4-Unit Income Property in Downtown Watertown
Exceptional cash-flowing investment in prime Watertown location, just 3 blocks from Public Square. This well-maintained 4-unit building is ready to perform immediately. It’s ideal for owner-occupant house hackers or portfolio investors seeking strong returns.
UNIT BREAKDOWN: Three 1-bedroom units and one 2-bedroom unit. Each unit features a private porch, built-in refrigerator, and stove.
CURRENT INCOME: Monthly rents total $3,140 ($850 + $750 + $770 + $770). Annual gross income: $37,680. Property taxes: Under $2,300/year. Tenants pay own electric; landlord covers heat and water.
RECENT IMPROVEMENTS: Driveway, gas boiler updated, soffit and fascia refreshed.
WHY THIS WORKS: 4 units are rare in this market! Strong central location with consistent tenant demand and minimal capital expenditure needs. Property is well-maintained and positioned to generate immediate cash flow. Perfect stepping stone for owner-occupants looking to house hack while building equity, or a solid addition for active investors scaling portfolios.
Exceptional cash-flowing investment in prime Watertown location, just 3 blocks from Public Square. This well-maintained 4-unit building is ready to perform immediately. It’s ideal for owner-occupant house hackers or portfolio investors seeking strong returns.
UNIT BREAKDOWN: Three 1-bedroom units and one 2-bedroom unit. Each unit features a private porch, built-in refrigerator, and stove.
CURRENT INCOME: Monthly rents total $3,140 ($850 + $750 + $770 + $770). Annual gross income: $37,680. Property taxes: Under $2,300/year. Tenants pay own electric; landlord covers heat and water.
RECENT IMPROVEMENTS: Driveway, gas boiler updated, soffit and fascia refreshed.
WHY THIS WORKS: 4 units are rare in this market! Strong central location with consistent tenant demand and minimal capital expenditure needs. Property is well-maintained and positioned to generate immediate cash flow. Perfect stepping stone for owner-occupants looking to house hack while building equity, or a solid addition for active investors scaling portfolios.
Property Details
Price:
$239,900
MLS #:
S1703592
Status:
Active
Beds:
5
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
City/Watertown
Neighborhood:
watertowncity221800
Listed Date:
Aug 4, 2026
Finished Sq Ft:
3,066
Total Sq Ft:
3,066
Lot Size:
4,674 sqft / 0.11 acres (approx)
Year Built:
1937
Units:
4
See this Listing
Schools
School District:
Watertown
Interior
Appliances
Electric Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Carpet, Luxury Vinyl, Varies
Heating
Gas, Radiators
Interior Features
Ceiling Fans, Pull Down Attic Stairs
Levels
Two
Exterior
Architectural Style
Fourplex
Construction Materials
Vinyl Siding, Copper Plumbing, Pex Plumbing
Lot Features
Irregular Lot, Residential Lot
Parking Features
Paved, Two Or More Spaces
Patio And Porch Features
Covered, Porch
Roof
Metal
Stories
2
Financial
Taxes
$2,119
Map
Community
- Address418 Clay Street Watertown City NY
- SubdivisionCity/Watertown
- 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
- Located in the City/Watertown subdivision, 418 Clay Street Watertown City NY is a Multi Family for sale in Watertown City, NY, 13601. It is listed for $239,900
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Courtesy of North Star Real Estate & Property Management. 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. 418 Clay Street
Watertown City, NY