UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,918 sqft
Price per Sqft $46
Subdivision Cowens Rearrangment/Lansi
MLS Listing ID S1667818
Style Duplex
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1890
Annual Tax Amount $3,438
Lot Size 5,000 Sqft
Acres 0.1148
Lot Dimensions 50X100
Property Sub-Type Duplex
Property Description
Unlock exceptional value with this side-by-side duplex situated on a corner lot in the City of Watertown. Whether you're an investor or an owner-occupant looking to build long-term equity, this property offers rare potential — including an assumable loan with an interest rate under 3%, a tremendous advantage in today's market.
One unit features 3 bedrooms and 1 bath, while the second offers 2 bedrooms and 1 bath, giving you flexible rental or resale options. The roof is approximately 4 years old (per owner), providing a solid foundation for future improvements.
The property is being sold as-is, where-is. The furnaces are not functional, and the water line may have been damaged during winter (condition unknown). For the right buyer, this is an opportunity to add value and significantly increase returns.
Once refreshed, this duplex is poised to shine—whether as a lucrative flip or a steady, high-performing rental.
You'll also love the location:
• Straight drive to Fort Drum
• Minutes from Samaritan Medical Center
• Close to two elementary schools
• Quick access to highway entrance/exit
With its strategic location, strong rental demand, and the rare benefit of an assumable sub-3% loan, this property stands out as one of the most compelling investment opportunities in Watertown.
Location
State NY
County Jefferson
Community Cowens Rearrangment/Lansi
Area Watertown-City-221800
Direction From downtown Watertown, head toward Mill Street and continue straight until you reach 734 Mill Street. The house will be on your right. For easier access, please note that there is additional parking available on the Stuart Street.
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s)
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Electric Water Heater
Laundry Washer Hookup
Exterior
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Cedar,Frame
Construction Status Existing
Schools
High Schools Watertown Senior High
School District Watertown
Others
Senior Community No
Tax ID 221800-003-000-0007-316-000-0000
Acceptable Financing Assumable, Cash, Conventional, Lender Approval, Rehab Financing
Listing Terms Assumable, Cash, Conventional, Lender Approval, Rehab Financing
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1667818
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115