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46 Grove Street

Putnam, Connecticut 06260

PENDING$439,995
Beds
7
Baths
3 | 1
SqFt
2,604
Acres
0.25
Year Built
1860
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

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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

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

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,851

per 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

Homes with a close match in area, property type, and price.

Listed By

Marco Epifani

The Hive Real Estate LLC

(860) 786-2854

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.