per sq.ft.,this listing is priced below average compared to other multifamily from Plainfield.

The average multifamily price in Plainfield is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Windham County is $540257.14 with avg. price / sq.ft of $3659.00.

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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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 04/06/2026 @ 18:42

MLS: 24154093 LISTED BY: Kyle Neumann, Houlihan Lawrence SOURCE: SmartMLS

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