723 Franklin Street Watertown City NY 13601 MLS #S1691616

Looking for a turnkey investment property in Watertown, NY? This fully renovated 3-unit multifamily offers the combination many investors are searching for: updated interiors, separate utilities, low-maintenance exterior features, and a location close to the heart of Watertown. Whether you’re adding to an established portfolio or looking for an owner-occupied opportunity, 723 Franklin Street delivers flexibility and long-term income potential.

Each apartment has been updated with modern kitchens, renovated bathrooms, grey laminate flooring, and fresh finishes throughout, creating attractive spaces for tenants while helping minimize immediate capital expenditures. Separate utilities provide added efficiency and simplify property management, making this a practical choice for investors seeking a straightforward, income-producing property in Jefferson County.

Situated on a corner lot, the property features durable vinyl siding and off-street parking, adding to its low-maintenance appeal. Its location places tenants just minutes from Public Square, schools, shopping, restaurants, and everyday conveniences, making this a desirable rental location in Watertown. Easy access to major employers, services, and downtown amenities helps support strong long-term rental demand.

For buyers interested in house hacking, this multifamily property in Watertown offers the opportunity to occupy one unit while generating income from the others. Investors looking for a 3-unit property in Watertown, NY will appreciate the move-in-ready condition and the ability to focus on operations and returns rather than renovations.

Whether you’re searching for a rental property in Watertown, NY, expanding your real estate portfolio, or pursuing an owner-occupied investment opportunity, 723 Franklin Street offers the updates, location, and versatility that make multifamily properties such a valuable asset in today’s market.