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454 S Massey Street, Watertown City
$374,900
5 Beds ⋅ S1692040 MLS
You found it—the investment property you've been waiting for! This turnkey 5-unit multifamily property is 100% occupied and generating income from day one. Featuring five 1-bedroom, 1-bath apartments, this well-maintained asset offers the combination investors are always searching for: strong occupancy, consistent cash flow, low maintenance, and pride of ownership throughout. The property currently generates $51,600 in annual gross income and approximately $36,000 in Net Operating Income, with low annual property taxes of just $3,356. Four of the five units have been extensively renovated with updated kitchens, bathrooms, electrical systems, lighting, flooring, and fresh paint, creating attractive and comfortable living spaces for tenants. The property shows exceptionally well and offers peace of mind with no known deferred maintenance. Exterior improvements include recently painted wood siding, a shingle roof, and a blacktop driveway with ample off-street parking. Additional income-producing and tenant-friendly amenities include coin-operated laundry, individual tenant storage lockers, steel egress ladders, and a storage shed currently used for maintenance equipment and materials. Situated on a large lot with a private setting, this property offers a surprising sense of seclusion while remaining conveniently located in the heart of Watertown, just minutes from shopping, restaurants, employment centers, and everyday conveniences. Investors will also appreciate the potential for future upside. With four renovated units, desirable amenities, and a strong rental history, there may be an opportunity for a new owner to bring rents closer to current market rates over time, potentially increasing income and overall returns. 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!

454 S Massey Street, Watertown City
287 Thompson Boulevard, Watertown City
$279,000
5 Beds ⋅ 2 Baths ⋅ S1697793 MLS
Opportunity awaits in one of the city's most desirable neighborhoods! This spacious 5-bedroom, 2-bath home offers incredible potential for homeowners, investors, or anyone looking to build equity with a little TLC. Featuring a large, inviting living room and a generously sized kitchen, there's plenty of space for family gatherings and entertaining. The convenient first-floor bedroom provides flexible living options, perfect for guests, a home office, or single-level living. With solid bones, ample living space, and located in a highly sought-after area close to schools, parks, shopping, and other city amenities, this home is ready for your personal touch. Whether you're looking to restore its charm or modernize it to your style, this property offers endless possibilities in a fantastic location. Don't miss your chance to turn this diamond in the rough into your dream home or next investment!

287 Thompson Boulevard, Watertown City
418 Clay Street, Watertown City
$239,900
5 Beds ⋅ 4 Baths ⋅ S1703592 MLS
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.

418 Clay Street, Watertown City
689 Leray Street, Watertown City
$138,999
4 Beds ⋅ 2 Baths ⋅ S1695399 MLS
Two-unit investment property generating $2,200/month rental income with exceptional cash flow—each unit features 2 bed, 1 bath, currently rented at $1,100/mo. Real estate taxes under $1,000/year make this a true cash flow machine. Property needs cosmetic updates (paint, carpet, fixtures—nothing structural), creating opportunity for BRRRR rehab or owner-occupied house hack strategy. Motivated seller seeks quick close. Ideal for investor-operators or military families relocating to Fort Drum seeking immediate positive cash flow with sweat equity upside.

689 Leray Street, Watertown City
515 S Massey Street, Watertown City
$119,900
3 Beds ⋅ 1 Baths ⋅ S1723867 MLS
Discover the charm and character of this affordable 3-bedroom home in Watertown! This property features a brand-new roof! Situated on a generous quarter-acre lot, there is plenty of outdoor space to relax, garden, and/or make your own. Conveniently located just minutes from local schools, with easy access to amenities. If you're looking for a home with character, a spacious lot, and a major exterior update already completed, 515 S. Massey Street is worth a closer look. Schedule your showing today!

515 S Massey Street, Watertown City

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