CCertihomes
702 Academy Street, Watertown City, NY 13601

$159,900

8 beds 4 baths 5,235 sqft Built 185015 days on marketActive

About this home

Welcome to 702 -704 Academy Street – a well-maintained 4-unit multi-family property offering strong rental potential and solid returns. Each unit features 2 bed 1 bath. Located in a quiet neighborhood, and close proximity to downtown shops, schools, and Fort Drum, this property is a perfect addition to any investor's portfolio. Whether you're looking to live in one unit and rent the others or grow your rental income, this turn-key property offers flexibility and long-term value. Currently includes 3 rented units with long term reliable tenants. Almost at 11% CAP rate with 3 units rented with potential for 15%. Building is up to date on inspections and rental registry. Don’t miss your chance to own a cash-flowing asset in a high-demand rental market!

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.

Your estimated payment
$3,119/mo

Real estate (PITI + HOA + PMI)
$1,617
Principal + interest$1,026
Property tax + insurance$531
PMI / 2nd mortgage$60
Utilities
$2,941
Heating + cooling$1,321
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$3,119/mo TLC
Budget$5,000/mo
Remaining after TLC$1,881/mo
Purchase price
$159,900
Down payment
$7,995 (5%)
Loan amount
$151,905
APR
7.15%

Quick facts

Type
MultiFamily
Style
Fourplex
Year built
1850
Lot size
0.095 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$2,004
MLS #
S1627301
County
Jefferson

At a glance

Basement

Home features

Appliances
GasWaterHeater
Exterior
Balcony
Parking
CommonTwoOrMoreSpaces
Flooring
Carpet, Varies, Vinyl
Roof
Asphalt
Sewer
Connected

Lot features

CornerLot, Rectangular, RectangularLot

Schools

Elementary
Knickerbocker Elementary
Middle
Case Middle
High
Watertown Senior High

Neighborhood — 13601

MetricThis ZIPCountyUSA
Population32,79219,351,094299,088,112
Population Change Since1990-7.00%8.00%20.00%
Population Density245395
Male15,6559,381,926147,432,321
Female17,1379,969,168151,655,844
Never Married6,6714,946,39163,775,926
Married12,6197,166,701123,120,365
Separated1,7431,159,67312,639,686
Widowed2,0091,110,24515,467,586
Divorced2,7791,210,44823,075,029
Number Of House Hold12,4717,102,016111,826,380
Average House Hold Size2.532.642.60
Medial Age34.0536.5335.46
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 R7.75%4.00%
W C J80.27%81.55%77.74%
(Zip) Code
13601

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 8/1/2025. Provided courtesy of Hunt Real Estate ERA via Buffalo MLS. Information deemed reliable but not guaranteed.