Two-Unit
For Sale
$135,000
711 Leray Street, Watertown, NY 13601
Each apartment has its own kitchen, living area, bedrooms, and bathroom.
Property Size1,485 SF
Price / SF$90.91
Days on Market29
Property Features for 711 Leray Street
General Information
Standard status
Active
Size
1,485 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Buildings
1
Listing Agency:
Bridgeview Real Estate
Listed By:
Gloria Peluso · License #PELUSOGL
(315) 783-5468
Source:
716realtygroup
Added: Oct 4
Changed: Oct 25
Last Checked: Nov 1 at 2:59AM
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 Bridgeview Real Estate
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Investment Insights
Based on property information with market context.
This 1,485-square-foot duplex contains two separate apartments. Each has a kitchen, living area, bedrooms, and bathroom. The property was built in 1890 and is being sold as is. The lot measures over 15,000 square feet and includes a large backyard.
The property is on Leray Street in Watertown, near shopping, restaurants, schools, and local amenities.
The property is on Leray Street in Watertown, near shopping, restaurants, schools, and local amenities.
Key Highlights
- Two apartments, each with a kitchen, living area, bedrooms, and bathroom
- 1,485 square feet of property size
- Lot of over 15000 sq ft with a large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,227
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,540
$244.5K
Cap Rate 7%
$174,671
$174.7K
Cap Rate 9%
$135,856
$135.9K
Market Conditions
NOI Build-Up for 1,485 SF
Gross rent
$18.7K $12.60/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$17.5K $11.76/SF
− OpEx
−$5.2K −$3.53/SF
NOI
$12.2K $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%
$244,540
Cap Rate 7%
$174,671
Cap Rate 9%
$135,856
Alternative Uses
Best Use
Multifamily LT 5
$174.7K
$152.8K – $203.8K
NOI $12,227 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$156.3K
$136.7K – $182.3K
NOI $10,938 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 21.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own kitchen, living area, bedrooms, and bathroom.
Where is this duplex located?
The property is located at 711 Leray Street Watertown, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two apartments, each with a kitchen, living area, bedrooms, and bathroom; 1,485 square feet of property size; Lot of over 15000 sq ft with a large backyard
