Back to Search

Watertown Duplex with Garage Space

537 Cross Street Watertown, NY 13601

For Sale

Under Contract

$180,000

MULTI_FAMILY - Watertown, NY

Property size:

1,382 SF

Lot size:

0.20 Acres

Price / SF:

$130/SF

For Sale

Under Contract

$180,000

MULTI_FAMILY - Watertown, NY

Property size:

1,382 SF

Lot size:

0.20 Acres

Price / SF:

$130/SF

Added:: Apr 29, 2026
Days on Market:: 75
Last Refresh:: Jul 12 at 11:06 am

Property Features for 537 Cross Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 2
Rooms: Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Basement
Appliances: ElectricWaterHeater, GasWaterHeater
Standard status: Active Under Contract
APN: 221800-009-000-0002-124-000-0000
Size: 1,382 SF
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Annual Amount: 2385

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: 2
Flooring type: Vinyl, Varies, Carpet
Building materials: VinylSiding

Listing agent Noah Taylor License #10401359495

Listing office Keller Williams Northern New York 114 Court Street, East Syracuse, NY

Listing date Apr 29, 2026

MLS# S1677199 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.

Investment Insights

Based on property information with market context.

Located in the City of Watertown, this well-maintained duplex at 537 Cross St offers strong rental income. The property features a 1-bedroom apartment rented for $775 per month and a 2-bedroom unit generating $1,000 per month. The larger unit has a two-story layout, providing ample living space. Tenants are long term and maintain the property well. A standout feature is the exceptional garage space available for tenant use. The backyard is unusually large for a city lot, offering plenty of usable outdoor space. The property size is 1382 square feet, situated on a lot of 0.2028 acres. This duplex presents an excellent opportunity for investors looking to expand their portfolio with a quality asset. The seller also has a triplex across the street at 522 Cross that is also for sale, the 2 properties could be sold as a package together!

Key Highlights

Duplex at 537 Cross St in Watertown with two units: 1‑bedroom renting for $775/month and 2‑bedroom renting for $1,000/month.
Long‑term tenants in both units, with the property described as well‑maintained and consistently cared for.
2‑bedroom unit features a two‑story layout for separation and additional living space.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$17.4k	$12.60
− Vacancy	−$1.2k	−$0.84
EGI	$16.3k	$11.76
− OpEx	−$4.9k	−$3.53
NOI	$11.4k	$8.23

1,382 SF · lease $12.60/SF/yr · vacancy 6.65% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$162.6K

$142.2K – $189.7K (±1% cap)

NOI $11,379 @ 7.0% cap · market cap 6.32%

Second Best

Apartment 5plus

$145.4K

$127.2K – $169.7K (±1% cap)

NOI $10,179 @ 7.0% cap · market cap 5.66%

Theoretical Best

Office A

$381.0K

$333.3K – $444.5K (±1% cap)

NOI $26,667 @ 7.0% cap · market cap 14.82%

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

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Similar For Sale Nearby

$290,000

6,264 SF

Three-Story Corner Commercial Building

Versatile three-level commercial building on a highly visible corner lot with ample on-site parking for customers and staff.

1605 State Street, Watertown, NY 13601

View Details
$400,000

3,116 SF

Mixed-Use Office and Residence

Well-maintained property combines main-level office space with an upstairs 2-bedroom apartment.

1201 Washington Street, Watertown, NY 13601

View Details
$169,000

8,920 SF

Historic Downtown Retail and Office Building

Three-floor downtown building with a largely cleared open main floor, positioned directly on the Public Square.

67-69 Public, Watertown, NY 13601

View Details
$375,000

5,344 SF

Two-Building Historic Downtown Retail

Two historic retail buildings offer multiple floors with four established ground-floor businesses and additional rentable space.

18-24 Public, Watertown, NY 13601

View Details
$439,000

5,640 SF

Four-Unit Apartment Building with Detached Garage

Four occupied units with shared laundry and hardwood flooring, plus a large detached rear garage for storage or added income.

1133 State Street, Watertown, NY 13601

View Details
$119,900

1,543 SF

Watertown Duplex with Two Units

Duplex for sale with one occupied unit and one recently renovated, move-in-ready apartment.

606 Lansing Street, Watertown, NY 13601

View Details
$160,000

1,490 SF

Commercial Flex and Warehouse Building

Mixed-use flex and warehouse building with small office, bathroom, warehouse-style space, and paved on-site parking.

1450 Huntington Street, Watertown, NY 13601

View Details
$174,900

2,378 SF

Turnkey 3-Unit Multifamily Property

Fully renovated 3-unit corner property with separate utilities and off-street parking, suited for owner-occupants or investors.

723 Franklin Street, Watertown, NY 13601

View Details
$230,000

1,958 SF

Updated Triplex in Watertown Heart

Well-maintained 3-unit triplex with income potential in Watertown.

522 Cross Street, Watertown, NY 13601

View Details
$114,900

2,064 SF

Two-Unit Residential Income Property

Two-unit home with a partially completed kitchen, multi-level first unit, and shared backyard access.

111 N Orchard Street, Watertown, NY 13601

View Details
$256,000

2,356 SF

Duplex with In-Unit Laundry

Tenant-occupied duplex with two 2-bedroom units, in-unit laundry, separate utilities, and off-street parking.

345 Brainard Street, Watertown, NY 13601

View Details
$129,000

2,768 SF

Duplex with One Vacant Unit

Two-unit duplex on a corner lot, with one side rented and the other currently vacant.

126 S Rutland Street, Watertown, NY 13601

View Details

For sale
Duplexes
NY
Watertown
13601
537 Cross Street

What type of property is this?

Duplex - Well-maintained duplex with strong rental income and desirable features.

Where is this duplex located?

The property is located at 537 Cross Street Watertown, NY.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Duplex at 537 Cross St in Watertown with two units: 1‑bedroom renting for $775/month and 2‑bedroom renting for $1,000/month.; Long‑term tenants in both units, with the property described as well‑maintained and consistently cared for.; 2‑bedroom unit features a two‑story layout for separation and additional living space.

537 Cross Street Watertown, NY 13601

MULTI_FAMILY - Watertown, NY

Property Features for 537 Cross Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Three-Story Corner Commercial Building

Mixed-Use Office and Residence

Historic Downtown Retail and Office Building

Two-Building Historic Downtown Retail

Four-Unit Apartment Building with Detached Garage

Watertown Duplex with Two Units

Commercial Flex and Warehouse Building

Turnkey 3-Unit Multifamily Property

Updated Triplex in Watertown Heart

Two-Unit Residential Income Property

Duplex with In-Unit Laundry

Duplex with One Vacant Unit

FAQs