For sale

Price cut: $7.5K (1/29)

$362,500

385 Putnam Pike, Killingly, CT 06241

5beds

2,700sqft

Est.:

Multi Family

Built in 1940

-- sqft lot

$360,200 Zestimate^®

$134/sqft

$-- HOA

What's special

Charming cottageTwo-family home

Unique investment offering: two separate homes for the price of one - a charming cottage plus a two-family home - totaling roughly 2,700 SF. This property presents an ideal opportunity for investors, house-hackers, or anyone looking to build equity and generate cash flow. Both structures need some updating - perfect for someone looking to add value and maximize return. Whether you live in one unit and rent the others, or rent out both, this setup offers flexibility and income potential. Great for: Investors seeking positive cash flow and long-term equity growth House-hackers wanting to offset living expenses with rental income BRRRR (Buy * Rehab * Rent * Refinance * Repeat) strategies Don't miss out on this rare two-for-one deal. Contact today for details or to schedule a private viewing - this one won't last long!

97 days

476

6

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air, Electric

Cooling

None

Appliances

Included: Water Heater

Features

Basement: Full
Attic: None
Has fireplace: No

Interior area

Total structure area: 2,700
Total interior livable area: 2,700 sqft
Finished area above ground: 2,700

Property

Lot

Size: 1,306.8 Square Feet

Details

Parcel number: 1691887
Zoning: MD

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Aluminum Siding
Foundation: Masonry
Roof: Asphalt

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Killingly

Financial & listing details

Price per square foot: $134/sqft
Tax assessed value: $79,220
Annual tax amount: $1,873
Date on market: 12/10/2025

Estimated market value

$360,200

$342,000 - $378,000

$2,083/mo

Price history

Date	Event	Price
1/29/2026	Price change	$362,500-2%$134/sqft
Source: Smart MLS #24144376 Report a problem
12/10/2025	Listed for sale	$370,000+132.7%$137/sqft
Source: Smart MLS #24144376 Report a problem
10/1/2024	Listing removed	$159,000$59/sqft
Source: Smart MLS #24026772 Report a problem
8/30/2024	Pending sale	$159,000$59/sqft
Source: Smart MLS #24026772 Report a problem
6/20/2024	Listed for sale	$159,000+27.2%$59/sqft
Source: Smart MLS #24026772 Report a problem
12/12/2006	Sold	$125,000$46/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,873 +30.1%	$79,220 +23.4%
2024	$1,440 -14.1%	$64,220 +13%
2023	$1,677 +6.3%	$56,840
2022	$1,578	$56,840
2021	$1,578 +1.5%	$56,840
2020	$1,555 -1.1%	$56,840
2019	$1,573 +35%	$56,840 +48.2%
2017	$1,165 -0.2%	$38,360
2015	$1,167 +2.7%	$38,360
2014	$1,136 -15.7%	$38,360 -34.2%
2013	$1,347 +4.5%	$58,330
2012	$1,289 +4.5%	$58,330
2011	$1,233 +5.2%	$58,330
2010	$1,172	$58,330
2009	$1,172 +12.9%	$58,330
2008	$1,038 +1.2%	$58,330 +62.8%
2007	$1,026	$35,830