365-367 Putnam Rd

Plainfield, CT 06387

$465,000
Price
8
Beds
4,272 Sq. Ft.
$109 / Sq. Ft.
4,272
Sq. Ft.
$109
per Sq. Ft.
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Under Contract - Continue To Show
Under Contract - Continue To Show
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a view of a room with wooden floor and a ceiling fan
a view of an empty room with wooden floor and a window
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a kitchen with cabinets stainless steel appliances and a counter space
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a view of an empty room with a window and wooden floor
a view of a hallway with wooden floor and stairs
a view of an empty room with window and a chandelier fan
a view of an empty room with wooden floor
a bathroom with a sink a toilet and shower
a view of empty room with wooden floor and fan
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Description

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...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.
  1. Listed by Kyle Neumann • Houlihan Lawrence
    P: (203)-438-0455 C: (860)-370-3712 kneumann@houlihanlawrence.com

Property Details for 365-367 Putnam Road

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
4
Neighborhood
N/A
Style
Units are Side-by-Side
Garage Parking Info
Detached Garage
Swimming Pool
No
LISTING UPDATED: 03/19/2026 02:21 AM

Property Details for 365-367 Putnam Road

StatusUnder Contract - Continue To Show
MLS #24154093
Days on Market15
Taxes$4,067 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1877
Lot Size2.30 AC / 100,188 SF
CountyWindham County
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Location

Listing Courtesy of Houlihan Lawrence, Kyle Neumann
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Building Information for 365-367 Putnam Road

Stories-Residences2Year Built1877Building Size-Lot Size2.30 AC / 100,188 SF

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$2,680 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,342

Property Taxes

$339

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 365-367 Putnam Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: On the corner of Fountain and Putnam Road, within the Wauregan villiage
  • Elementary School: Moosup
  • High School: Plainfield
  • Latitude: 41.746012
  • Longitude: -71.906916
  • Middle Jr High School: Plainfield
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $4,067
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch-Enclosed, Shed, Porch, Deck
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Finished, Walk-up
  • Cooling System: None
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 20
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Clapboard
  • Foundation Type: Block
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1877
  • Year Built Source: Public Records
  • Bank Owned Property: Yes
  • Sq Ft Description: Finished attics on both sides
  • Living Area SQFT Per Public Records: 3499
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 1700443
  • Sq Ft Est Heated Above Grade: 4272.0
  • Sq Ft Total: 4272.0
  • Zoning: RA19
Utilities
  • Heat Fuel Type: Oil
  • Hot Water Description: Domestic
  • Sewage System: Septic
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Vacant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 20
Unit 1
  • Unit Average Sq Ft: 2013
  • Unit Entry Order: 2
  • Unit Full Baths: 2
  • Unit Modified Date: 03-04-2026
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 10
Unit 2
  • Unit Average Sq Ft: 1628
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 03-04-2026
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 10

Property History for 365-367 Putnam Road

DateEvent & SourcePriceAppreciation
Feb 15, 2011

Closed (Public Record)

Public Record #327197209

$1—
DateEvent & SourcePrice
02/15/2011

Closed (Public Record)

Public Record #327197209

$1

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 365-367 Putnam Road

This home is within Plainfield School District.
Rating
School
Type
Grades
Distance
Plainfield Memorial School
Public - 4 to 5
Plainfield Central Middle School
Public - 6 to 8
Plainfield High School
Public - 9 to 12
Shepard Hill Elementary School
Public - PK to 3
Rating
School
Distance
Plainfield Memorial School
Public4 to 5

Plainfield Central Middle School
Public6 to 8

Plainfield High School
Public9 to 12

Shepard Hill Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Houlihan Lawrence, Kyle Neumann

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.