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21-23 George Street

Putnam, Connecticut 06260

ACTIVE$264,900

Reduced from $319,900

Beds
6
Baths
2
SqFt
1,993
Acres
0.14
Year Built
1890
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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Price Reduced

About This Home

Exceptional opportunity for investors and owner-occupants alike! This fully rented two-family home generates $3,025 per month in gross rental income ($36,300 annually) 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.

Key Facts

City/Town
Putnam
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1890
Days on Market
88 days
Beds
6
Baths
2 full
Living Area
1,993 sq ft
Lot Size
0.14 acres
Property Taxes
$3,709 / 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

$264,900

vs $398,900 median

33.6% below median

Price / Sq Ft

$133

vs $133 median

In line with median

Days on Market

88 days

vs 42 days median

46 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

21-23 George Street, Putnam, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$1,748

per month

  • Principal & Interest$1,351
  • Property Taxes$309
  • Insurance$88
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Putnam
Neighborhood
N/A
County
Windham

Residence

Property Type
Multi-Family
Subtype
Duplex
Style
Units on different Floors
Year Built
1890
New Construction
No/Resale
Living Area
1,993 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Steam
Heat Fuel
Oil
Cooling
None
Basement
Full

Exterior & Lot

Lot Size
0.14 acres
Zoning
R-7
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Wood
Roof
Asphalt Shingle
Foundation
Stone
Lot Description
Corner Lot

Listing & Financials

Property Taxes
$3,709 / Annually
Days on Market
88
MLS #
24171757
MLS Status
Active

Similar Properties

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Listed By

Carl Guild

(860) 813-2275

Carl Guild & Associates

(860) 474-3500

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 6:50 AM UTC.