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488 School St, Putnam
$270,000
3 Beds ⋅ 2 Baths ⋅ 24213143 MLS
Opportunity awaits at 488 School Street in Putnam! Built in 1930, this home offers 6 rooms, including 3 bedrooms and 1.5 baths, set on a .41-acre lot. Features include a detached one-car garage, full unfinished basement, mudroom, and a woodstove that can provide an alternative heat source and help offset today's high heating costs. While the home is dated and would benefit from cosmetic updates, it remains livable and move-in ready, offering buyers the chance to make improvements over time and add their own personal touches. The exterior has areas of peeling paint that will need attention and may limit financing options, so buyers should consult with their lender regarding property condition requirements. Whether you're looking for your first home, a renovation project, or an opportunity to build equity, this property offers potential in a convenient Putnam location. Bring your ideas and explore the possibilities! Being Sold in "AS-IS" condition.

488 School St, Putnam

67 Perry St Unit 114, Putnam
$270,000
2 Beds ⋅ 2 Baths ⋅ 24209356 MLS ⋅ Heritage Pines Estates BLDG.
Welcome to Heritage Pines Estates, where comfort, convenience, & low-maintenance living come together in this extensively renovated 2-bedroom, 2-full-bath condo. Nearly every aspect of this unit has been thoughtfully crafted, with an emphasis on quality workmanship & attention to detail. The renovations include new cabinetry, granite countertops, backsplash, stainless steel appliances, sinks and vanities, updated light fixtures, new flooring, new interior doors, new windows, and professional painting throughout. Thoughtful finishing touches, including a shiplap accent wall and custom shelving, add character and showcase the attention to detail carried throughout the renovation. A new washer and dryer and new hot water tank complete the improvements. The result is a beautifully finished home where the work has already been done, just move in and enjoy. Professionally managed Heritage Pines Estates offers the ease of condo living with two assigned parking spaces and an HOA that includes snow removal, lawn care, trash pickup, and access to the clubhouse. Centrally located near shopping, dining, entertainment, medical facilities, I-395 and Route 44, plus an easy commute to RI & MA. Just minutes from downtown Putnam and its popular restaurants, shops, and local attractions. HOA Fee: $353/month, Pet-friendly with restrictions.

67 Perry St Unit 114, Putnam

21-23 George St, Putnam
$249,900
6 Beds ⋅ 2 Baths ⋅ 24196730 MLS
Exceptional opportunity for investors and owner-occupants alike! This two-family home has one vacant unit and one occupied currently generating $1625 per month in gross rental income while being offered at just $265,000. Opportunities to acquire a property with this level of income at this price point are becoming increasingly difficult to find. This Putnam two-family is located on a quiet dead-end street just a short walk from downtown's restaurants, shops, and amenities. Each unit offers three bedrooms and one full bath, providing spacious layouts that remain highly desirable to tenants. With nearly 2,000 square feet of living space on a manageable 0.14-acre lot, the property delivers strong rental performance without the burden of extensive grounds maintenance. Putnam's ongoing downtown revitalization continues to attract residents seeking a walkable lifestyle, helping support strong demand for well-located rental housing. Whether you're looking to add a cash-flowing asset to your portfolio or offset your mortgage with rental income, 21 George Street represents an affordable entry into investment property ownership with income already in place from day one.

21-23 George St, Putnam

no property photo
$235,000
24208250 MLS
35.41 Acres of Beautiful, Mostly Level Land with Brook Discover the possibilities on this beautiful 35.41-acre parcel of mostly level land, offering a peaceful setting with a scenic brook running along the property. Gravel has been removed, topsoil has been added, and the land has been seeded, providing a well-prepared setting for future development, recreation, agriculture, or investment. The property may offer potential for subdivision, subject to town approvals, zoning, and applicable regulations. Access is provided by an easement located in Killingly on Kelly Road, while the property itself is located in East Putnam. The easement provides for ingress, egress, and utilities. A unique opportunity to own a substantial piece of land with natural beauty, usable terrain, and potential for a variety of future uses. Buyer to perform their own due diligence regarding zoning, subdivision potential, utilities, access, and permitted uses.

Putnam

115 Groveland Ave, Putnam
$199,900
24150989 MLS
Development Opportunity! Town-approved condominium project with fully engineered plans available by request, set on a private lot with views. This offering conveys development rights only for an approved condominium complex consisting of two existing townhouses and approvals for eight additional units to be built. Prior approvals are in place with the Town, underground utilities are on site, and initial infrastructure work has been completed. Public water and sewer available, paved drive installed, condominium documents recorded, and unit building plans are available. This is an opportunity to own or develop a planned community in the northeast corner of Connecticut, with convenient proximity to both Rhode Island and Massachusetts. For the full package offering including land and existing units, please see MLS #24150988.

115 Groveland Ave, Putnam

406 Sabin St, Putnam
$150,000
24177764 MLS
Rare opportunity to acquire a potential residential development site located within a Qualified Opportunity Zone in Putnam. Previously approved subdivision plans in 2008 along with updated conceptual plans completed in 2022 provide valuable groundwork for future development. The property was designed for a proposed 12-unit subdivision with city water and sewer available, offering excellent future upside for builders, developers, and investors seeking long-term investment potential in northeastern Connecticut. Public utilities already available to the site provide a significant advantage while supporting continued housing demand in the area. Conveniently located near downtown Putnam, shopping, restaurants, schools, and I-395, the property combines location convenience with strong residential development potential. Opportunity Zone designation may provide potential tax advantages to qualified investors, including the potential for deferred and reduced capital gains taxes through qualified investment structures. Buyers to perform their own due diligence regarding approvals, permits, utility connections, development feasibility, and Opportunity Zone requirements.

406 Sabin St, Putnam

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