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Fully Renovated 3-Unit Triplex
For Sale
$174,900

723 Franklin Street, Watertown, NY 13601

MULTI_FAMILY - Other - Watertown, NY

Property Size2,378 SF
Lot Size0.12 Acres
Price / SF$73.55
Days on Market52

Property Features for 723 Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 4, Bathroom 3, Basement, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5
Appliances GasWaterHeater
Subdivision Catherine Cuff Prop
Lot features Rectangular, Rectangular Lot, Residential Lot
Middle school Case Middle
High school Watertown Senior High
Elementary school district Watertown
Middle school district Watertown
High school district Watertown
Standard status Active
APN 221800-012-000-0007-316-000-0000
Size 2,378 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 3176

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1870
Floors in Building 2
Number of units 3
Flooring type Carpet, Vinyl, Varies
Building materials VinylSiding
Architectural style Other
Listing Agency: Real Broker NY LLC
Listed By: Michael Miceli · License #10301224302
Added: Jun 18 Changed: Aug 4 Last Checked: Aug 8 at 11:06PM
MLS# S1691616

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully renovated 3-unit triplex offers updated, move-in-ready interiors and practical day-to-day management features. The apartments include modern kitchens, renovated bathrooms, grey laminate flooring, and fresh finishes throughout. Flooring varies by space with vinyl and carpet, and the property includes a basement. Heating is forced air with natural gas, and there is a gas water heater. Public water is provided, and the exterior is built with durable vinyl siding.

Set on a corner lot on Franklin Street in Watertown, the property includes off-street parking and the low-maintenance exterior benefits of vinyl siding. The layout also benefits from separate utilities, which can simplify tracking and reduce friction between units.

With a year built of 1870 and a total size of 2,378 square feet on a 0.1215-acre lot, this multifamily can support a tenant-occupied strategy or an owner-occupied “house hacking” approach by living in one unit and generating income from the other two.

Key Highlights

  • Fully renovated 3‑unit triplex with modern kitchens and renovated bathrooms
  • Separate utilities designed to simplify property management across units
  • Corner lot with durable vinyl siding and off‑street parking

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store Tech Support Center Cafe & Coffee Shop HVAC Service Florist

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

974
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - 3-unit triplex with separate utilities, vinyl siding, off-street parking, and gas forced-air heating.
Where is this triplex located?
The property is located at 723 Franklin Street Watertown, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Fully renovated 3‑unit triplex with modern kitchens and renovated bathrooms; Separate utilities designed to simplify property management across units; Corner lot with durable vinyl siding and off‑street parking
More about this property
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