454 S Massey ST, Watertown, NY 13601
454 S Massey ST, Watertown, NY 13601
454 S Massey ST, Watertown, NY 13601
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$374,900
Est. payment /mo
5 Beds
4,215 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,215 sqft

Price per Sqft $88

Subdivision City/Watertown

MLS Listing ID S1692040

Bedrooms 5

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $3,356

Lot Size 0.649 Acres

Acres 0.6494

Lot Dimensions 123X230

Property Sub-Type Other

Property Description

Looking for your next investment property? Here's an opportunity you won't want to miss! This well-maintained 5-unit multifamily property in the City of Watertown offers excellent income potential, numerous improvements, and room for future growth! Featuring five 1-bedroom, 1-bath apartments, this property currently has three occupied units and two vacant units, providing an excellent opportunity for a new owner to establish rents and increase rental income. With all five units fully occupied, the property has the potential to generate $51,600 in annual gross rental income!

Four of the five apartments have undergone extensive renovations, including updated kitchens, bathrooms, electrical, lighting, flooring, and paint. These improvements make this property an attractive option for investors looking to minimize upfront renovation expenses.

Major improvements have already been completed! The second-story roof features architectural shingles less than five years old, while the entire first-story roof was replaced with new steel roofing in 2026. The building also features recently painted wood siding, a blacktop driveway, and ample off-street parking.

Additional amenities include coin-operated laundry facilities, individual tenant storage lockers, steel emergency egress ladders, and a maintenance/storage shed. The property sits on a generously sized lot with plenty of room for tenants to enjoy.

With two units currently vacant, there's an immediate opportunity to secure new tenants at current market rents. Combined with the property's extensive improvements, strong income potential, and existing rental history, this presents an attractive opportunity for investors looking to expand their portfolio or enter the multifamily market.

Whether you're an experienced investor or purchasing your first multifamily property, this one deserves a closer look. Schedule your private showing today!Whether you're looking to expand your portfolio or secure a proven income-producing asset, this fully occupied and professionally maintained property is ready to deliver from day one. Schedule your private showing today!

Location

State NY

County Jefferson

Community City/Watertown

Area Watertown-City-221800

Rooms

Basement Full

Interior

Heating Gas, Electric, Forced Air, Hot Water, Wall Furnace

Flooring Carpet, Laminate, Luxury Vinyl, Varies

Fireplace No

Appliance Electric Cooktop, Gas Water Heater, Refrigerator

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway, Fully Fenced

Fence Full

Community Features Laundry Facilities, Storage Facilities

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Architectural,Shingle

Garage No

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Additional Building Barn(s), Outbuilding

Structure Type Wood Siding

Construction Status Existing

Schools

School District Watertown

Others

Senior Community No

Tax ID 221800-010-000-0010-114-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1692040


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Listed by North Star Real Estate & Property Management

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454 S Massey ST