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7-Unit Apartment Building
For Sale
$850,000

34 Marshall St, Putnam, CT 06260

Updated multifamily property with separately metered utilities, shared laundry, and basement storage for every apartment.

Property Size5,402 SF
Lot Size0.15 Acres
Price / SF$157.35
Days on Market55

Property Features for 34 Marshall St

General Information

Standard status Active
Size 5,402 SF
Lot size 0.15 Acres
Property subtype Multi-Family

Units

Unit Mix 5 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units 7

Additional Details

Cap Rate 8.6%
Utilities to Site Yes

Amenities

shared laundry
dedicated basement storage

Building Details

Year Built 1870
Buildings 1
Listing Agency: Homecoin.com
Listed By: Jonathan Minerick (888) 400-2513 · License #2021047910
Source: Yourcthomeguide
Added: Jul 7 Changed: Aug 29 Last Checked: Aug 25 at 8:10AM

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 Homecoin.com

Investment Insights

Based on property information with market context.

This 7-unit apartment building in Putnam, CT, contains five one-bedroom, one-bath apartments and two two-bedroom, one-bath apartments. The property includes 5,402 square feet on a 6,500 SF lot, with updated interiors throughout. A new roof and a new rear deck and staircase were completed in 2024.

Utilities are separately metered, and residents pay their own heat, hot water, and electric. Shared basement laundry serves the building, while dedicated basement storage is provided for each tenant. Built in 1870, the property is currently operating at an 8.6% cap rate.

Key Highlights

  • 7‑unit building with five one‑bedroom and two two‑bedroom apartments
  • 5,402 square feet on a 6,500 SF lot
  • New roof completed in 2024

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Storage Facility

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

7
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

410
Businesses Nearby

Demographics for 06260, CT

9,236
Population
4,289
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
85%
High-School Grad
20.1 sq mi
ZIP Area
460
Density / Sq Mi
$67,353
Median Household Income
$41,491
Median Earnings
$1,124
Median Rent
$257,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Updated multifamily property with separately metered utilities, shared laundry, and basement storage for every apartment.
Where is this apartment building located?
The property is located at 34 Marshall St Putnam, 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: 7‑unit building with five one‑bedroom and two two‑bedroom apartments; 5,402 square feet on a 6,500 SF lot; New roof completed in 2024
More about this property
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