A property unlike anything else on the market! Currently configured with professional space on the main level and residential living space above, this R-7 zoned property offers intriguing potential for conversion to multifamily use, subject to required town approvals and permits. The main level features a separate side entrance with waiting room, multiple office/flex rooms, two baths, kitchenette and a spacious living room with hardwood floors, fireplace and pocket doors. Upstairs offers three bedrooms, a full kitchen, pantry, full bath with shower and a bright bonus room with large picture windows. A walk-up unfinished attic provides additional possibilities. The attached barn/garage offers garage-door access, former stall areas, storage and a large loft with skylights. The School Street driveway provides access to the barn/garage, while Barber Street leads to a substantial paved parking area. City water and sewer, newer oil tank, basement windows and gutters. Across from Putnam Public Library and convenient to downtown, shopping, dining and I-395. Property is not currently approved as a multifamily. Buyer to perform due diligence regarding intended use and required approvals.