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814 Academy Street, Watertown, NY 13601

Local realty services provided by:CENTURY 21 Galloway Realty
814 Academy Street,Watertown, NY 13601
$229,900
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  • 4 Beds
  • 4 Baths
  • 3,631 sq. ft.
  • Multi-family
  • Active
Listed by: mark taylor
Office: keller williams northern new york
MLS#:S1622991
Source:NY_GENRIS

Price summary

  • Price:$229,900
  • Price per sq. ft.:$63.32

About this home

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.

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Home facts

  • Year built:1950
  • Listing ID #:S1622991
  • Added:142 day(s) ago
  • Updated:December 12, 2025 at 04:45 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,631 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Gas

Structure and exterior

  • Year built:1950
  • Building area:3,631 sq. ft.
  • Lot area:0.2 Acres

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$229,900
  • Price per sq. ft.:$63.32
  • Tax amount:$1,879

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