Prime Value-Add 3-Family Investment Opportunity - Putnam, CT Unlock the potential of this three-family property in the heart of Putnam, CT-a perfect value-add opportunity for investors or owner-occupants looking to generate passive income. This asset features three units, each offering strong rental potential with room for cosmetic upgrades to maximize returns. Key Highlights: Two fully occupied units with below-market rents-opportunity for immediate upside Separate utilities for easy management and tenant responsibility Off-street parking and a large backyard for added tenant appeal Prime location near downtown Putnam, shopping, dining, and major highways Value-add potential through renovations and market rent increases With Putnam's growing rental demand, this property offers a rare chance to increase cash flow and build long-term equity. Don't miss this investment opportunity-schedule a showing today!
Sold for $225,000
$225,000
68-70 Smith Street, Putnam, CT 06260
6beds
2,100sqft
Multi Family
Built in 1867
-- sqft lot
$354,400 Zestimate®
$107/sqft
$2,046 Estimated rent
Home value
$354,400
$312,000 - $393,000
$2,046/mo
Zestimate® history
Owner options
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$2,046/mo
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$2,046/mo
Rent Zestimate®
Refinance and save
$1,268/mo
Est. payment
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$1,268/mo
Est. payment
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List your homeWhat's special
Off-street parkingLarge backyard
Zillow last checked:
Listing updated:
Listed by:
Marco Epifani 860-786-2854,
eRealty Advisors, Inc. 203-989-3635
Bought with:
Marco Epifani, REB.0795726
eRealty Advisors, Inc.
Source: Smart MLS,MLS#: 24077805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Other
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
- Finished area above ground: 2,100
Property
Parking
- Parking features: None
Lot
- Size: 7,405 sqft
- Features: Level
Details
- Parcel number: 1711187
- Zoning: R-7
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Masonry
- Roof: Shingle
Condition
- New construction: No
- Year built: 1867
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Putnam
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $225,000+2.7%$107/sqft |
Source:  Smart MLS #24077805 Report a problem | ||
| 3/26/2025 | Pending sale | $219,000$104/sqft |
Source: Smart MLS #24077805 Report a problem | ||
| 3/3/2025 | Listed for sale | $219,000+229.9%$104/sqft |
Source: Smart MLS #24077805 Report a problem | ||
| 2/14/2002 | Sold | $66,380-36.2%$32/sqft |
Source: Public Record Report a problem | ||
| 4/18/1988 | Sold | $104,000$50/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,661 -21.3% | $144,400 +2.8% |
| 2024 | $4,653 +64.1% | $140,400 +57.4% |
| 2023 | $2,836 +3.6% | $89,200 |
| 2022 | $2,738 +2.9% | $89,200 |
| 2021 | $2,662 | $89,200 |
| 2020 | $2,662 +17% | $89,200 +24.1% |
| 2019 | $2,276 +4% | $71,900 |
| 2018 | $2,189 +3.5% | $71,900 |
| 2017 | $2,114 +11.2% | $71,900 |
| 2016 | $1,901 +2.4% | $71,900 |
| 2015 | $1,856 -2.7% | $71,900 -11.6% |
| 2014 | $1,908 +4.4% | $81,300 |
| 2013 | $1,827 +50.4% | $81,300 |
| 2012 | $1,215 +7.2% | $81,300 |
| 2011 | $1,133 -33.1% | $81,300 |
| 2010 | $1,694 | $81,300 |
| 2009 | $1,694 +0.4% | $81,300 +17% |
| 2008 | $1,688 +2.8% | $69,500 |
| 2007 | $1,642 +6.8% | $69,500 |
| 2006 | $1,537 +3.1% | $69,500 |
| 2005 | $1,491 -3.6% | $69,500 |
| 2004 | $1,546 +94.7% | $69,500 +51.1% |
| 2003 | $794 -48.7% | $46,000 -36.5% |
| 1995 | $1,547 | $72,450 |
Find assessor info on the county website
Neighborhood: 06260
Nearby schools
GreatSchools rating
- 4/10Putnam Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 5/10Putnam Middle SchoolGrades: 5-8Distance: 0.6 mi
- 5/10Putnam High SchoolGrades: 9-12Distance: 0.5 mi
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$354,400
2% more
+$7,088
With Zillow Showcase(estimated)
$361,488
- Connecticut
- Windham County
- Putnam
- 06260
- 68-70 Smith Street
Nearby cities
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