1133 State Street, Watertown, NY 13601
Local realty services provided by:ERA Team VP Real Estate
Listed by: mark taylor
Office: keller williams northern new york
MLS#:S1685932
Source:NY_GENRIS
Price summary
- Price:$450,000
- Price per sq. ft.:$79.79
About this home
Exceptional opportunity to own one of the nicest multi-family investment properties in the City of Watertown! This impressive 4-unit apartment building offers strong rental income, excellent square footage at 5640, and a rare oversized 0.45-acre city lot that feels even larger in person. The building is huge! Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success.
The building features a total of 8 bedrooms and 4 bathrooms, including two spacious 3-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Hardwood flooring throughout much of the property adds character and charm. All units are currently occupied with a solid friendly tenant base generating approximately $3,950 per month in rental income. One downstairs 1-bedroom unit is expected to become vacant at the end of June, creating a potential owner-occupancy opportunity for buyers utilizing FHA or VA financing. A laundry common area at the front of the building add comfortable convenience for all tenants.
An additional standout feature is the huge detached garage space located at the rear of the property, offering excellent storage, workshop potential, or additional leasable income possibilities. Multi-family properties of this caliber rarely become available in Watertown. Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success.
Whether you are looking to expand your investment portfolio or occupy one unit while generating income from the others, this property deserves serious attention....
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Home facts
- Year built:1950
- Listing ID #:S1685932
- Added:1 day(s) ago
- Updated:June 06, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood, Varies
- Basement:Yes
- Basement Description:Full, Sump Pump
- Living area:5,640 sq. ft.
Heating and cooling
- Cooling:Zoned
- Heating:Forced Air, Gas, Zoned
Structure and exterior
- Roof:Metal
- Year built:1950
- Building area:5,640 sq. ft.
- Lot area:0.46 Acres
- Lot Features:Rectangular, Residential Lot
- Architectural Style:Fourplex
- Construction Materials:Vinyl Siding
- Exterior Features:Porch
- Foundation Description:Stone
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$79.79
- Tax amount:$3,313
Features and amenities
- Laundry features:Common Area
Parking
- Parking description:Parking Available
- Garage:Yes
- Garage spaces:4
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