418 Clay Street, Watertown, NY 13601
Local realty services provided by:ERA Team VP Real Estate
Listed by: joseph murtha
Office: north star real estate & property management
MLS#:S1703592
Source:NY_GENRIS
Price summary
- Price:$239,900
- Price per sq. ft.:$78.25
About this home
4-Unit Income Property in Downtown Watertown
Exceptional cash-flowing investment in prime Watertown location, just 3 blocks from Public Square. This well-maintained 4-unit building is ready to perform immediately. It's ideal for owner-occupant house hackers or portfolio investors seeking strong returns.
UNIT BREAKDOWN: Three 1-bedroom units and one 2-bedroom unit. Each unit features a private porch, built-in refrigerator, and stove.
CURRENT INCOME: Monthly rents total $3,140 ($850 + $750 + $770 + $770). Annual gross income: $37,680. Property taxes: Under $2,300/year. Tenants pay own electric; landlord covers heat and water.
RECENT IMPROVEMENTS: Driveway, gas boiler updated, soffit and fascia refreshed.
WHY THIS WORKS: 4 units are rare in this market! Strong central location with consistent tenant demand and minimal capital expenditure needs. Property is well-maintained and positioned to generate immediate cash flow. Perfect stepping stone for owner-occupants looking to house hack while building equity, or a solid addition for active investors scaling portfolios....
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Home facts
- Year built:1937
- Subdivision & Development:City/Watertown
- Listing ID #:S1703592
- Added:60 day(s) ago
- Updated:October 03, 2026 at 03:53 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Varies
- Basement:Yes
- Basement Description:Full, Walk Out Access
- Living area:3,066 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Metal
- Year built:1937
- Building area:3,066 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Irregular Lot, Residential Lot
- Architectural Style:Fourplex
- Construction Materials:Copper Plumbing, Vinyl Siding
- Exterior Features:Porch
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$239,900
- Price per sq. ft.:$78.25
- Tax amount:$2,119
Features and amenities
- Laundry features:Electric Water Heater
Parking
- Parking description:Paved
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