Four-Unit Multifamily Investment
For Sale
Contact for pricing
409 Franklin Street, Watertown, NY 13601
Four-unit building with recent capital improvements, near downtown and the Fort Drum corridor.
Property Size4,884 SF
Price / SF$55.90
Days on Market109
Property Features for 409 Franklin Street
General Information
Standard status
Active
Size
4,884 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$16,683
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Year Renovated
2020
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed By:
Jonathan Weinstein · License #NY
Source:
Crexi
Added: May 29
Changed: Sep 6
Last Checked: Sep 14 at 8:04AM
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
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,536
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
