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$460,000
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Property 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 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.
Full Property Details
Full Property Details for 365-367 Putnam Rd
General
- Sold For: $460,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24154093
- Added to Site: 71 day(s) ago
Interior
- Number of Rooms: 20
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Porch-Enclosed, Shed, Porch, Deck
Parking
- Garage: Yes
- Garage Spaces: 4
- Parking: Detached Garage
Location
- County: Windham
- Driving Directions: On the corner of Fountain and Putnam Road, within the Wauregan villiage
School Information
- Elementary School: Moosup
- Middle School: Plainfield
- High School: Plainfield
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Oil
- Heating Fuel: Oil
- Water Heater: Domestic
Utilities
- Sewer: Septic
- Water: Public Water Connected
Structural Information
- Architectural Style: Units are Side-by-Side
- Construction Status: No/Resale
- Exterior Const.: Clapboard
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingle
- Attic: Yes
- Square Feet: 4,272
- Above Ground: 4,272 Sq. Ft.
- Year Built: 1877
Unit Information
Unit 1
- Square Feet: 1628
- Total Bathrooms: 1
- Bedrooms: 4
Unit 2
- Square Feet: 2013
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 2.3
- Zoning: RA19
- Lot Description: Corner Lot
Financial Considerations
- Assessment Amount: $170,460
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Bank-owned: Yes
- Property ID: 1700443
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Schools
Schools serving 365-367 Putnam Rd
School District:Plainfield School District
| Name | Grades | Distance |
|---|---|---|
Shepard Hill Elementary School 234 Shepard Hill Road, Plainfield, CT 06374 | PK-3 | 0.9 mi |
Plainfield Memorial School 95 Canterbury Road, Plainfield, CT 06374 | 4-5 | 4.6 mi |
Plainfield Central Middle School 75 Canterbury Road, Plainfield, CT 06374 | 6-8 | 4.6 mi |
Plainfield High School, Plainfield, CT 105 Putnam Road, Plainfield, CT 06332 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 365-367 Putnam Rd
Date
Details
Price
Change
Source
4/17/2026
Sold
$460,000
-1.08%
MLS
3/03/2026
Listed
$465,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
365-367 Putnam Road, Plainfield, CT 06239 (MLS# 24154093) is a Multi-Family property that was sold at $460,000 on April 17, 2026. This property was sold by Janet Audet from our East Greenwich Office.Want to learn more about 365-367 Putnam Road? Do you have questions about finding other Multi-Family real estate for sale in Plainfield? You can browse all Plainfield real estate or contact a Coldwell Banker agent to request more information.


