454 S Massey ST, Watertown, NY 13601
454 S Massey ST, Watertown, NY 13601
454 S Massey ST, Watertown, NY 13601
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$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

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!

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


Read Less Info
Listed by North Star Real Estate & Property Management

Nearby School & Business

Get More Information

Grant Pettrone

Grant Pettrone

+1(585) 653-7700

Licensed Real Estate Broker, Founder License ID: 10491209675

Licensed Real Estate Broker, Founder License ID: 10491209675

Name

Name

Phone*

Phone

Message