660 Factory Street Watertown City NY 13601 MLS #S1658334

Four-unit apartment building offered at a bargain price and truly priced to sell. All four units are fully rented, producing $3,020 in monthly income, making this an excellent cash-flow investment opportunity. Tenants are long-term and all wish to remain, providing immediate stability for the next owner. It will be hard to find a better cash flow ratio than this property!

The property has seen some updates over the years, including three newer water heaters, a furnace replaced approximately 10 years ago, updated electrical panels (4 total) in the basement, and portions of the roof replaced, including the front right section above Unit 4. Unit 4 features a unique hidden closet door behind a built-in bookshelf, along with a rebuilt porch entry.

Recent interior improvements include new flooring in the front upper apartment unit 3 has seen many recent updates in 2025. Including fresh paint, new appliances, select updated windows, and a new toilet. All 4 tenants have been great for the current owners, which certainly matters when buying a property like this.

Additional features include a covered back porch patio, and a cleared backyard that extends up the hill, offering usable outdoor space. All units are currently occupied and will be transferred through ownership at closing.

Ideally and centrally located within walking distance to Watertown’s Public Square, providing easy access to restaurants, shops, services, and city amenities.

A solid, income-producing property with strong rental history and upside potential—don’t miss this opportunity.