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34 Marshall St - 34 Marshall St 7 Unit Apartment Building Offered at $850,000 at a 8.61% Cap Rate Putnam, CT 06260

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Investment Highlights

Renovated Units
Desirable Location near Downtown

Off Street Parking

Executive Summary

Turnkey multifamily investment opportunity in the heart of Putnam, CT. This fully leased 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five one-bedroom/one-bath units and two two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024).
Favorable expense structure as all utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. 100% occupied with some room to increase rents in a very high demand / low inventory area.

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$98,400	$18.22
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$98,400	$18.22
Taxes	$7,049	$1.30
Operating Expenses	$18,190	$3.37
Total Expenses	$25,239	$4.67
Net Operating Income	$73,161	$13.54

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$98,400
Annual Per SF	$18.22

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$98,400
Annual Per SF	$18.22

Taxes
Annual	$7,049
Annual Per SF	$1.30

Operating Expenses
Annual	$18,190
Annual Per SF	$3.37

Total Expenses
Annual	$25,239
Annual Per SF	$4.67

Net Operating Income
Annual	$73,161
Annual Per SF	$13.54

Property Facts

Price	$850,000	Lot Size	0.15 AC
Price Per Unit	$121,429	Building Size	5,402 SF
Sale Type	Investment	Average Occupancy	100%
Cap Rate	8.61%	No. Stories	4
No. Units	7	Year Built/Renovated	1870/2024
Property Type	Multifamily Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid-Rise
Zoning	R-7

Price	$850,000
Price Per Unit	$121,429
Sale Type	Investment
Cap Rate	8.61%
No. Units	7
Property Type	Multifamily Multifamily Apartments
Apartment Style	Mid-Rise
Lot Size	0.15 AC
Building Size	5,402 SF
Average Occupancy	100%
No. Stories	4
Year Built/Renovated	1870/2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-7