5-Unit Apartment
For Sale
$429,900
831 Washington Street, Watertown, NY 13601
MultiFamily, Watertown, NY
Property Size4,960 SF
Lot Size0.18 Acres
Price / SF$86.67
Days on Market98
Property Features for 831 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 4, Basement, Bedroom 7, Bedroom 3, Bedroom 2
Parking features
Garage
Exterior features
BlacktopDriveway
Appliances
GasOven, GasRange, GasWaterHeater, Refrigerator
Lot features
Corner Lot, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Watertown
Middle school district
Watertown
High school district
Watertown
Directions
Corner of Washington and Bowers
Subdivision
Watertown-City-221800
Standard status
Active
APN
221800-011-000-0013-126-000-0000
Size
4,960 SF
Lot size
0.18 Acres
Additional Details
Individually Metered Utilities
electric
Taxes and HOA fees
Tax Annual Amount
4791
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Amenities
shared laundry
Building Details
Year built
1950
Floors in Building
2
Number of units
5
Flooring type
Varies, Carpet, Laminate, Tile
Building materials
Cedar
Roof type
Shingle
Buildings
1
Listing Agency:
Bridgeview Real Estate
Listed By:
Robert Gardner · License #10301217226
(315) 782-9292
Added: Jul 27
Changed: Oct 30
Last Checked: Nov 1 at 9:06PM
MLS# S1700040
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.
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Investment Insights
Based on property information with market context.
This 4,960-square-foot apartment property, built in 1950, contains five residences on a 0.1773-acre parcel. The mix includes two two-bedroom units, two studios and a larger 4-5 bedroom apartment that spans two levels. Shared laundry is located in the basement, and a garage provides on-site parking. Electric service is separately metered for each unit; heat is included and supplied by a natural-gas steam boiler, serviced at least annually. The roof is less than 5 years old, the exterior has been painted recently, and the chimney has been rebuilt with stainless steel liners.
The building at 831 Washington Street is directly across from Samaritan Hospital. Additional property features include a blacktop driveway and public water.
The building at 831 Washington Street is directly across from Samaritan Hospital. Additional property features include a blacktop driveway and public water.
Key Highlights
- Five apartments totaling 4,960 square feet on 0.1773 acres
- Unit mix: two two‑bedroom units, two studios and one 4‑5 bedroom unit across two levels
- Separately metered electric; heat included and supplied by a natural‑gas steam boiler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,533
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,660
$730.7K
Cap Rate 7%
$521,900
$521.9K
Cap Rate 9%
$405,922
$405.9K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$71.4K $14.40/SF
− Vacancy
−$5.0K −$1.01/SF
EGI
$66.4K $13.39/SF
− OpEx
−$29.9K −$6.03/SF
NOI
$36.5K $7.37/SF
Area
Jefferson County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,660
Cap Rate 7%
$521,900
Cap Rate 9%
$405,922
Alternative Uses
Best Use
Apartment 5plus
$521.9K
$456.7K – $608.9K
NOI $36,533 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,708 @ 7.0% cap · market cap 22.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix combines studios, two-bedroom apartments and a larger residence arranged across two levels.
Where is this apartment building located?
The property is located at 831 Washington Street Watertown, NY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Five apartments totaling 4,960 square feet on 0.1773 acres; Unit mix: two two‑bedroom units, two studios and one 4‑5 bedroom unit across two levels; Separately metered electric; heat included and supplied by a natural‑gas steam boiler
