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2 Lyon St. Putnam, CT 06260 2 Lyon St 6 Unit Apartment Building $1,052,644 CAD ($175,441 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$115,529
|
$28.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,529
|
$28.94
|
| Taxes |
$15,516
|
$3.89
|
| Operating Expenses |
$42,194
|
$10.57
|
| Total Expenses |
$57,710
|
$14.46
|
| Net Operating Income |
$57,819
|
$14.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $115,529 |
| Annual Per SF | $28.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $115,529 |
| Annual Per SF | $28.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,516 |
| Annual Per SF | $3.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,194 |
| Annual Per SF | $10.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,710 |
| Annual Per SF | $14.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,819 |
| Annual Per SF | $14.48 |
Property Facts
| Price | $1,052,644 CAD | Building Class | C |
| Price Per Unit | $175,441 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,992 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1887/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-7 - Residential/Multi Family Zoning | ||
| Price | $1,052,644 CAD |
| Price Per Unit | $175,441 CAD |
| 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 |
| 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 | $2,216 CAD | 900 |
| 3+1 | 2 | $1,662 CAD | 800 |
| 1+1 | 2 | $1,524 CAD | 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 | $479,432 CAD |
| Land Assessment | $32,830 CAD | Annual Taxes | $15,516 CAD ($3.89 CAD/SF) |
| Improvements Assessment | $446,601 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
PUTN-000011-000000-000241
Land Assessment
$32,830 CAD
Improvements Assessment
$446,601 CAD
Total Assessment
$479,432 CAD
Annual Taxes
$15,516 CAD ($3.89 CAD/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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