454 South Massey Street Watertown City NY 13601 | MLS #S1692040

Looking for your next investment property? Here’s an opportunity you won’t want to miss! This well-maintained 5-unit multifamily property in the City of Watertown offers excellent income potential, numerous improvements, and room for future growth! Featuring five 1-bedroom, 1-bath apartments, this property currently has three occupied units and two vacant units, providing an excellent opportunity for a new owner to establish rents and increase rental income. With all five units fully occupied, the property has the potential to generate $51,600 in annual gross rental income!

Four of the five apartments have undergone extensive renovations, including updated kitchens, bathrooms, electrical, lighting, flooring, and paint. These improvements make this property an attractive option for investors looking to minimize upfront renovation expenses.

Major improvements have already been completed! The second-story roof features architectural shingles less than five years old, while the entire first-story roof was replaced with new steel roofing in 2026. The building also features recently painted wood siding, a blacktop driveway, and ample off-street parking.

Additional amenities include coin-operated laundry facilities, individual tenant storage lockers, steel emergency egress ladders, and a maintenance/storage shed. The property sits on a generously sized lot with plenty of room for tenants to enjoy.

With two units currently vacant, there’s an immediate opportunity to secure new tenants at current market rents. Combined with the property’s extensive improvements, strong income potential, and existing rental history, this presents an attractive opportunity for investors looking to expand their portfolio or enter the multifamily market.

Whether you’re an experienced investor or purchasing your first multifamily property, this one deserves a closer look. Schedule your private showing today!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!