$279,900

914 State Street, Watertown City, NY 13601

  • 6 beds |
  • 4 baths |
  • 3,517 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $80/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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 Status:
Active
Date Added:
January 22, 2026
Data Last Updated:
April 5, 2026 at 10:19PM
Listing Office:
Marble Key Realty LLC : 315-783-0191
Listing Agent:
Julie Ablan-Woodrow : 315-783-0191
MLS ID:
S1658562
  • Appliances: Gas Water Heater
  • Laundry: Common Area
  • Basement: Full
  • Flooring: HardwoodTileVaries
  • A/C: Central Air
  • Heating: GasForced AirHot Water
  • Fireplace: Fireplaces: 0
  • Style: Fourplex
  • Parking: PavedTwo or More Spaces
  • Roofing: Asphalt
  • General: OtherSee Remarks2
  • Road/Access: Main Thoroughfare
  • Originating MLS: NYS_JL
  • School District: Watertown
  • County: Jefferson
  • Zoning: 221800-012-000-0006-329-000-0000
  • Utilities: Cable AvailableHigh Speed Internet AvailableSewer ConnectedWater Connected
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_JL

This listing courtesy of Julie Ablan-Woodrow , Marble Key Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Ohio Street School

1537 Ohio St, Watertown, NY, 13601

Grades KG-4

0.63 miles away

C

Case Middle School

1237 Washington St, Watertown, NY, 13601

Grades 7-8

1.16 miles away

W

Watertown Senior High School

1335 Washington St, Watertown, NY, 13601

Grades 9-12

1.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.