29613 State Route 12, Clayton, NY 13624
Watertown-Clayton Pt 2 · Jefferson County
Key Facts
Description
Fantastic investment opportunity at highly visible Gunns Corners! This 8-unit apartment building sits prominently at the intersection of NYS Route 12 and NYS Route 180, offering excellent visibility, strong rental appeal, and easy accessibility. 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!
Property Information
Property Type
Commercial Sale
Sub-Type
Apartment
Year Built
1940
Stories
1
Living Area
4,867 sq ft
Lot Size
1.50 acres
Lot Dimensions
327X210
Parking Spaces
25
Zoning
COM 1
Days on Market
25
MLS® Listing#
S1672679
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,976
Assessed Value
$130,000
Parcel Number
223289-052-000-0001-066-000
Affordability Calculator
$79,980
Estimated monthly payment
$2,128/mo
Principal $319,920 · Est. interest $446,317 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Clayton, NY
- $390,000
- Median Listing Price
- 129
- Median Days on Market
- 1,716
- Median Sq Ft
- $297
- Median Price / Sq Ft
- 27
- Active Listings
- This home’s price is 3% above the area median.
- Its price per sq ft is 72% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Clayton, NY.
Location
Getting Around
Points of Interest in Clayton, NY
Showing the Clayton area map.
Nearby Schools
General Brown Junior-Senior High School
Secondary · 5.8 mi away
General Brown Central School
School · 5.8 mi away
Dexter Elementary School
Elementary · 6.2 mi away
Genesis Elementary School
Elementary · 6.3 mi away
General Brown Elementary School
Elementary · 6.8 mi away
La Fargeville Central School
School · 6.9 mi away
Lyme Central School
School · 7.0 mi away
Calcium Primary School
Elementary · 8.4 mi away
Jefferson-Lewis-Hamilton-Herkimer-Oneida Boces
School · 8.9 mi away
North Elementary School
Elementary · 9.0 mi away
Watertown City School District
School · 9.2 mi away
Starbuck Elementary School
Elementary · 9.2 mi away
Evans Mills Primary School
Elementary · 9.5 mi away
Ihc Intermediate School
School · 9.6 mi away
New Day Children's Center
School · 9.8 mi away
Immaculate Heart Central Elementary School
Elementary · 9.8 mi away
Sherman School
Elementary · 10.1 mi away
Immaculate Heart Central School
School · 10.1 mi away
Thousand Islands Central School District
Elementary · 10.3 mi away
Ohio Street School
Elementary · 10.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 714 Union Street, Clayton, NY | $299,000 | 4 | 3 | 1,836 |
| 32523 Rt-12, Clayton, NY | $299,900 | — | — | 4,800 |
| 14492 Grossman Point, Clayton, NY | $300,000 | 1 | 1 | 720 |
| 17079 May Irwin Road, Clayton, NY | $329,900 | 3 | 1 | 1,344 |
| 43206 Murray, Clayton, NY | $329,900 | 2 | 2 | 608 |
| 43206 Murray, Clayton, NY | $329,900 | 2 | 2 | 608 |
Moving Cost Estimate
EXIT Agents in Clayton
Listing Courtesy: Keller Williams Northern New York - 315-778-6473
Presented by: Noah Taylor
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable by is not guaranteed accurate by the MLS.
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Fair Housing NoticeLast Updated: 2026-04-10