$465,000
UNDER CONTRACT

365-367 Putnam Rd Plainfield, CT 06239

Estimated payment $2,759/month

Total Views 4,079
8 Beds
3 Baths
4,272 Sq Ft
$109 Price per Sq Ft

Highlights

  • 2.3 Acre Lot
  • Finished Attic
  • Corner Lot
  • Deck
  • Attic
  • Enclosed Patio or Porch

About This Home

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 the 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.

Listing Agent

Kyle Neumann

Houlihan Lawrence Brokerage Phone: (860) 370-3712 License #RES.0797564 Listed on: 03/03/2026

Houlihan Lawrence

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,067

Year Built

  • Built in 1877

Lot Details

  • 2.3 Acre Lot
  • Corner Lot

Home Design

  • Side-by-Side
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding

Interior Spaces

  • 4,272 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Parking

  • 4 Car Garage
  • Parking Deck

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Schools

  • Moosup Elementary School
  • Plainfield Middle School
  • Plainfield High School

Utilities

  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1700443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,067

Year Built

Built in 1877

Lot Details

2.3 Acres

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4272
  • Total Sq Ft: 4272
  • Year Built: 1877
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: On the corner of Fountain and Putnam Road, within the Wauregan villiage
  • Street Type: Road
  • Office Attribution Contact: (203) 438-0455
  • Reserve Prospect: No
  • Special Features: UnderContract

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Finished, Walk-up
  • Basement Description: Full, Unfinished
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch-Enclosed, Shed, Porch, Deck
  • Exterior Siding: Clapboard
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 4
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Lot Info

  • Acres: 2.3
  • Lot Description: Corner Lot
  • Zoning: RA19
  • Parcel #: 1700443

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 4067

MLS Schools

  • Elementary School: Moosup
  • Middle Jr High School: Plainfield
  • High School: Plainfield

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2026 03/03/26 For Sale $465,000 -- $109 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24154093

SmartMLS
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