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    140 High St Watertown, NY 13601

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    For Sale
    $694,900

    Turnkey, income-generating, renovated historic building in Downtown Watertown.

    Lot size:
    0.36 Acres

    Property Features for 140 High St

    General Information

    Lot size
    0.36 Acres

    Building Details

    Year built
    1950

    Source: Forte Management Group Agent Stephen Byers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Historic Downtown Apartments

    This historic building in Downtown Watertown presents a rare investment opportunity. The property has undergone significant renovations since 2022, with over $300,000 invested in updates. These renovations include new floors, windows, kitchens, and bathrooms. The building features 12 modern apartments, with 11 currently rented. The apartments offer a choice of 4 different styles. Keyless entry and a security system are in place. There is ample parking available for all tenants. The property has a long-term partnership with DSS, which maintains an on-site office to provide added security and property oversight. This turnkey property is fully updated and generating income.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -75.9013105
    Latitude
    43.9735899

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, income-generating, renovated historic building in Downtown Watertown.
    Where is this apartment building located?
    The property is located at 140 High St Watertown, NY.
    What is the asking price?
    The asking price for this property is $694,900.
    What are key features of this property?
    This property features: - Turnkey property generating income with 11 of 12 modern apartments currently rented.; - Over $300K in renovations since 2022, including all-new floors, windows, kitchens, and bathrooms.; - Long-term partnership with DSS, providing an on-site office for added security and property oversight.
    (315) 767-5893
    Request Owner's contact information
    140 High 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
    140 High St Watertown, NY 13601
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