814 Academy St, Watertown, NY 13601

Excellent investment opportunity in the heart of Watertown! Located at 814 Academy Street, this 4-unit apartment building offers over 3,600 square feet of total living space—making it a smart addition to any real estate portfolio. With a low cost per unit and strong potential for positive cash flow, this property is ideal for both new and seasoned investors. Currently generating $2,775/month ($33,300/year) in rental income, this property is priced to sell with a cap rate approaching 10%—a rare find in today's market! Two long-term tenants at below market rents means opportunity for additional rental income. Recent improvements include a new roof installed in 2024. One of the units is a near full remodeled unit completed in 2025. Additional interior upgrades across the building include updated some flooring in all units, also completed in 2025. Situated in a convenient and central location, the property is just minutes from local shops, parks, schools, and essential amenities. With its combination of size, location, and upgrades, this multifamily property offers exceptional value and long-term potential. Don’t miss your chance to own a strong income-producing property in Watertown!