Reddy Realty

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PRICE $465,000 dsIDX morgage calculator
BEDS 8
BATHS 3
HOME SIZE 3,499 sqft
LOT SIZE 2.30 ac

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.

FORECLOSURE
This listing may be a bank owned (foreclosed) property.

DAYS ON MARKET 2 LAST UPDATED 3/3/2026
YEAR BUILT 1877 GARAGE SPACES 4.0
COUNTY Windham STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Moosup
Jr. High School Plainfield
High School Plainfield


ADDITIONAL DETAILS
AIR None
BASEMENT Full, Unfinished, Yes
CONSTRUCTION Clapboard, Frame
GARAGE Yes
HEAT Forced Air, Oil
LOT 2.3 acre(s)
LOT DESCRIPTION Corner Lot
SEWER Septic Tank
STYLE Units are Side-by-Side
TAXES 4067
WATER Public
ZONING RA19
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 365 PUTNAM ROAD
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Listing courtesy of Houlihan Lawrence
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.

This IDX solution is (c) Diverse Solutions 2026.