454 S Massey Street, Watertown, NY 13601
Local realty services provided by:HUNT Real Estate ERA
Listed by: zachary ludemann perini
Office: north star real estate & property management
MLS#:S1692040
Source:NY_GENRIS
Price summary
- Price:$374,900
- Price per sq. ft.:$88.94
About this home
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!...
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Home facts
- Year built:1950
- Subdivision & Development:City/Watertown
- Listing ID #:S1692040
- Added:56 day(s) ago
- Updated:August 14, 2026 at 02:57 PM
Rooms and interior
- Bedrooms:5
- Flooring:Carpet, Laminate, Varies
- Kitchen Description:Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:4,215 sq. ft.
Heating and cooling
- Heating:Electric, Forced Air, Gas, Hot Water, Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1950
- Building area:4,215 sq. ft.
- Lot area:0.65 Acres
- Lot Features:Near Public Transit, Rectangular
- Construction Materials:Wood Siding
- Exterior Features:Fully Fenced
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$374,900
- Price per sq. ft.:$88.94
- Tax amount:$3,356
Features and amenities
- Appliances:Refrigerator
Parking
- Parking description:Driveway, No Garage, Two Spaces
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