46 Grove Street
Putnam, Connecticut 06260
- Beds
- 7
- Baths
- 3 | 1
- SqFt
- 2,604
- Acres
- 0.25
- Year Built
- 1860
- Neighborhood
- Putnam Heights
- Property Type
- 3 Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Don't miss this exceptional investment opportunity in the heart of Putnam! This character-rich multi-family property, built in 1860 and offering over 2,600 square feet of living space, is perfectly positioned to deliver strong cash flow from day one. Set on a generous quarter-acre lot, this income-producing gem offers the ideal combination of historic New England charm and modern rental demand. With Putnam's rental market thriving and this location just minutes from Route 395, tenants enjoy an easy commute to Worcester and Providence - keeping vacancy low and demand high. Downtown Putnam's growing dining and entertainment scene, including local favorites like 85 Main and the Courthouse Bar & Grille, adds to the neighborhood's appeal for quality, long-term renters. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking an owner-occupied income property, 46 Grove St checks all the boxes. Properties like this - with strong bones, a proven rental history, and a prime northeast Connecticut location - are increasingly hard to find at this price point. Schedule your showing today and start building equity tomorrow.
Key Facts
- City/Town
- Putnam
- Neighborhood
- Putnam Heights
- Property / Style
- Multi-Family · 3updown - Unit(s) per Floor
- Year Built
- 1860
- Days on Market
- 94 days
- Beds
- 7
- Baths
- 3 full · 1 half
- Living Area
- 2,604 sq ft
- Lot Size
- 0.25 acres
- Property Taxes
- $5,536 / Annually
Market Snapshot
The Putnam Market
Multi-Family · trailing 12 months
Active Listings
7
6 under contract
Median List Price
$398,900
7 active listings
Median Closed Price
$352,500
24 sales
Median Days on Market
42
7 active listings
Median $ / Sq Ft
$133
7 active listings
Sale-to-List Ratio
100.0%
24 sales
How this home compares
List Price
$439,995
vs $398,900 median
10.3% above median
Price / Sq Ft
$169
vs $133 median
27.1% above median
Days on Market
94 days
vs 42 days median
52 days longer than median
Based on 7 active and 24 closed sales (trailing 12 mo) of multi-family in Putnam. Source: SmartMLS · As of July 28, 2026.
Location
46 Grove Street, Putnam, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,243
- Property Taxes$461
- Insurance$147
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Putnam
- Neighborhood
- Putnam Heights
- County
- Windham
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- 3updown - Unit(s) per Floor
- Year Built
- 1860
- New Construction
- No/Resale
- Living Area
- 2,604 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- Oil
- Cooling
- None
- Basement
- FullFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.25 acres
- Zoning
- R-7
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Aluminum
- Roof
- Shingle
- Foundation
- Masonry
- Lot Description
- Corner Lot
Listing & Financials
- Property Taxes
- $5,536 / Annually
- Days on Market
- 94
- MLS #
- 24170152
- MLS Status
- Under Contract - Continue to Show
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 7:01 AM UTC.