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Two-House Duplex Property
For Sale
$850,000
Pending

555557 Putnam Avenue, Greenwich, CT 06830

Four residential apartments across two houses, with LB zoning and additional construction capacity.

Property Size3,265 SF
Lot Size0.13 Acres
Days on Market3009

Property Features for 555557 Putnam Avenue

General Information

Standard status Pending
Size 3,265 SF
Lot size 0.13 Acres
Property subtype Mixed Use
Zoning LB

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA, 1 x 2BR
Multifamily Units 4

Additional Details

Road Access Yes

Amenities

3
Asphalt

Building Details

Year Built 1900
Buildings 2
Listing Agency:
Listed By: William Raveis Real Estate
Source: Xome
Added: May 15, 2018 Changed: Aug 9 Last Checked: Aug 9 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate

Investment Insights

Based on property information with market context.

This duplex property comprises two separate non-conforming lots, each improved with a two-family house. Together, the buildings contain four apartments, along with walk-up attic areas and basement space. House 555 includes a lower-level above-grade garage currently used for marine engine repair, while House 557 includes a full basement. The property dates to 1900 and fronts Old Post Road 3 with rear frontage on West Putnam Avenue.

The lots collectively contain 5,576 square feet and are zoned LB. A 50% Floor Area Ratio permits 2,788 square feet of new construction across both lots. Existing buildings total 3,265 square feet, excluding the walk-up attics and at-grade garage. Apartment configurations include one- and two-bedroom layouts with one bath, with additional basement and attic areas serving the residences.

Key Highlights

  • Two separate non‑conforming lots totaling 5,576 sq. ft.
  • Each lot includes a two‑family house, for four apartments overall
  • LB zoning with a 50% Floor Area Ratio

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Law Firm Pet Grooming Service Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,114
Businesses Nearby

Demographics for 06830, CT

25,043
Population
11,065
Households
2.3
Avg Household Size
44
Median Age
69%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,855
Density / Sq Mi
$146,841
Median Household Income
$67,755
Median Earnings
$2,296
Median Rent
$1,685,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Four residential apartments across two houses, with LB zoning and additional construction capacity.
Where is this duplex located?
The property is located at 555557 Putnam Avenue Greenwich, CT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two separate non‑conforming lots totaling 5,576 sq. ft.; Each lot includes a two‑family house, for four apartments overall; LB zoning with a 50% Floor Area Ratio
More about this property
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