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Renovated Three-Unit Multifamily Property
For Sale
$174,900

723 Franklin Street, Watertown, NY 13601

Residential, Watertown, NY

Property Size2,378 SF
Lot Size0.12 Acres
Price / SF$73.55
Days on Market89

Property Features for 723 Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Basement
Appliances GasWaterHeater
Subdivision Catherine Cuff Prop
Lot features Rectangular, Rectangular Lot, Residential Lot
Middle school Case Middle
High school Watertown Senior High
Elementary school district Watertown
Middle school district Watertown
High school district Watertown
Standard status Active
APN 221800-012-000-0007-316-000-0000
Size 2,378 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 3176

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1870
Floors in Building 2
Number of units 3
Flooring type Varies, Carpet, Vinyl
Building materials VinylSiding
Architectural style Other
Listing Agency: Real Broker NY LLC
Listed By: Michael Miceli · License #10301224302
Added: Jun 18 Changed: Sep 12 Last Checked: Sep 14 at 5:06PM
MLS# S1691616

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located at 723 Franklin Street in Watertown, this three-unit multifamily property contains 2,378 square feet and dates to 1870. Interior improvements include refreshed kitchens and bathrooms, vinyl and laminate flooring, and updated finishes across the apartments. Separate utilities support distinct unit operations, while natural-gas forced-air heating, public water, vinyl siding, and off-street parking add practical building features.

The property occupies a 0.1215-acre corner lot in Jefferson County. Public Square, schools, shopping, restaurants, and downtown services are minutes away, with access to major employers and everyday amenities also nearby. The room inventory includes five bedrooms, three bathrooms, and a basement.

Key Highlights

  • Three‑unit multifamily property with 2,378 square feet
  • 0.1215‑acre corner lot at 723 Franklin Street
  • Updated kitchens, bathrooms, flooring, and interior finishes

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store Cafe & Coffee Shop Tech Support Center HVAC Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

974
Businesses Nearby

Demographics for 13601, NY

37,287
Population
18,653
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
140.8 sq mi
ZIP Area
265
Density / Sq Mi
$57,503
Median Household Income
$37,061
Median Earnings
$974
Median Rent
$170,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Corner-lot rental property with updated apartment interiors, separate utilities, vinyl siding, and off-street parking.
Where is this triplex located?
The property is located at 723 Franklin Street Watertown, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,378 square feet; 0.1215‑acre corner lot at 723 Franklin Street; Updated kitchens, bathrooms, flooring, and interior finishes
More about this property
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