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814 Academy Street, Watertown City, NY 13601

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For Sale

$229,900

4 beds • 4 baths • 3,631 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • Newly Listed
    Time on Century 21

  • $63.32
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# S1622991

Courtesy Of Keller Williams Realty Syracuse

(315) 459-6619

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Carpet, Laminate, Vinyl
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    0.2 Acres

Map and Directions

Directions to 814 Academy Street, Watertown City, NY 13601

Home seller CENTURY 21 Galloway Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Galloway Realty

(315) 342-2111
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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