Four-Unit Apartment Building with
For Sale
$439,000
1133 State St, Watertown, NY 13601
Four occupied units with shared laundry and a detached rear garage, supporting dependable rental income.
Property Size5,640 SF
Lot Size0.45 Acres
Price / SF$77.84
Days on Market68
Property Features for 1133 State St
General Information
Standard status
Active
Size
5,640 SF
Lot size
0.45 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,313
Building Details
Building Size
5,640 SF
Year Built
1950
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Realty Syracuse
(315) 778-6936
Listed By:
Mark Taylor · License #10401336090
(315) 778-6936
Source:
Elliman
Added: Jun 10
Changed: Aug 16
Last Checked: Aug 16 at 7:19AM
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 Keller Williams Realty Syracuse
Investment Insights
Based on property information with market context.
This four-unit apartment building totals 8 bedrooms and 4 bathrooms, arranged as two 3-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Hardwood flooring is present throughout much of the property, and there is a common laundry area at the front of the building for tenant convenience. The building is currently fully occupied, generating approximately $3,950 per month in rental income, with one downstairs 1-bedroom unit expected to become vacant at the end of June.
Set on a 0.45-acre city lot, the property is described as being in a highly visible, high-traffic area. The location is noted as close to shopping, restaurants, schools, hospitals, and everyday amenities.
For investors, the current tenant occupancy and unit mix provide an immediate income stream. For an owner-occupant, the anticipated end-of-June vacancy offers a timing advantage to move into one unit while continuing to collect rent from the remaining apartments. The huge detached garage space at the rear of the property can support storage, a workshop setup, or other income-oriented use depending on the buyer’s plans.
Set on a 0.45-acre city lot, the property is described as being in a highly visible, high-traffic area. The location is noted as close to shopping, restaurants, schools, hospitals, and everyday amenities.
For investors, the current tenant occupancy and unit mix provide an immediate income stream. For an owner-occupant, the anticipated end-of-June vacancy offers a timing advantage to move into one unit while continuing to collect rent from the remaining apartments. The huge detached garage space at the rear of the property can support storage, a workshop setup, or other income-oriented use depending on the buyer’s plans.
Key Highlights
- 4‑unit apartment building, Year Built 1950, with 8 bedrooms and 4 bathrooms
- Total living area listed as 5,640 SF and situated on an oversized 0.45‑acre city lot
- All units currently occupied; approximately $3,950/month in rental income reported
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
307
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units with shared laundry and a detached rear garage, supporting dependable rental income.
Where is this quadplex located?
The property is located at 1133 State St Watertown, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 4‑unit apartment building, Year Built 1950, with 8 bedrooms and 4 bathrooms; Total living area listed as 5,640 SF and situated on an oversized 0.45‑acre city lot; All units currently occupied; approximately $3,950/month in rental income reported
