Updated 2-Unit
New
For Sale
$269,000
140 Seymour St, Watertown, NY 13601
Each apartment has a three-bedroom layout, and major building components have been replaced in recent years.
Property Size2,162 SF
Days on Market6
Property Features for 140 Seymour St
General Information
Standard status
Active
Size
2,162 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$107,254
Building Details
Building Size
2,162 SF
Year Built
1917
Buildings
1
Stories
2
Units
2
Listed By:
Teri Reichert
(315) 782-4476
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 8:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Teri Reichert
Investment Insights
Based on property information with market context.
Built in 1917, this duplex contains two separate apartments, each with 3 bedrooms and 1 full bathroom. Work completed within the last 2 years includes replacement of the roof, hot water heaters, furnaces, siding, and gutters.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bathroom
- Roof, hot water heaters, furnaces, siding, and gutters updated within the last 2 years
- Built in 1917
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,801
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,020
$356.0K
Cap Rate 7%
$254,300
$254.3K
Cap Rate 9%
$197,789
$197.8K
Market Conditions
NOI Build-Up for 2,162 SF
Gross rent
$27.2K $12.60/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$25.4K $11.76/SF
− OpEx
−$7.6K −$3.53/SF
NOI
$17.8K $8.23/SF
Area
Jefferson County, NY
Vacancy
6.65%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,020
Cap Rate 7%
$254,300
Cap Rate 9%
$197,789
Alternative Uses
Best Use
Multifamily LT 5
$254.3K
$222.5K – $296.7K
NOI $17,801 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$227.5K
$199.1K – $265.4K
NOI $15,924 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$596.0K
$521.5K – $695.3K
NOI $41,718 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 13601, NY
37,287
Population
18,653
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
140.8 sq mi
ZIP Area
265
Density / Sq Mi
$57,503
Median Household Income
$37,061
Median Earnings
$974
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has a three-bedroom layout, and major building components have been replaced in recent years.
Where is this duplex located?
The property is located at 140 Seymour St Watertown, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; Roof, hot water heaters, furnaces, siding, and gutters updated within the last 2 years; Built in 1917
