Unique live/work or investment opportunity in Putnam with an established history of professional office use and residential living space. The main level offers a separate side entrance, waiting room, offices/flex rooms, two half baths, kitchenette, built-ins and a large room with hardwood floors, fireplace and pocket doors. Upstairs features three bedrooms, full kitchen, pantry, full bath and a bright bonus room with large picture windows. Additional space includes an unfinished walk-up attic and attached barn/garage with storage, former stall areas and a spacious loft with skylights. Separate access from both School and Barber Streets, with the School Street driveway leading to the barn/garage and the substantial paved parking area accessed from Barber Street. City water and sewer. R-7 zoning offers interesting redevelopment possibilities, including potential conversion to residential or up to three commercial and/or residential units, subject to applicable zoning, special permit, building, utility and other town approvals. Additional electrical metering would be required for multiple units. Across from Putnam Public Library and convenient to downtown, I-395 and Routes 12, 44 and 171. Buyer to perform due diligence regarding intended use.