Four-Unit Multifamily Investment
409 Franklin Street Watertown, NY 13601
For Sale
Contact for pricing
Four-unit building with recent capital improvements, near downtown and the Fort Drum corridor.
Property Size4,884 SF
Price / SF$55.90
Days on Market63
Property Features for 409 Franklin Street
General Information
Standard status
Active
Size
4,884 SF
Property subtype
Multifamily
Building Details
Year Built
1950
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed By:
Jonathan Weinstein · License #NY
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 29 at 7:48AM
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
Investment Insights
Based on property information with market context.
409 Franklin St in the City of Watertown, NY offers a four-unit multifamily investment property. The building has undergone meaningful capital improvements in recent years, and it is presented as a well-maintained asset. With four separate units, the property provides a straightforward income-producing configuration for an owner who wants to manage a small, manageable multifamily portfolio.
The property is located near Downtown Watertown and the Fort Drum military corridor, two factors noted in the offering materials as supporting durable multifamily demand in the area. This location positioning is intended to appeal to tenants looking for convenient access to the downtown area and the broader Fort Drum employment base.
For investors and buyers seeking a small-balance multifamily asset, this opportunity is structured around continued rental performance through ongoing operational management. The offering also highlights a potential value-add path via continued rental growth and efficiencies. This is a practical option for buyers who want to own a four-unit property that has already benefited from recent capital improvements, with the goal of maintaining and optimizing day-to-day operations.
The property is located near Downtown Watertown and the Fort Drum military corridor, two factors noted in the offering materials as supporting durable multifamily demand in the area. This location positioning is intended to appeal to tenants looking for convenient access to the downtown area and the broader Fort Drum employment base.
For investors and buyers seeking a small-balance multifamily asset, this opportunity is structured around continued rental performance through ongoing operational management. The offering also highlights a potential value-add path via continued rental growth and efficiencies. This is a practical option for buyers who want to own a four-unit property that has already benefited from recent capital improvements, with the goal of maintaining and optimizing day-to-day operations.
Key Highlights
- 4‑unit multifamily property at 409 Franklin St in the City of Watertown
- Year built: 1950
- Meaningful capital improvements completed in recent years, supporting a well‑maintained asset
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building with recent capital improvements, near downtown and the Fort Drum corridor.
Where is this quadplex located?
The property is located at 409 Franklin Street Watertown, NY.
What is the asking price?
The asking price for this property is $273,000.
What are key features of this property?
This property features: 4‑unit multifamily property at 409 Franklin St in the City of Watertown; Year built: 1950; Meaningful capital improvements completed in recent years, supporting a well‑maintained asset
