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2 Lyon St. Putnam, CT 06260 2 Lyon St 6 Unit Apartment Building $710,000 ($118,333/Unit) Putnam, CT 06260
Executive Summary
Opportunity awaits at this Putnam 6-unit investment property. This property consists of 1-single family, 1-2 family, and 1-3 family all located on one lot. Property has had recent renovations to almost all units, along with roofing/plumbing/electrical/major mechanicals throughout. All properties feature vinyl siding and there is a large parking area with plenty of space for the tenants. Located conveniently to Downtown Putnam with easy access to Rt. 44 & 395 for commuting. Majority of rents have been brought up to market as units have been updated and turned over.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,400
|
$20.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,400
|
$20.89
|
| Taxes |
$11,201
|
$2.81
|
| Operating Expenses |
$30,460
|
$7.63
|
| Total Expenses |
$41,661
|
$10.44
|
| Net Operating Income |
$41,739
|
$10.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $20.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $20.89 |
| Taxes | |
|---|---|
| Annual | $11,201 |
| Annual Per SF | $2.81 |
| Operating Expenses | |
|---|---|
| Annual | $30,460 |
| Annual Per SF | $7.63 |
| Total Expenses | |
|---|---|
| Annual | $41,661 |
| Annual Per SF | $10.44 |
| Net Operating Income | |
|---|---|
| Annual | $41,739 |
| Annual Per SF | $10.46 |
Property Facts
| Price | $710,000 | Building Class | C |
| Price Per Unit | $118,333 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,992 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1887/2024 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-7 - Residential/Multi Family Zoning | ||
| Price | $710,000 |
| Price Per Unit | $118,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,992 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1887/2024 |
| Opportunity Zone |
Yes |
| Zoning | R-7 - Residential/Multi Family Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,600 | 900 |
| 3+1 | 2 | $1,200 | 800 |
| 1+1 | 2 | $1,100 | 600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | PUTN-000011-000000-000241 | Total Assessment | $346,100 |
| Land Assessment | $23,700 | Annual Taxes | $11,201 ($2.81/SF) |
| Improvements Assessment | $322,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
PUTN-000011-000000-000241
Land Assessment
$23,700
Improvements Assessment
$322,400
Total Assessment
$346,100
Annual Taxes
$11,201 ($2.81/SF)
Tax Year
2025
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Presented by
Johnston & Associates Real Estate, LLC
2 Lyon St. Putnam, CT 06260 | 2 Lyon St
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