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Four-Unit Townhouse-Style Building
For Sale
$269,000

565 MILL ST, Watertown, NY 13601

Four spacious 3-bedroom, 1-bath townhouse-style apartments with individual covered porches and separate access.

Property Size6,144 SF
Price / SF$43.78
Days on Market380

Property Features for 565 MILL ST

General Information

Standard status Active
Size 6,144 SF
Property subtype Multi-Family
Occupancy 50%

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,515

Amenities

Gas
Full
3
Hardwood, Vinyl
Shared Driveway.
Wood
Rectangular
42X95
City Road, Rectangular.

Building Details

Year Built 1950
Tenancy Multi
Listing Agency: Forte Management Group
Listed By: Stephen Byers
Source: Xome
Added: Aug 23, 2025 Changed: Sep 2 Last Checked: Sep 5 at 6:08AM

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 Forte Management Group

Investment Insights

Based on property information with market context.

This four-unit property features spacious townhouse-style apartments, each with 3 bedrooms and 1 bathroom. Units have individual access and include a covered porch. The front porch requires roof repair. Two units are currently rented, and the other two have been prepared to begin showings.

Tenants are responsible for all utilities except water and sewer. The two rented units collect approximately $900 per month, and the prepared apartments have not been stated as occupied in the remarks.

The property is configured as four separate residential units within a single building, suitable for investors seeking a multi-unit residential income asset.

Key Highlights

  • 4‑unit property built in 1950 with townhouse‑style apartments, each with separate access and a covered porch
  • Each unit is a 3‑bedroom, 1‑bath layout
  • Tenant pays all utilities except water and sewer

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,341
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four spacious 3-bedroom, 1-bath townhouse-style apartments with individual covered porches and separate access.
Where is this quadplex located?
The property is located at 565 MILL ST Watertown, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 4‑unit property built in 1950 with townhouse‑style apartments, each with separate access and a covered porch; Each unit is a 3‑bedroom, 1‑bath layout; Tenant pays all utilities except water and sewer
More about this property
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