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    254 Main St Watertown, NY 13601

    Sponsored
    For Sale
    $425,000

    Six-unit apartment building, prime Watertown location.

    Property size:
    7,488 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a six-unit apartment building ideally situated on East Main Street in Watertown, NY. The property boasts a total of 7,488 square feet and sits on a 0.2-acre lot, providing ample parking for residents. Each of the six apartments features three bedrooms and one bathroom, catering to a wide range of tenants. Two units (apartments 2 and 4) offer the convenience of in-unit washer/dryer hookups, while all units are equipped for laundry connections. Recent renovations have significantly enhanced the property's appeal, including fresh interior paint, new flooring throughout, and completely remodeled bathrooms. This meticulous attention to detail ensures a high-quality living experience for tenants and maximizes rental income potential. The building's location is another key advantage, offering proximity to Watertown's vibrant downtown square and local schools, making it highly attractive to families and professionals alike. The property's strong rental history and excellent condition make it an ideal addition to any investment portfolio. With its attractive features and strategic location, this six-unit apartment building represents a compelling opportunity for significant return on investment. The property is priced at $425,000.

    Property Features for 254 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,488 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.90079
    Latitude
    43.98047

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit apartment building, prime Watertown location.
    Where is this commercial real estate located?
    The property is located at 254 Main St Watertown, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    (315) 777-4365
    Request Owner's contact information
    254 Main St Watertown, NY 13601
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    Watertown, NY 13601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    254 Main St Watertown, NY 13601
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