About 418 Clay Street
4-Unit Income Property in Downtown Watertown Exceptional cash-flowing investment in prime Watertown location, just 3 blocks from Public Square. This well-maintained 4-unit building is ready to perform immediately. It's ideal for owner-occupant house hackers or portfolio investors seeking strong returns. UNIT BREAKDOWN: Three 1-bedroom units and one 2-bedroom unit. Each unit features a private porch, built-in refrigerator, and stove. CURRENT INCOME: Monthly rents total $3,140 ($850 + $750 + $770 + $770). Annual gross income: $37,680. Property taxes: Under $2,300/year. Tenants pay own electric; landlord covers heat and water. RECENT IMPROVEMENTS: Driveway, gas boiler updated, soffit and fascia refreshed. WHY THIS WORKS: 4 units are rare in this market! Strong central location with consistent tenant demand and minimal capital expenditure needs. Property is well-maintained and positioned to generate immediate cash flow. Perfect stepping stone for owner-occupants looking to house hack while building equity, or a solid addition for active investors scaling portfolios.
Features of 418 Clay Street
| MLS® # | S1703592 |
|---|---|
| Price | $239,900 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,066 |
| Square Footage | 4674 |
| Acres | 0.11 |
| Year Built | 1937 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 418 Clay Street |
|---|---|
| Area | Watertown-City |
| Subdivision | City/Watertown |
| City | Watertown City |
| County | Jefferson |
| State | NY |
| Zip Code | 13601 |
Amenities
| Utilities | Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected, Common Area Maintenance, Gardener, Heat, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Irregular Lot, Residential Lot |
| Parking | Paved, Two or More Spaces |
| Garages | Paved, Two or More Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Luxury Vinyl, Varies |
|---|---|
| Interior Features | Ceiling Fan(s), Pull Down Attic Stairs |
| Appliances | Electric Water Heater |
| Heating | Gas, Radiator(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Vinyl Siding, Copper Plumbing, PEX Plumbing |
|---|---|
| Lot Description | Irregular Lot, Residential Lot |
| Roof | Metal |
| Construction | Vinyl Siding, Copper Plumbing, PEX Plumbing |
School Information
| District | Watertown |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | North Star Real Estate & Property Management |
|---|