Updated Three-Unit
For Sale
$230,000
522 Cross St, Watertown, NY 13601
Two occupied apartments and a vacant one-bedroom unit support flexible residential income use.
Property Size1,958 SF
Price / SF$117.47
Days on Market91
Property Features for 522 Cross St
General Information
Standard status
Active
Size
1,958 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Keller Williams Northern New York
Listed By:
Noah Taylor · License #10401359495
(315) 778-6473
Source:
Skinnercnyrealty
Added: Jul 18
Changed: Oct 3
Last Checked: Oct 16 at 1:42PM
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 Keller Williams Northern New York
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Investment Insights
Based on property information with market context.
This three-unit residential property includes two occupied two-bedroom apartments and a vacant one-bedroom apartment. The available unit offers flexibility for an owner occupant or future rental use. Recent improvements include a new roof on the main structure, refreshed bathroom flooring, and updated finishes in the back right apartment, including new luxury vinyl flooring and fresh paint. A compact dining area sits beside the kitchen in that unit.
The exterior porches were freshly painted in April of 2026. The property also provides off-street parking on both sides, with a large lot to the left and additional parking on the right. A notably large backyard adds outdoor space, while the structure dates to 1900 and is located in Watertown, NY.
The exterior porches were freshly painted in April of 2026. The property also provides off-street parking on both sides, with a large lot to the left and additional parking on the right. A notably large backyard adds outdoor space, while the structure dates to 1900 and is located in Watertown, NY.
Key Highlights
- Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom apartment
- Two apartments are occupied; the 1‑bedroom unit is vacant
- New roof installed on the main structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,121
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,420
$322.4K
Cap Rate 7%
$230,300
$230.3K
Cap Rate 9%
$179,122
$179.1K
Market Conditions
NOI Build-Up for 1,958 SF
Gross rent
$24.7K $12.60/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$23.0K $11.76/SF
− OpEx
−$6.9K −$3.53/SF
NOI
$16.1K $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%
$322,420
Cap Rate 7%
$230,300
Cap Rate 9%
$179,122
Alternative Uses
Best Use
Multifamily LT 5
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$206.0K
$180.3K – $240.4K
NOI $14,422 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$539.7K
$472.3K – $629.7K
NOI $37,782 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
714
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two occupied apartments and a vacant one-bedroom unit support flexible residential income use.
Where is this triplex located?
The property is located at 522 Cross St Watertown, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom apartments and one 1‑bedroom apartment; Two apartments are occupied; the 1‑bedroom unit is vacant; New roof installed on the main structure
