624 Franklin St, Watertown, NY 13601

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 of the 5 units are occupied, making this a great option for an owner-occupant or investor looking to fill the final vacancy and maximize 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.