$229,900
About this home
Excellent investment opportunity in the heart of Watertown! Located at 814 Academy Street, this 4-unit apartment building offers over 3, 600 square feet of total living space—making it a smart addition to any real estate portfolio. With a low cost per unit and strong potential for positive cash flow, this property is ideal for both new and seasoned investors. Currently generating $2, 775/month ($33, 300/year) in rental income, this property is priced to sell with a cap rate approaching 10%—a rare find in today's market! Two long-term tenants at below market rents means opportunity for additional rental income. Recent improvements include a new roof installed in 2024. One of the units is a near full remodeled unit completed in 2025. Additional interior upgrades across the building include updated some flooring in all units, also completed in 2025. Situated in a convenient and central location, the property is just minutes from local shops, parks, schools, and essential amenities. With its combination of size, location, and upgrades, this multifamily property offers exceptional value and long-term potential. Don’t miss your chance to own a strong income-producing property in Watertown!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $2,076
- Utilities
- $2,191
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
At a glance
Home features
Lot features
Rectangular, RectangularLot, ResidentialLot
Neighborhood — 13601
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 32,792 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | -7.00% | 8.00% | 20.00% |
| Population Density | 245 | 395 | — |
| Male | 15,655 | 9,381,926 | 147,432,321 |
| Female | 17,137 | 9,969,168 | 151,655,844 |
| Never Married | 6,671 | 4,946,391 | 63,775,926 |
| Married | 12,619 | 7,166,701 | 123,120,365 |
| Separated | 1,743 | 1,159,673 | 12,639,686 |
| Widowed | 2,009 | 1,110,245 | 15,467,586 |
| Divorced | 2,779 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 12,471 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.53 | 2.64 | 2.60 |
| Medial Age | 34.05 | 36.53 | 35.46 |
| Median House Hold Income | $33,861 | $49,847 | $48,276 |
| Average House Hold Income | $44,637 | $70,032 | $63,629 |
| P C I | $17,680 | $26,569 | $24,529 |
| M D I | $29,953 | $42,210 | $41,133 |
| A T H E | $40,488 | $54,185 | $50,898 |
| S T R | 7.75% | 4.00% | — |
| W C J | 80.27% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 7/23/2025. Provided courtesy of Keller Williams Northern New York via Buffalo MLS. Information deemed reliable but not guaranteed.