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$339,000

Est. payment - /mo

4 Beds

4,188 SqFt

Active

624 Franklin ST Watertown, NY 13601

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Michael Ablan

mike@marblekey.com +1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,188 sqft

Price per Sqft $80

MLS Listing ID S1648791

Bedrooms 4

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $2,768

Lot Size 7,187 Sqft

Acres 0.165

Lot Dimensions 79X91

Property Sub-Type Other

Property Description

Prime multi-unit investment opportunity in the heart of Watertown! This well-maintained 5-unit property currently brings in $4,550/month with room to grow. 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 the 5 units are occupied, making this a great option for an owner-occupant or investor looking to fill the final vacancy and maximize 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 multi-family investing, 624 Franklin is a strong, income-producing asset in a desirable location.

Location

State NY

County Jefferson

Area Watertown-City-221800

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Carpet, Luxury Vinyl, Varies, Vinyl

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway

Community Features Laundry Facilities

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Garage No

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Watertown

Others

Senior Community No

Tax ID 221800-011-000-0008-101-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1648791

Listed by Motivated Realty

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 8

7

Sherman School

Public | KG - 4
7

North Elementary School

Public | KG - 4
6

Harold T Wiley School

Public | 5 - 6
4

Knickerbocker School

Public | KG - 4
4

Ohio Street School

Public | KG - 4
3

Starbuck Elementary School

Public | KG - 4
0

Immaculate Heart Elementary School

Private | PK - 3
0

Faith Fellowship Christian School

Private | PK - 12

Middle Schools 2

4

Case Middle School

Public | 7 - 8
0

Immaculate Heart Central Junior Senior High School

Private | 7 - 12

High Schools 1

5

Watertown Senior High School

Public | 9 - 12

School and business data provided by Attom Data.

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Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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624 Franklin ST Watertown, NY 13601

Michael Ablan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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624 Franklin ST