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.
Property Details
Price:
$339,000
MLS #:
S1708368
Status:
Active
Beds:
4
Baths:
0
Type:
Multi Family
Subtype:
Other
Neighborhood:
watertowncity221800
Listed Date:
Aug 19, 2026
Finished Sq Ft:
4,188
Total Sq Ft:
4,188
Lot Size:
7,189 sqft / 0.17 acres (approx)
Year Built:
1950
Units:
5
See this Listing
Schools
School District:
Watertown
Interior
Appliances
Gas Water Heater, See Remarks
Flooring
Carpet, Luxury Vinyl, Varies, Vinyl
Heating
Gas, Forced Air
Levels
Two
Exterior
Community Features
Other, See Remarks
Construction Materials
Vinyl Siding
Exterior Features
Blacktop Driveway
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
One Space, No Garage
Roof
Asphalt
Stories
2
Financial
Taxes
$2,921
Map
Community
- Address624 Franklin Street Watertown City NY
- CityWatertown City
- CountyJefferson
- Zip Code13601
Subdivisions in Watertown City
- 252-258 East Main Street
- Binghams Lands
- Bowers Add
- Camp & Boyds Purchase
- Catherine Cuff Prop
- Ch Spragues Pinnacle Park
- City Park Add
- City/Watertown
- City/Watrtown
- Clinton W Riders Add
- Cowans Rearrangement/Lans
- Cullen Prop
- Evergreen Mobile Home Par
- George A Eueleigh
- George E Eveleighs Barben
- Haley Prop
- Hillcrest Farm
- J D Huntingtons Add
- Lansings Add
- Mary A Lansings Add
- Parkview Add
- Pleasant View Add
- Riders Add
- Smith Farm Sub Map #4
- State Street Add
Market Summary
Current real estate data for Multi Family in Watertown City as of Aug 27, 2026
37
Multi Family Listed
85
Avg DOM
82
Avg $ / SqFt
$222,738
Avg List Price
Property Summary
- 624 Franklin Street Watertown City NY is a Multi Family for sale in Watertown City, NY, 13601. It is listed for $339,000
Similar Listings Nearby
Courtesy of Motivated Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 624 Franklin Street
Watertown City, NY

