624 Franklin Street, Watertown City, NY 13601
Jefferson County
Key Facts
Description
Prime multi-unit investment opportunity in the heart of Watertown! This well-maintained 5-unit property currently brings in $4,600/month with room to grow. The building features three 1-bedroom units, one studio, and one 2-bedroom unit, offering a versatile mix that appeals to a broad tenant base. Currently all 5 units are occupied allowing easy transition with maximum cash flow. Recent upgrades include a new fence around the property, refreshed front steps, and ongoing interior improvements as units turn over — ensuring the building remains attractive and rent-ready. Several units have been recently updated, providing a clean and refreshed feel for new tenants. Conveniently located near downtown, shopping, and Fort Drum access, this property offers stable rental demand and solid income from day one. Whether you’re expanding your portfolio or stepping into multi-family investing, 624 Franklin is a strong, income-producing asset in a desirable location.
Property Information
Property Type
Residential Income
Year Built
1950
Stories
2
Living Area
4,188 sq ft
Lot Size
0.17 acres
Lot Dimensions
79X91
Days on Market
209
MLS® Listing#
S1648791
Property Features
Appliances
Heating
Flooring
Basement
Parking
Laundry
Lot Features
Construction
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$2,768
Assessed Value
$97,000
Parcel Number
221800-011-000-0008-101-000-0000
Affordability Calculator
$67,800
Estimated monthly payment
$1,804/mo
Principal $271,200 · Est. interest $378,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Watertown City, NY
- $254,815
- Median Listing Price
- 53
- Median Days on Market
- 1,735
- Median Sq Ft
- $127
- Median Price / Sq Ft
- 612
- Active Listings
- This home’s price is 33% above the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Watertown City, NY.
Location
Points of Interest in Watertown City, NY
Showing the Watertown City area map.
Nearby Schools
Immaculate Heart Central Elementary School
Elementary · 0.3 mi away
New Day Children's Center
School · 0.3 mi away
Knickerbocker School
Elementary · 0.4 mi away
Sherman School
Elementary · 0.8 mi away
Case Middle School
Secondary · 0.8 mi away
Watertown High School
Secondary · 0.9 mi away
Watertown City School District
Secondary · 0.9 mi away
Harold T Wiley School
Secondary · 0.9 mi away
Ohio Street School
Elementary · 1.0 mi away
Watertown City School District
School · 1.3 mi away
Starbuck Elementary School
Elementary · 1.3 mi away
North Elementary School
Elementary · 1.3 mi away
Ihc Intermediate School
School · 1.4 mi away
Immaculate Heart Central School
School · 1.7 mi away
Jefferson-Lewis-Hamilton-Herkimer-Oneida Boces
School · 3.4 mi away
General Brown Elementary School
Elementary · 4.1 mi away
Calcium Primary School
Elementary · 5.1 mi away
Black River School
Elementary · 6.1 mi away
General Brown Junior-Senior High School
Secondary · 6.6 mi away
General Brown Central School
School · 6.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 136 Seymour Street, Watertown City, NY | $239,000 | 3 | 2 | 1,357 |
| 223 Wealtha Avenue, Watertown City, NY | $239,900 | 3 | 2 | 1,088 |
| 117 Bowers Avenue, Watertown City, NY | $239,900 | 4 | 2 | 2,175 |
| 316 N California Avenue, Watertown City, NY | $239,900 | 4 | 2 | 1,512 |
| 351 N California Avenue, Watertown City, NY | $244,900 | 4 | 1 | 1,232 |
| 403 Walnut Street, Elmira City, NY | $249,000 | 3 | 3 | 3,052 |
Moving Cost Estimate
EXIT Agents in Watertown City
Listing Courtesy: Motivated Realty - 3157783503
Presented by: Jeremy Briggs
IDX information is provided exclusively 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. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2025-11-04