Courtesy: Motivated Realty
315-778-3503
Prime Multi-unit investment property in the hear of Watertown! This well maintained 5-unit property brings in 4600/month when fully rented. The building features three 1 bedroom units, one studio, and one 2-bedroom unit, offering a versatile mix that appeals to a broad tenant base. Currently 4 of 5 units are occupied allowing easy transition with cash flow. Recent upgrades include a new fence around the property, refreshed front steps, and ongoing interior improvements as units turn over ensuring the building remains attractive and rent ready. Several units have been recently updated, providing a clean and refreshed feel for new tenants. Conveniently located near downtown, shopping, and Fort Drum access, this property offers stable rental demand and solid income from day one. Whether you're expanding your portfolio or stepping into mult-family investing, 624 Franklin is a strong, income producing asset in a desirable location.
Courtesy: North Star Real Estate & Property Management
315-777-4365
Great investment property opportunity. Premier property true turn key, owner spared no expense meticulously went through the property from top to bottom for its next it owner to sit back and enjoy the rewards. Walking distance to downtown, hospital and schools. Long term tenants already in place in 3 units all units currently rented.
Courtesy: Bridgeview Real Estate
315-782-9292
Calling all entrepreneurs! This turn-key 5-unit residential apartment building is located in the heart of the city, directly across from Samaritan Hospital. Known for its strong rental history and consistent income generation, the property generates $50K in gross annual rents. Each unit is separately metered for electric, and the building features a roof less than 5 years old along with recently painted exterior. Heat is included in the rent, powered by a Utica steam boiler that is serviced at least once annually. The chimney has been rebuilt by Redfield Construction with stainless steel liners. The unit mix consists of two two-bedroom units on the first floor, two studio units on the second floor, and a spacious 4-5 bedroom unit spanning two levels. Shared laundry facilities are available in the basement for tenant convenience. All work is complete and units have been well-maintained by ownership, this property is truly move-in ready for your next investment venture. Don't miss this opportunity!
Courtesy: First Choice Real Estate
315-221-4673
BRING YOUR INVESTORS!!! This 6 unit rental property has amazing rental history and features 12,000 sq ft of living space. Starting with the owner’s unit that has 5 bedrooms and 2 full bathrooms, a huge living room area, kitchen, and sun porch. Laundry is available to all units, coin operated. On the lower level next to the owner’s unit you’ll find another unit with a kitchen, living area, full bathrooms, and two upper bedrooms. Also on the lower level is a one bedroom unit. Head upstairs and you’ll find three more units. First is a 2 bedroom, one bath unit that has been remodeled. There is another 2 bedroom one bath on the upper level. Finally, a studio apt with one bathroom. Roof is newer and each unit has its own separate heating systems. Tons of parking. Lots of out buildings that have storage capacity. The lot could possibly be subdivided and sold for extra building potential upon town approval. Call today for a showing. Please allow notice as units are occupied.
Courtesy: North Star Real Estate & Property Management
315-777-4365
You found it—the investment property you've been waiting for! This turnkey 5-unit multifamily property is 100% occupied and generating income from day one. Featuring five 1-bedroom, 1-bath apartments, this well-maintained asset offers the combination investors are always searching for: strong occupancy, consistent cash flow, low maintenance, and pride of ownership throughout. The property currently generates $51,600 in annual gross income and approximately $36,000 in Net Operating Income, with low annual property taxes of just $3,356. Four of the five units have been extensively renovated with updated kitchens, bathrooms, electrical systems, lighting, flooring, and fresh paint, creating attractive and comfortable living spaces for tenants. The property shows exceptionally well and offers peace of mind with no known deferred maintenance. Exterior improvements include recently painted wood siding, a shingle roof, and a blacktop driveway with ample off-street parking. Additional income-producing and tenant-friendly amenities include coin-operated laundry, individual tenant storage lockers, steel egress ladders, and a storage shed currently used for maintenance equipment and materials. Situated on a large lot with a private setting, this property offers a surprising sense of seclusion while remaining conveniently located in the heart of Watertown, just minutes from shopping, restaurants, employment centers, and everyday conveniences. Investors will also appreciate the potential for future upside. With four renovated units, desirable amenities, and a strong rental history, there may be an opportunity for a new owner to bring rents closer to current market rates over time, potentially increasing income and overall returns. Whether you're looking to expand your portfolio or secure a proven income-producing asset, this fully occupied and professionally maintained property is ready to deliver from day one. Schedule your private showing today!
Courtesy: Keller Williams Northern New York
315-459-6619
8-Unit Apartment Building – Gunns Corners – Fully Leased Eight units, all rented. One-story apartment building at the corner of NYS Route 12 and NYS Route 180 in Clayton, on 1.5 acres with a large open parking lot. Five one-bedrooms, two studios, one three-bedroom. The two most recently turned units were remodeled with new flooring, countertops, and kitchen appliances and both leased this month. Stable long-term tenant base in the rest of the building. Total rent is $6,173/month ($74,076/year) with every unit occupied. 2025 NOI exceeded $51,000, and that was a year with vacancy. 4,867 sq ft, metal roof, vinyl siding, single-story layouts throughout. Nothing to lease up, nothing to fix. In-place income from day one. Private showings by appointment.
Watertown is located in New York. Watertown, New York has a population of 25,172. Watertown is less family-centric than the surrounding county with 30.62% of the households containing married families with children. The county average for households married with children is 31.71%.
The median household income in Watertown, New York is $46,051. The median household income for the surrounding county is $58,271 compared to the national median of $69,021. The median age of people living in Watertown is 34.4 years.
The average high temperature in July is 79.8 degrees, with an average low temperature in January of 9.3 degrees. The average rainfall is approximately 40.1 inches per year, with 102.1 inches of snow per year.
