Sold for $1,037,500

$1,037,500

213-215 Providence Street, Putnam, CT 06260

15beds

8,085sqft

Multi Family

Built in 1920

-- sqft lot

$1,115,200 Zestimate^®

$128/sqft

$1,590 Estimated rent

Home value

$1,115,200

$993,000 - $1.25M

$1,590/mo

Zestimate^® history

Owner options

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$1,590/mo

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$1,590/mo

Rent Zestimate^®

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$5,847/mo

Est. payment

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$5,847/mo

Est. payment

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What's special

Presenting this turnkey 8 unit income producing asset located in beautiful Putnam, CT. The property features two separate buildings one housing 6 units and the other 2 units along with an assigned parking lot. The unit breakdown is as follows; 2 - three bed/one bath units, 3 - two bed/one bath unit and 3 - one bed/one bath units. The building has been well maintained and managed with a two new roofs in 22', new decks/staircases and updated/well maintained mechanicals. CapEx has been addressed. Both structure and units are in great condition with 6 of 8 being fully renovated. 213-215 Providence St presents an extremely strong rent roll at purchase. Current NOI is nearly $93,000 at a cap rate of 8.37%. With rental increases pro forma NOI will be $113,000 at a cap rate of 10.3%.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 15
Bathrooms: 8
Full bathrooms: 8

Heating

Baseboard, Electric, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Electric Water Heater, Water Heater
Laundry: Coin Op Laundry, Common Area

Features

Basement: Full
Attic: Storage,Walk-up
Has fireplace: No

Interior area

Total structure area: 8,085
Total interior livable area: 8,085 sqft
Finished area above ground: 8,085

Property

Parking

Total spaces: 12
Parking features: None, Paved, Parking Lot, Off Street

Features

Has view: Yes
View description: City

Lot

Size: 9,583 Square Feet
Features: Level

Details

Parcel number: 1711201
Zoning: R-7

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Clapboard
Foundation: Stone
Roof: Asphalt

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Near Public Transport, Library, Medical Facilities, Private School(s), Shopping/Mall

Location

Region: Putnam

Financial & listing details

Price per square foot: $128/sqft
Tax assessed value: $230,500
Annual tax amount: $9,953
Date on market: 5/16/2024

Price history

Date	Event	Price
6/26/2026	Listing removed	$1,600
Source: Zillow Rentals Report a problem
5/16/2026	Price change	$1,600-3%
Source: Zillow Rentals Report a problem
4/27/2026	Listed for rent	$1,650+37.5%
Source: Zillow Rentals Report a problem
10/16/2025	Listing removed	$1,200
Source: Zillow Rentals Report a problem
9/16/2025	Price change	$1,200-4%
Source: Zillow Rentals Report a problem
9/9/2025	Listed for rent	$1,250
Source: Zillow Rentals Report a problem
5/15/2024	Sold	$1,037,500-5.7%$128/sqft
Source: Smart MLS #24003188 Report a problem
3/17/2024	Pending sale	$1,100,000$136/sqft
Source: Smart MLS #24003188 Report a problem
3/13/2024	Listed for sale	$1,100,000$136/sqft
Source: Smart MLS #24003188 Report a problem