29613 State Route 12 Clayton, NY 13624
4,867 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,867 sqft
Price per Sqft $82
Subdivision Watertown-Clayton Pt 2
MLS Listing ID S1672679
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $1,976
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions 327X210
Property Sub-Type Apartment
Property Description
Set on a generous 1.50-acre lot, the property features 4,867 square feet of living space with convenient one-story layouts throughout. The unit mix includes five 1-bedroom apartments, two studio units, and one spacious 3-bedroom apartment—providing a well-balanced and versatile rental portfolio.
The remodeled 1-bedroom unit is currently vacant and ready for immediate occupancy, with projected rental income of $800–$900/month. This unit has been thoughtfully updated with new flooring, modern countertops, and brand-new kitchen appliances, making it highly attractive to prospective tenants.
The property currently generates $5,370/month in rental income from existing tenants, delivering solid in-place cash flow with clear upside potential upon leasing the vacant unit. The actual Net Operating Income (NOI) for 2025 exceeded $51,000, highlighting the property's strong financial performance. A stable, long-term tenant base enhances reliability, while the large open parking area provides ample off-street parking for residents and guests.
With strong financials and value-add potential, this property is an excellent addition to any investment portfolio. Whether you're expanding your holdings or entering the multi-family market, this asset offers both performance and growth opportunity.
Schedule your private showing today!
Location
State NY
County Jefferson
Community Watertown-Clayton Pt 2
Area Clayton-223289
Zoning COM 1
Rooms
Basement None
Interior
Heating Propane, Other, See Remarks, Wall Furnace
Cooling Other, See Remarks
Inclusions Land and Building
Fireplace No
Exterior
Exterior Feature Propane Tank - Leased
Utilities Available Electricity Available, Electricity Connected
Roof Type Metal
Total Parking Spaces 25
Building
Lot Description Rectangular, Rectangular Lot
Story 1
Sewer Septic Tank
Water Well
Level or Stories One
Construction Status Existing
Schools
School District Thousand Islands
Others
Tax ID 223289-052-000-0001-066-000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1672679
NEARBY SCHOOLS & PROPERTIES