Looking for a turn-key investment with income from day one? Here it is- Welcome to 114-116 Grove Street. This isn't just a property; it's a curated investment! Perfectly situated in the heart of downtown Putnam, this property is on a highly desirable, tree-lined street just steps away from popular restaurants, boutiques, and all the amenities that make downtown living so attractive. With one unit fully renovated and both units rented, this well-maintained property is set up for immediate cash flow. The thoughtful tenant mix includes a long-term tenant who assists with exterior upkeep and another tenant eager to stay long-term, offering stability and ease of management. Plus, there's untapped potential! The property features additional finished space with a full bathroom that isn't currently in use. This flexible area provides flex space or could potentially become part of an expanded rental offering-unlocking even greater income potential. Seize this rare downtown Putnam gem and make 114-116 Grove Street the marquee asset in your portfolio! Floor plan is available in MLS.
Sold for $490,000
$490,000
114 Grove Street, Putnam, CT 06260
6beds
4,014sqft
Multi Family
Built in 1870
-- sqft lot
$536,900 Zestimate®
$122/sqft
$1,719 Estimated rent
Home value
$536,900
$435,000 - $666,000
$1,719/mo
Zestimate® history
Owner options
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$1,719/mo
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$1,719/mo
Rent Zestimate®
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$3,315/mo
Est. payment
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$3,315/mo
Est. payment
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List your homeWhat's special
Tree-lined streetFlexible area
Zillow last checked:
Listing updated:
Listed by:
Marquee Team of Berkshire Hathaway Home Services New England Properties,
Jennie Kesselman 860-576-3696,
Berkshire Hathaway NE Prop. 860-633-3674
Bought with:
Ronald C. Dimaline, RES.0813093
HomeSmart Professionals Real Estate
Source: Smart MLS,MLS#: 24058029
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Oil
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Water Heater
- Laundry: In Unit
Features
- Basement: Full
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 4,014
- Total interior livable area: 4,014 sqft
- Finished area above ground: 4,014
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 3
Lot
- Size: 0.26 Acres
- Features: Corner Lot, Level
Details
- Parcel number: 1712332
- Zoning: R-7
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard, Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Putnam
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $490,000-6.5%$122/sqft |
Source:  Smart MLS #24058029 Report a problem | ||
| 11/16/2024 | Pending sale | $524,000$131/sqft |
Source: Smart MLS #24058029 Report a problem | ||
| 11/5/2024 | Listed for sale | $524,000+23.3%$131/sqft |
Source: Smart MLS #24058029 Report a problem | ||
| 2/27/2024 | Sold | $425,000+6.5%$106/sqft |
Source: Smart MLS #170617963 Report a problem | ||
| 1/18/2024 | Pending sale | $399,000$99/sqft |
Source: Smart MLS #170617963 Report a problem | ||
| 1/13/2024 | Listed for sale | $399,000+470%$99/sqft |
Source: Smart MLS #170617963 Report a problem | ||
| 7/2/2007 | Sold | $70,000-62.2%$17/sqft |
Source: Public Record Report a problem | ||
| 1/5/2004 | Sold | $185,000+137.2%$46/sqft |
Source: Public Record Report a problem | ||
| 3/22/1996 | Sold | $78,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,452 -11.2% | $333,400 +16.1% |
| 2024 | $9,514 +65.4% | $287,100 +58.7% |
| 2023 | $5,751 +3.6% | $180,900 |
| 2022 | $5,552 +2.9% | $180,900 |
| 2021 | $5,398 | $180,900 |
| 2020 | $5,398 -7.1% | $180,900 -1.4% |
| 2019 | $5,810 +8.8% | $183,500 +4.6% |
| 2018 | $5,339 +3.5% | $175,400 |
| 2017 | $5,157 +11.2% | $175,400 |
| 2016 | $4,638 +2.4% | $175,400 |
| 2015 | $4,529 -3.8% | $175,400 -12.6% |
| 2014 | $4,710 +4.4% | $200,700 |
| 2013 | $4,510 +50.4% | $200,700 |
| 2012 | $2,998 +7.1% | $200,700 |
| 2011 | $2,798 -33.1% | $200,700 |
| 2010 | $4,183 | $200,700 |
| 2009 | $4,183 +163.2% | $200,700 +206.9% |
| 2008 | $1,589 -29.8% | $65,400 -31.7% |
| 2007 | $2,263 +6.8% | $95,800 |
| 2006 | $2,119 +3.1% | $95,800 |
| 2005 | $2,055 -3.6% | $95,800 |
| 2004 | $2,132 +31.4% | $95,800 +1.9% |
| 2003 | $1,622 -34.8% | $94,000 -19.3% |
| 1995 | $2,487 | $116,480 |
Find assessor info on the county website
Neighborhood: 06260
Nearby schools
GreatSchools rating
- 4/10Putnam Elementary SchoolGrades: PK-4Distance: 1.4 mi
- 5/10Putnam Middle SchoolGrades: 5-8Distance: 1.4 mi
- 5/10Putnam High SchoolGrades: 9-12Distance: 0.7 mi
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$536,900
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+$10,738
With Zillow Showcase(estimated)
$547,638
- Connecticut
- Windham County
- Putnam
- 06260
- 114 Grove Street
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