1025 State Street, Watertown, NY 13601

Property Description

Fully occupied 4-unit investment property at 1023-1025 State Street, Watertown. Four 2-bedroom, 1-bath units, two on each side, currently rent for $1,300, $997.50, $985, and $975 per month, a total of $4,257.50/month ($51,090/year) per the current rent roll. Leases are staggered, with terms running from late 2026 into 2028. The property totals 3,482 sq ft on approximately 0.2 acre and includes a second lot behind the home. Basement laundry is available for tenant use at their expense, and many updates have been completed throughout. Located minutes from downtown Watertown, with easy access to shopping, dining, Thompson Park, the Black River, and Fort Drum commuter routes. A strong fit for buy-and-hold investors, or for an owner-occupant looking to house-hack. Rent roll available to qualified buyers. Offered at $325,000.