1011 Gotham Street Watertown, NY 13601
MULTI_FAMILY - Watertown, NY
Property Features for 1011 Gotham Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Basement, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4
- Interior features
- CathedralCeilings, NaturalWoodwork
- Exterior features
- PrivateYard
- Appliances
- GasWaterHeater
- Standard status
- Active Under Contract
- APN
- 221800-013-000-0002-322-000-0000
- Size
- 2,595 SF
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3393
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Varies, Hardwood, Carpet
- Building materials
- Frame, Stone, VinylSiding
- Roof type
- Shingle
Listing agent Aaron Naklick License #10401373314 (315) 778-1717
Listing office Berkshire Hathaway HomeServices CNY Realty Watn 10412 US Route 11, Suite 1, Liverpool, NY (315) 232-7355
Listing date Nov 9, 2025
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1011 Gotham Street in Watertown, NY, the property is described as convenient to downtown as well as schools, shopping, and parks. The combination of city-limits placement and surrounding amenities can be attractive for tenants seeking practical access to daily needs.
From a leasing or owner-occupant standpoint, the current vacancy of two front units provides an opportunity for immediate occupancy or personal updates, while the third unit remains in place. This configuration may appeal to buyers looking for income-producing residential units within a single property, paired with a larger lot for day-to-day operations and outdoor space.
Key Highlights
- Triplex on Gotham Street with three units: two 2‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath unit
- Set on a 1‑acre lot within city limits with a private yard and ample outdoor space
- Two front units are currently vacant, offering flexibility for new tenants or owner occupancy
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $12.60 |
| − Vacancy | −$2.2k | −$0.84 |
| EGI | $30.5k | $11.76 |
| − OpEx | −$9.2k | −$3.53 |
| NOI | $21.4k | $8.23 |
