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Four-Unit Property with Laundry
New
For Sale
$325,000

1025 State Street, Watertown, NY 13601

Residential Income, Watertown, NY

Property SizeContact for details
Days on Market4

Property Features for 1025 State Street

General Information

Property type Residential Multi Family
Property subtype Other
Standard status Active

Amenities

community laundry facilities
Listing Agency: IRE INVESTMENTS
Listed By: Jonathan Gardner
Added: Sep 28 Changed: Oct 1 Last Checked: Oct 1 at 5:06PM
MLS# 12004270

Copyright © 2026 My State MLS. 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.

This four-unit property in Watertown includes community laundry facilities in the basement. Laundry machines are available to residents at their expense, and the property has undergone multiple updates.

Downtown Watertown is a short drive away, along with shopping, restaurants, entertainment, the Municipal Arena, Thompson Park & Zoo, golf, and the Black River. The Thousand Islands are less than an hour away, while the Adirondack region is approximately an hour’s drive.

Key Highlights

  • Four residential units
  • Basement community laundry; tenants pay to use the machines
  • Multiple updates have been completed throughout the property

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Bakery Carpet & Flooring Store Computer & Electronic Repair HVAC Service Garden Center

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

325
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?
Quadplex - Basement community laundry serves residents, with machine use paid by tenants.
Where is this quadplex located?
The property is located at 1025 State Street Watertown, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four residential units; Basement community laundry; tenants pay to use the machines; Multiple updates have been completed throughout the property
More about this property
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