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33455819
33485569

34 Marshall Street, Putnam, CT 06260

AM
CT 000001
$850,000
6 days on market
Updated 1 day ago

34 Marshall Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,404
Units 7
Cap Rate 8.61%
NOI $73,161
Occupancy 100%
Tenancy Multi
Price per SqFt $157
Class B
Year Built 1870
Year Renovated 2024
Buildings 1
Lot Size (SqFt) 6,500
Zoning R-7
Parking Spaces per unit
Investment Type Stabilized

Newly Renovated, 100% Leased 7 Unit in Downtown Putnam

Marketing description

Turnkey multifamily investment opportunity in the heart of Putnam, CT. This fully leased 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five one-bedroom/one-bath units and two two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024).

Favorable expense structure as all utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. 100% occupied with some room to increase rents in a very high demand / low inventory area.

Investment highlights

$98,000+ Annual Rent Roll

Low Expenses as Tenants pay their own utilities

8.61% Cap Rate

Listing Contacts

AM
CT 000001

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$73,161.00
$6,096.75/mo

Valuation Metrics

0
DSCR
8.61%
Cap Rate
8.61%
ROI

Map

Zoning

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R-7 ResidentialTwo FamilyResidential
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Last updated Feb 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Alex Macielak
License
000001
Brokerage Phone
5187880249
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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