Active
454 South Massey Street, Watertown City NY 13601
MLS# S1692040
$374,900
Price
5
Beds
-
Baths
4,215
Living Area (Sq.Ft.)
0.649
Lot Area (Acres)
$374,900
Price
5
Beds
-
Baths
4,215
Living Area (Sq.Ft.)
0.649
Lot Area (Acres)
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. <br> <br>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. <br> <br>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. <br> <br>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. <br> <br>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!
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1950
Parcel Number
221800-010-000-0010-114-000-0000
Unit Number
--
Subdivision Name
City/Watertown
Lot Features
Near Public Transit, Rectangular, Rectangular Lot
Levels
Two
Lot Size Dimensions
123X230
Stories
2
Community Features
LaundryFacilities,StorageFacilities
Property Condition
Resale
Elementary School District
Watertown
Middle Or Junior School District
Watertown
High School District
Watertown
Location
Listing Agent
Zachary Ludemann Perini
Listing Office
North Star Real Estate & Property Management
Owner Name
--
Owner Phone
--
Possession
SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-18
Owner Pays
Grounds Care, Snow Removal, Trash Collection, Water
Rent Includes
Common Area Maintenance, Snow Removal, Trash Collection, Water
Gross Income
51600
Net Operating Income
33376
Fire Places Total
0
Flooring
Carpet, Laminate, Luxury Vinyl, Varies
Laundry Features
Coin Operated
Heating
true
Heating Features
Gas, Electric, Forced Air, Hot Water, Wall Furnace
Appliances
Electric Cooktop, Gas Water Heater, Refrigerator
Garage
false
Garage Spaces
0
Exterior Features
Blacktop Driveway, Fully Fenced
Water Source
Connected, Public
Sewer
Connected
Roof
Architectural, Shingle
Other Structures
Barns,Outbuilding
Utilities
Electricity Connected, Sewer Connected, Water Connected
Parking Features
Two Spaces, Driveway, No Garage
Basement
Full
Construction Materials
Wood Siding
Fencing
Full
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.