Renovated Duplex with 2
For Sale
$330,000
720 Mill St Unit 2, Watertown, NY 13601
Completely renovated duplex offering two 4-bedroom units, updated tiled bathrooms, in-unit laundry, and covered porch access.
Property Size2,567 SF
Price / SF$128.55
Days on Market124
Property Features for 720 Mill St Unit 2
General Information
Standard status
Active
Size
2,567 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1880
Stories
2
Tenancy
Multi
Listing Agency:
Marble Key Realty LLC
Listed By:
Julie Ablan-Woodrow
(315) 783-0191
Source:
Skinnercnyrealty
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 7 at 4:09PM
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 Marble Key Realty LLC
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Investment Insights
Based on property information with market context.
This completely renovated, two-story duplex is set up for turnkey ownership with two separate units. Each unit provides four bedrooms and two updated bathrooms featuring tiled showers, along with a dedicated laundry room. Interior updates include high-end laminate flooring and modern recessed lighting throughout the bright layouts. Kitchens are equipped with brand-new appliances, supporting a true move-in-ready experience. A covered porch adds outdoor comfort, and the property includes a two-stall garage.
The duplex sits on a prime corner lot, giving it a prominent presence. Public-facing walkability and bikeability indicators are provided with a Walk Score of 71 and a Bike Score of 59.
For investors or owner-operators seeking a residential income asset, the property’s two-unit configuration, substantial bedroom count in each unit, and consistent renovation scope across both sides support straightforward management and leasing. The inclusion of dedicated laundry space and updated bathrooms are practical tenant-focused features that can help simplify turnover and maintenance planning.
The duplex sits on a prime corner lot, giving it a prominent presence. Public-facing walkability and bikeability indicators are provided with a Walk Score of 71 and a Bike Score of 59.
For investors or owner-operators seeking a residential income asset, the property’s two-unit configuration, substantial bedroom count in each unit, and consistent renovation scope across both sides support straightforward management and leasing. The inclusion of dedicated laundry space and updated bathrooms are practical tenant-focused features that can help simplify turnover and maintenance planning.
Key Highlights
- Completely renovated 2‑story duplex built in 1880 on a corner lot
- Two units total: each features 4 bedrooms and 2 updated bathrooms with tiled showers
- Sleek kitchens in both units equipped with brand‑new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,135
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,700
$422.7K
Cap Rate 7%
$301,929
$301.9K
Cap Rate 9%
$234,833
$234.8K
Market Conditions
NOI Build-Up for 2,567 SF
Gross rent
$32.3K $12.60/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$30.2K $11.76/SF
− OpEx
−$9.1K −$3.53/SF
NOI
$21.1K $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%
$422,700
Cap Rate 7%
$301,929
Cap Rate 9%
$234,833
Alternative Uses
Best Use
Multifamily LT 5
$301.9K
$264.2K – $352.3K
NOI $21,135 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$270.1K
$236.3K – $315.1K
NOI $18,907 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
345
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 - Completely renovated duplex offering two 4-bedroom units, updated tiled bathrooms, in-unit laundry, and covered porch access.
Where is this duplex located?
The property is located at 720 Mill St Unit 2 Watertown, NY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Completely renovated 2‑story duplex built in 1880 on a corner lot; Two units total: each features 4 bedrooms and 2 updated bathrooms with tiled showers; Sleek kitchens in both units equipped with brand‑new appliances
