12-Unit Multifamily Investment
For Sale
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140 High Street, Watertown, NY 13601
Twelve-unit multifamily property with recent capital improvements for buyers seeking an income-producing rental asset.
Property Size10,800 SF
Price / SF$50.56
Days on Market151
Property Features for 140 High Street
General Information
Standard status
Active
Size
10,800 SF
Class
B
Property subtype
Multifamily
Occupancy
50%
Investment Type
Value Add
Net Operating Income
$56,745
Additional Details
Multifamily Units
12
Building Details
Year Built
1950
Year Renovated
2020
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed By:
Jonathan Weinstein · License #NY
Source:
Crexi
Added: May 29
Changed: Oct 26
Last Checked: Oct 24 at 4:22PM
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
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Investment Insights
Based on property information with market context.
The offering at 140 High Street presents a 12-unit multifamily building. The property is described as having benefited from significant capital improvements in recent years, supporting a well-maintained asset. It is positioned as an investment opportunity with strong in-place occupancy and stable cash flow.
The property is located in the City of Watertown, near Downtown Watertown and the Fort Drum military corridor. The remarks also characterize the surrounding Northern New York market as consistently performing for multifamily, with sustained rental demand.
For investors, this configuration may be well-suited to a buyer looking for a maintained, income-generating multifamily asset with room for continued operational efficiencies and ongoing rental management. The ownership opportunity is presented as both value-add and practical for teams that can continue improving operations while maintaining the property’s strong current occupancy profile.
The property is located in the City of Watertown, near Downtown Watertown and the Fort Drum military corridor. The remarks also characterize the surrounding Northern New York market as consistently performing for multifamily, with sustained rental demand.
For investors, this configuration may be well-suited to a buyer looking for a maintained, income-generating multifamily asset with room for continued operational efficiencies and ongoing rental management. The ownership opportunity is presented as both value-add and practical for teams that can continue improving operations while maintaining the property’s strong current occupancy profile.
Key Highlights
- 12‑unit multifamily investment property located at 140 High St in the City of Watertown
- Year built: 1950
- Recent significant capital improvements have been made to the property
Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily property with recent capital improvements for buyers seeking an income-producing rental asset.
Where is this apartment building located?
The property is located at 140 High Street Watertown, NY.
What is the asking price?
The asking price for this property is $546,000.
What are key features of this property?
This property features: 12‑unit multifamily investment property located at 140 High St in the City of Watertown; Year built: 1950; Recent significant capital improvements have been made to the property
