522 Cross Street Watertown, NY 13601
MULTI_FAMILY - Other - Watertown, NY
- Added:
- Apr 29, 2026
- Days on Market:
- 75
- Last Refresh:
- Jul 12 at 11:06 am
Property Features for 522 Cross Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
- Patio and Porch features
- Porch, Deck, Patio
- Exterior features
- Deck, Patio
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 221800-009-000-0001-209-000-0000
- Size
- 1,958 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2646
Utilities
- Heating system
- Forced Air, Electric (Heating), Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- VinylSiding
- Architectural style
- Other
Listing agent Noah Taylor License #10401359495 (315) 778-6473
Listing office Keller Williams Northern New York 114 Court Street, East Syracuse, NY (315) 459-6619
Listing date Apr 29, 2026
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.
Key Highlights
- 3‑unit triplex in Watertown with two leased 2‑bedroom units: $875/mo (downstairs) and $900/mo (upper), both tenant‑occupied
- 1‑bedroom unit on the first floor is currently vacant, offering options for owner occupancy or added rental income
- New roof installed on the main structure, plus recent interior updates including refreshed bathrooms and luxury vinyl plank flooring
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 | $24.7k | $12.60 |
| − Vacancy | −$1.6k | −$0.84 |
| EGI | $23.0k | $11.76 |
| − OpEx | −$6.9k | −$3.53 |
| NOI | $16.1k | $8.23 |
