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624 Franklin Street, 
Watertown, NY 13601

$339,000


4

Beds


Bath


4,188

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Jeremy Briggs

Motivated Realty

315-778-3503

Last updated:

May 28, 2026, 02:51 PM

MLS#

S1648791

Source:

NY GENRIS

About This Home

624 Franklin Street

Prime multi-unit investment opportunity in the heart of Watertown! This well-maintained 5-unit property currently brings in $4,550/month with room to grow. The building features three 1-bedroom units, one studio, and one 2-bedroom unit, offering a versatile mix that appeals to a broad tenant base. Currently 4 all 5 units are occupied allowing easy transition with maximum cash flow. Recent upgrades include a new fence around the property, refreshed front steps, and ongoing interior improvements as units turn over — ensuring the building remains attractive and rent-ready. Several units have been recently updated, providing a clean and refreshed feel for new tenants. Conveniently located near downtown, shopping, and Fort Drum access, this property offers stable rental demand and solid income from day one. Whether you’re expanding your portfolio or stepping into multi-family investing, 624 Franklin is a strong, income-producing asset in a desirable location.

Home Facts

Multi-Family

4 Bedrooms

Built in 1950

Price Summary

339,000

$80 per Sq. Ft.

MLS #:

S1648791

Last Updated:

May 28, 2026, 02:51 PM

Added:

6 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Interior

Living Area:

4,188 Sq. Ft.


Structure

Structure

Building Area:

4,188 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

7,189


Finances & Disclosures

Finances

Price:

$339,000

Price per Sq. Ft:

$80 per Sq. Ft.

Source:NY GENRIS
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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.