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Land with Home for Sale in Plainfield, Connecticut

365 Putnam Rd, Plainfield, CT 06239

$465,000
2.3 acres
Active
ago
Est $2,569/mo

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.

4,272
Sq feet
8
Beds
3
Full baths
1877
Built

Location

Street address
365 Putnam Rd
Elevation
258 feet
Coordinates
41.746, -71.9076

Directions

On the corner of Fountain and Putnam Road, within the Wauregan villiage

Property details

Acreage
2.3 acres
Zoning
RA19
MLS #
CTMLS 24154093
Posted

Property taxes

2026
$4,067

Details and features

Listing

Type
Residential Multi Family

Lot

Features
Corner Lot

Exterior

Pool
Porch
Features
Porch-Enclosed, Shed, Porch, Deck

Structure

Basement
Full, Unfinished
Water
Private

Interior

Room Count
20
Rooms
Basement, Bathroom x 3, Bedroom x 8

Nearby schools

NameType
MoosupElementary
PlainfieldHigh

Listing history

DateEventPriceChangeSource
Mar 3, 2026New listing$465,000CTMLS
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This 2.3-acre property is located at 365 Putnam Rd in Plainfield, CT 06239. The property is available for sale for $465,000. It has a 4,272 sq ft 8 bedroom, 3 bath house built in 1877.

Checked 1 hour ago — Updated

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