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1133 State Street, 
Watertown, NY 13601

$439,000


8

Beds


4

Baths


5,640

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mark Taylor

Keller Williams Northern New York

315-459-6619

Last updated:

August 10, 2026, 03:05 PM

MLS#

S1685932

Source:

NY GENRIS

About This Home

1133 State Street

Exceptional opportunity to own one of the nicest multi-family investment properties in the City of Watertown! This impressive 4-unit apartment building offers strong rental income, excellent square footage at 5640, and a rare oversized 0.45-acre city lot that feels even larger in person. The building is huge! Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success. The building features a total of 8 bedrooms and 4 bathrooms, including two spacious 3-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. Hardwood flooring throughout much of the property adds character and charm. All units are currently occupied with a solid friendly tenant base generating approximately $3,950 per month in rental income. One downstairs 1-bedroom unit is expected to become vacant at the end of June, creating a potential owner-occupancy opportunity for buyers utilizing FHA or VA financing. A laundry common area at the front of the building add comfortable convenience for all tenants. An additional standout feature is the huge detached garage space located at the rear of the property, offering excellent storage, workshop potential, or additional leasable income possibilities. Multi-family properties of this caliber rarely become available in Watertown. Located in a highly visible, high-traffic area close to shopping, restaurants, schools, hospitals, and everyday amenities, this property is perfectly positioned for long-term investment success. Whether you are looking to expand your investment portfolio or occupy one unit while generating income from the others, this property deserves serious attention.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1950

Price Summary

439,000

$77 per Sq. Ft.

MLS #:

S1685932

Last Updated:

August 10, 2026, 03:05 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

5,640 Sq. Ft.


Structure

Structure

Architectural Style:

Fourplex

Building Area:

5,640 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

19,904


Finances & Disclosures

Finances

Price:

$439,000

Price per Sq. Ft:

$77 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.