Turnkey 4-Unit Investment Property – Watertown, NY
Listing Price: $300,000 (with $20,000 back for buyer improvements)
Exceptional cash-flow opportunity in a desirable Watertown location. This well-maintained four-unit property generates $5,000+ in monthly rents, with $1,000 in utilities included, offering a strong, reliable income stream and an effective 14% cap rate.
Property Features:
• 2 two-bedroom / 1-bath units
• 2 one-bedroom / 1-bath units
• Three units in a beautiful, spacious Victorian home
• One detached unit with no shared walls, providing privacy and tenant appeal
• Very good condition, low-maintenance, and turnkey
Investor Highlights:
• Large lot with ample parking
• $20,000 back for improvements
• Stable tenants, strong cash flow, and immediate income potential
This is a rare opportunity to own a high-performing, low-maintenance multifamily property in Watertown. Perfect for investors seeking turnkey income with upside potential.
Listing Price: $300,000 (with $20,000 back for buyer improvements)
Exceptional cash-flow opportunity in a desirable Watertown location. This well-maintained four-unit property generates $5,000+ in monthly rents, with $1,000 in utilities included, offering a strong, reliable income stream and an effective 14% cap rate.
Property Features:
• 2 two-bedroom / 1-bath units
• 2 one-bedroom / 1-bath units
• Three units in a beautiful, spacious Victorian home
• One detached unit with no shared walls, providing privacy and tenant appeal
• Very good condition, low-maintenance, and turnkey
Investor Highlights:
• Large lot with ample parking
• $20,000 back for improvements
• Stable tenants, strong cash flow, and immediate income potential
This is a rare opportunity to own a high-performing, low-maintenance multifamily property in Watertown. Perfect for investors seeking turnkey income with upside potential.
Property Details
Price:
$300,000
MLS #:
S1658562
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
watertowncity221800
Listed Date:
Jan 22, 2026
Finished Sq Ft:
3,517
Total Sq Ft:
3,517
Lot Size:
13,440 sqft / 0.31 acres (approx)
Year Built:
1900
Units:
4
See this Listing
Schools
School District:
Watertown
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Flooring
Hardwood, Tile, Varies
Heating
Gas, Forced Air, Hot Water
Laundry Features
Common Area
Exterior
Architectural Style
Fourplex
Construction Materials
Other, See Remarks
Parking Features
Paved, Two Or More Spaces
Roof
Asphalt
Financial
Taxes
$3,880
Map
Community
- Address914 State Street Watertown City NY
- CityWatertown City
- CountyJefferson
- Zip Code13601
Subdivisions in Watertown City
- 252-258 East Main Street
- Binghams Lands
- Bowers Add
- Brown & Mclaughlins Add
- Catherine Cuff Prop
- Ch Spragues Pinnacle Park
- City Park Add
- City/Watertown
- Clinton W Riders Add
- Evergreen Mobile Home Par
- F A Hinds
- Ga Turners
- George A Eueleigh
- George E Eveleighs Barben
- Haley & Washington
- Haley Prop
- Hillcrest Farm
- Huntingtons Add
- Jp Brownell
- Lawrence Hayes Estate
- Mahans Add
- New Add
- Park View Add
- Parkview Add
- Riders Add
- Saith Farm Sub
- Smith Farm Sub Map #4
- State Street Add
- United States Department/
Market Summary
Current real estate data for Multi Family in Watertown City as of Feb 05, 2026
25
Multi Family Listed
101
Avg DOM
74
Avg $ / SqFt
$179,248
Avg List Price
Property Summary
- 914 State Street Watertown City NY is a Multi Family for sale in Watertown City, NY, 13601. It is listed for $300,000
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Courtesy of Marble Key Realty LLC. 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. 914 State Street
Watertown City, NY