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12-Unit Multifamily Building
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120 Keyes Avenue, Watertown, NY 13601

Improved apartment property near Downtown Watertown and the Fort Drum military market.

Property Size14,599 SF
Price / SF$49.73
Days on Market130

Property Features for 120 Keyes Avenue

General Information

Standard status Active
Size 14,599 SF
Class B
Property subtype Multifamily
Occupancy 83%
Investment Type Value Add
Net Operating Income $49,653

Additional Details

Multifamily Units 12

Building Details

Year Built 1950
Year Renovated 2020
Buildings 2
Units 12
Tenancy Multi
Listing Agency: Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed By: Jonathan Weinstein · License #NY
Source: Crexi
Added: May 29 Changed: Sep 7 Last Checked: Oct 4 at 10:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Pyramid Brokerage Company Syracuse

Investment Insights

Based on property information with market context.

This 12-unit multifamily property in Watertown, New York, was built in 1950 and has received capital improvements since 2020. The apartment building is described as well maintained, with strong in-place occupancy and stable operations.

The property is positioned near Downtown Watertown and the Fort Drum military market, serving the Northern New York region. Its location provides proximity to two established demand centers identified in the offering materials.

Key Highlights

  • 12‑unit multifamily property in Watertown, NY
  • Capital improvements completed since 2020
  • Built in 1950

Property Analytics

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Open Analytics

Current Use

Keyes Ave Apt Apartment Building

Suggested Use

Top Pick HVAC Service Nail Salon Storage Facility Carpet & Flooring Store Tech Support Center Cafe & Coffee Shop

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,624
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?
Apartment building - Improved apartment property near Downtown Watertown and the Fort Drum military market.
Where is this apartment building located?
The property is located at 120 Keyes Avenue Watertown, NY.
What is the asking price?
The asking price for this property is $726,000.
What are key features of this property?
This property features: 12‑unit multifamily property in Watertown, NY; Capital improvements completed since 2020; Built in 1950
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