Updated Quadplex with Outdoor
For Sale
Under Contract
$245,000
1209 Washington Street, Watertown, NY 13601
Residential, Watertown, NY
Property Size3,036 SF
Lot Size0.42 Acres
Price / SF$80.70
Days on Market50
Property Features for 1209 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Basement, Bedroom 4
Patio and Porch features
Deck, Porch
Exterior features
Balcony, Deck
Appliances
ElectricWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Watertown
Middle school district
Watertown
High school district
Watertown
Subdivision
Watertown-City-221800
Standard status
Active Under Contract
APN
221800-013-000-0006-308-000-0000
Size
3,036 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
4108
Utilities
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Water source
Public
Amenities
on-site laundry
off-street parking
Building Details
Year built
1935
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate, Varies
Building materials
AluminumSiding, BlownInInsulation
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Lake Ontario Realty, LLC
Listed By:
Gayle Wiley · License #10301224059
(315) 649-3434
Added: Sep 4
Changed: Oct 22
Last Checked: Oct 23 at 5:06AM
MLS# S1700294
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,036-square-foot quadplex in Watertown contains four residential units and was built in 1935. Recent work includes a new front porch, two decks, exterior stair improvements, fresh paint, new flooring, and other cosmetic updates. The property also provides on-site laundry, aluminum siding, asphalt shingle roofing, public water, and natural-gas hot-water baseboard heating. Flooring varies by unit and includes tile and laminate.
The 0.4168-acre property is located near Samaritan Medical Center, additional medical practices, schools, shopping, and restaurants. Fort Drum is a short drive away. A large off-street parking area supports the four-unit configuration, while the decks and porch provide additional outdoor features.
The 0.4168-acre property is located near Samaritan Medical Center, additional medical practices, schools, shopping, and restaurants. Fort Drum is a short drive away. A large off-street parking area supports the four-unit configuration, while the decks and porch provide additional outdoor features.
Key Highlights
- Four residential units within a 3,036‑square‑foot quadplex
- 0.4168‑acre property in Watertown, NY
- Recent improvements include a front porch, 2 decks, exterior stairs, paint, flooring, and cosmetic updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,362
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,240
$447.2K
Cap Rate 7%
$319,457
$319.5K
Cap Rate 9%
$248,467
$248.5K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$43.7K $14.40/SF
− Vacancy
−$3.1K −$1.01/SF
EGI
$40.7K $13.39/SF
− OpEx
−$18.3K −$6.03/SF
NOI
$22.4K $7.37/SF
Area
Jefferson County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,240
Cap Rate 7%
$319,457
Cap Rate 9%
$248,467
Alternative Uses
Best Use
Multifamily LT 5
$357.1K
$312.5K – $416.6K
NOI $24,997 @ 7.0% cap · market cap 10.20%
Second Best
Apartment 5plus
$319.5K
$279.5K – $372.7K
NOI $22,362 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$836.9K
$732.3K – $976.4K
NOI $58,583 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units combine recent updates with on-site laundry, decks, a porch, and a large off-street parking area.
Where is this quadplex located?
The property is located at 1209 Washington Street Watertown, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four residential units within a 3,036‑square‑foot quadplex; 0.4168‑acre property in Watertown, NY; Recent improvements include a front porch, 2 decks, exterior stairs, paint, flooring, and cosmetic updates
