Two-Unit Duplex with Detached
551 Coffeen Street Watertown, NY 13601
New
551 Coffeen Street, Watertown, NY, 13601
$180,000
For Sale
$180,000
MULTI_FAMILY - Other - Watertown, NY
Property Size1,820 SF
Lot Size0.29 Acres
Price / SF$98.90
Days on Market2
Property Features for 551 Coffeen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 2
- Patio and Porch features
- Porch
- Exterior features
- EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 221800-007-000-0009-102-000-0000
- Size
- 1,820 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2880
Utilities
- Heating system
- Baseboard, Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile, Varies
- Building materials
- VinylSiding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Lake Ontario Realty, LLC
(315) 649-3434
12396 NYS Route 12E, Chaumont, NY
Listed by
Shanae Wiseman · License #10301223974
(315) 649-3434
Added: Jul 16 Checked: Jul 17 at 2:06 pm
MLS# S1697603
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.
This Watertown duplex offers two separate apartments, each with 2 bedrooms and 1 full bathroom. The first-floor unit has been tastefully renovated, providing refreshed interior living space.
The property is located on Coffeen Street with convenient access to shopping, dining, parks, schools, Fort Drum, and everyday amenities.
Additional features include a 25' x 50' detached garage suitable for vehicles, storage, hobbies, or workshop use, along with ample off-street parking and a backyard.
The property is located on Coffeen Street with convenient access to shopping, dining, parks, schools, Fort Drum, and everyday amenities.
Additional features include a 25' x 50' detached garage suitable for vehicles, storage, hobbies, or workshop use, along with ample off-street parking and a backyard.
Key Highlights
- Watertown duplex built in 1880 with public water and natural gas heat
- Detached garage measures 25' x 50' plus ample off‑street parking
- Two apartments, each with 2 bedrooms and 1 full bathroom
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 | $22.9k | $12.60 |
| − Vacancy | −$1.5k | −$0.84 |
| EGI | $21.4k | $11.76 |
| − OpEx | −$6.4k | −$3.53 |
| NOI | $15.0k | $8.23 |
1,820 SF · lease $12.60/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.3K – $249.8K
NOI $14,985 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$191.5K
$167.6K – $223.4K
NOI $13,405 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$501.7K
$439.0K – $585.3K
NOI $35,119 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath apartments, plus a 25-by-50 detached garage and off-street parking.
Where is this duplex located?
The property is located at 551 Coffeen 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: Watertown duplex built in 1880 with public water and natural gas heat; Detached garage measures 25' x 50' plus ample off‑street parking; Two apartments, each with 2 bedrooms and 1 full bathroom
