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    214/218 Charles St Watertown, NY 13601

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    Sponsored
    For Sale
    $150,000

    MULTI_FAMILY - Other - Watertown, NY

    Property size:
    1,694 SF
    Lot size:
    0.18 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 8:06 pm

    Property Features for 214/218 Charles St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Wood Frames
    Rooms
    Bathroom 1, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    221800-003-000-0006-313-000-0000
    Parking features
    Garage
    Patio and Porch features
    Porch
    Exterior features
    PrivateYard
    Appliances
    GasWaterHeater
    Size
    1,694 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1919
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Hardwood, Varies, Vinyl, Carpet
    Building materials
    VinylSiding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Chenoa Reynolds

    Bridgeview Real Estate Services (315) 782-9292

    Listing agent Chenoa Reynolds (315) 782-9292 License #10401341542

    Listing date Mar 10, 2026

    MLS# S1665306 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Watertown Duplex with Renovation Potential

    This craftsman duplex offers a blend of location and value. Situated in a neighborhood close to an elementary school, dining options, and convenience stores like Stewart's and Tim Horton's, the property features mirror-image side-by-side units. Each unit includes a dining area, living room, and kitchen on the ground floor, with two bedrooms and one bathroom upstairs. Both units have their own front porch, front and back entrances, dedicated yard space, and a private dry basement with washer and dryer hookups, as well as attic crawl space access and closet space. A shared double-wide driveway provides access, and additional dedicated off-street parking is available at the rear and side of the house. A two-car garage has a new roof. One of the units is updated and ready for occupancy. Its kitchen features open shelving and a coffee bar area. Renovations have been started in the other unit, awaiting completion with improvements including new sheet rock and a new tub with surround. A new sink and bathroom vanity are included in the sale, along with a toilet, refrigerator, sink, gas stove/oven, washer, dryer, and laundry sink. Original hardwood floors are present throughout most of the unit. The home features updated electrical, plumbing, and windows. Drains from the street to the home have been cleaned and flushed. Each unit has separate utilities and 150 amp service. The property is located on a lot of approximately 0.1837 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.901792
    Latitude
    43.983582

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    FAQs

    What type of property is this?
    Duplex - Cozy craftsman duplex in a convenient Watertown neighborhood.
    Where is this duplex located?
    The property is located at 214/218 Charles St Watertown, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Duplex featuring two separate units, each with 2 bedrooms and 1 bathroom.; - Prime location: close to elementary school, dining, Stewart's, and Tim Horton's.; - Updated unit (218) is move-in ready; unit (214) offers renovation potential.
    (315) 782-9292
    Request Owner's contact information
    214/218 Charles St Watertown, NY 13601
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    Watertown, NY 13601
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    214/218 Charles St Watertown, NY 13601
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    We can help!
    Listing Contact
    Chenoa Reynolds
    Real Estate License ID: 10401341542
    (315) 782-9292
    Learn more
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