814 Academy Street, Watertown, NY 13601

Excellent investment opportunity in the heart of Watertown! Located at 814 Academy Street, this 4-unit apartment building offers over 3,600 square feet of total living space—making it a smart addition to any real estate portfolio. With a low cost per unit and strong potential for positive cash flow, this property is ideal for both new and seasoned investors. Currently generating $2,775/month ($33,300/year) in rental income, this property is priced to sell with a cap rate approaching 10%—a rare find in today's market! Two long-term tenants at below market rents means opportunity for additional rental income. Recent improvements include a new roof installed in 2024. One of the units is a near full remodeled unit completed in 2025. Additional interior upgrades across the building include updated some flooring in all units, also completed in 2025. Situated in a convenient and central location, the property is just minutes from local shops, parks, schools, and essential amenities. … read more …