21-23 George Street
Putnam, Connecticut 06260
Reduced from $319,900
- Beds
- 6
- Baths
- 2
- SqFt
- 1,993
- Acres
- 0.14
- Year Built
- 1890
- Property Type
- 2 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
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
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
$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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per 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
Homes with a close match in area, property type, and price.
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.