multifamily
34 Marshall Street
Putnam, Connecticut 6260
Price
$850,000
Price/SF
$157.35/SF
Building Size
5,402 SF
Lot Size
0.15 acres
Year Built
1870
NOI
$73,161
Units
7
Property Description
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.
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Additional Details
Zoning
R-7
MLS Number
24191809
Property ID
4cd59d9d-d7b6-4801-87ec-ebfa6885b91c
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MLS Information
MLS#: 24191809
Listed by: Homecoin.com
Agent: Jonathan Minerick • (888) 400-2513 • info@homecoin.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.