537 Cross Street, Watertown, NY 13601
MULTI_FAMILY - Watertown, NY
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 8:06 am
Property Features for 537 Cross Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- 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
- Natural Gas, Electric (Heating), Forced Air, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Vinyl, Carpet
- Building materials
- VinylSiding
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.
HighLights
- Duplex at 537 Cross St in Watertown with 1‑bedroom unit plus spacious 2‑bedroom unit
- 1‑bedroom apartment rented for $775/month and 2‑bedroom unit generating $1,000/month
- Long‑term tenants in both units
- Exceptional garage space provided for tenant use
- Unusually large backyard for a city lot
- Utilities include public water; heating includes natural gas and electric options
Overview
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 | $17.4k | $12.60 |
| − Vacancy | −$1.2k | −$0.84 |
| EGI | $16.3k | $11.76 |
| − OpEx | −$4.9k | −$3.53 |
| NOI | $11.4k | $8.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Jefferson
- State
- New York
- Longitude
- -75.923951
- Latitude
- 43.97414
