11-Unit Apartment Income
146 West Main Street Watertown, NY 13601
146 West Main Street, Watertown, NY, 13601
$629,000
Pending
For Sale
$629,000
Pending
11-unit apartment property in Watertown with most units rented and several reportedly updated.
Property Size6,880 SF
Days on Market379
Property Features for 146 West Main Street
General Information
- Standard status
- Pending
- Size
- 6,880 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1950
Listing agency
Bridgeview Real Estate
(315) 782-9292
Listed by
Kirk Gilchrist · License #10401317321
(315) 782-9292
Source
Compass
Added: Jul 9, 2025 Updated: Jul 21 at 4:15AM Checked: Jul 22 at 8:01AM
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 Bridgeview Real Estate
Investment Insights
Based on property information with market context.
This 11-unit apartment income property offers an established rental setup with most units currently rented. Public remarks indicate the building is virtually completely rented and producing over $9,000 in income. Several units are also reported to have been updated, as reflected in the available photos.
The property is located at 146 West Main Street in Watertown, New York. Additional details, including a complete unit-by-unit rundown and current operating information, are available through your agent or the listing team.
For prospective buyers and brokers, the asset presents a straightforward, income-oriented multifamily configuration centered on consistent occupancy and unit updates within the existing portfolio.
The property is located at 146 West Main Street in Watertown, New York. Additional details, including a complete unit-by-unit rundown and current operating information, are available through your agent or the listing team.
For prospective buyers and brokers, the asset presents a straightforward, income-oriented multifamily configuration centered on consistent occupancy and unit updates within the existing portfolio.
Key Highlights
- 11‑unit apartment property in Watertown with most units reportedly rented
- Total interior area of 6,880 SF
- Full basement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.1k | $14.40 |
| − Vacancy | −$6.9k | −$1.01 |
| EGI | $92.1k | $13.39 |
| − OpEx | −$41.5k | −$6.03 |
| NOI | $50.7k | $7.37 |
6,880 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$723.9K
$633.4K – $844.6K
NOI $50,675 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,756 @ 7.0% cap · market cap 21.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 11-unit apartment property in Watertown with most units rented and several reportedly updated.
Where is this apartment building located?
The property is located at 146 West Main Street Watertown, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 11‑unit apartment property in Watertown with most units reportedly rented; Total interior area of 6,880 SF; Full basement
