Maintained Duplex with
For Sale
$234,900
632 Hillcrest Ave, Watertown, NY 13601
Owner-occupant duplex with updated interiors, dedicated outdoor areas, ample parking, and a separate garage.
Property Size1,745 SF
Price / SF$134.61
Days on Market64
Property Features for 632 Hillcrest Ave
General Information
Standard status
Active
Size
1,745 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
Lake Ontario Realty, LLC
Listed By:
Stephanie Eiss · License #10401395919
(315) 771-8464
Source:
Skinnercnyrealty
Added: Aug 12
Changed: Oct 14
Last Checked: Oct 7 at 1:57PM
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 Lake Ontario Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1986, this duplex provides two distinct living spaces with a practical mix of private and shared improvements. The larger unit contains three bedrooms, one bathroom, a generous living room, eat-in kitchen, stackable laundry, multiple flooring finishes, and a stamped concrete patio. The second unit offers one bedroom, one bathroom, a living area, eat-in kitchen, mixed vinyl plank and laminate flooring, and a private patio accessed through a sliding glass door.
The property includes public water, a large driveway and parking area, a spacious backyard, and a separate garage. The duplex and garage occupy two separate land parcels. Located at 632 Hillcrest Ave in Watertown, the property is near restaurants and shopping while situated on a dead-end street.
The property includes public water, a large driveway and parking area, a spacious backyard, and a separate garage. The duplex and garage occupy two separate land parcels. Located at 632 Hillcrest Ave in Watertown, the property is near restaurants and shopping while situated on a dead-end street.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 1‑bedroom floor plans
- Built in 1986 with upgrades to both units
- Separate garage, large driveway, and parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,367
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,340
$287.3K
Cap Rate 7%
$205,243
$205.2K
Cap Rate 9%
$159,633
$159.6K
Market Conditions
NOI Build-Up for 1,745 SF
Gross rent
$22.0K $12.60/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$20.5K $11.76/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$14.4K $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%
$287,340
Cap Rate 7%
$205,243
Cap Rate 9%
$159,633
Alternative Uses
Best Use
Multifamily LT 5
$205.2K
$179.6K – $239.5K
NOI $14,367 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$183.6K
$160.7K – $214.2K
NOI $12,853 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$481.0K
$420.9K – $561.2K
NOI $33,672 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
153
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
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Frequently Asked Questions
What type of property is this?
Duplex - Owner-occupant duplex with updated interiors, dedicated outdoor areas, ample parking, and a separate garage.
Where is this duplex located?
The property is located at 632 Hillcrest Ave Watertown, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 1‑bedroom floor plans; Built in 1986 with upgrades to both units; Separate garage, large driveway, and parking area
