Two-unit investment property generating $2,200/month rental income with exceptional cash flow—each unit features 2 bed, 1 bath, currently rented at $1,100/mo. Real estate taxes under $1,000/year make this a true cash flow machine. Property needs cosmetic updates (paint, carpet, fixtures—nothing structural), creating opportunity for BRRRR rehab or owner-occupied house hack strategy. Motivated seller seeks quick close. Ideal for investor-operators or military families relocating to Fort Drum seeking immediate positive cash flow with sweat equity upside.
Property Details
Price:
$138,999
MLS #:
S1695399
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
City/Watertown
Neighborhood:
watertowncity221800
Listed Date:
Jul 22, 2026
Finished Sq Ft:
854
Total Sq Ft:
854
Lot Size:
3,822 sqft / 0.09 acres (approx)
Year Built:
1890
Units:
2
See this Listing
Schools
School District:
Watertown
Interior
Appliances
See Remarks, Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Varies, Vinyl
Heating
Gas, Forced Air
Laundry Features
Washer Hookup
Exterior
Construction Materials
Shake Siding
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
Two Or More Spaces
Financial
Taxes
$907
Map
Community
- Address689 Leray Street Watertown City NY
- SubdivisionCity/Watertown
- CityWatertown City
- CountyJefferson
- Zip Code13601
Subdivisions in Watertown City
- 252-258 East Main Street
- Binghams Lands
- Bowers Add
- Camp & Boyds Purchase
- Catherine Cuff Prop
- Ch Spragues Pinnacle Park
- City Park Add
- City/Watertown
- City/Watrtown
- Clinton W Riders Add
- Cowans Rearrangement/Lans
- Cullen Prop
- Evergreen Mobile Home Par
- George A Eueleigh
- George E Eveleighs Barben
- Haley Prop
- Hillcrest Farm
- J D Huntingtons Add
- Lansings Add
- Mary A Lansings Add
- Parkview Add
- Pleasant View Add
- Riders Add
- Smith Farm Sub Map #4
- State Street Add
Market Summary
Current real estate data for Multi Family in Watertown City as of Aug 27, 2026
37
Multi Family Listed
85
Avg DOM
82
Avg $ / SqFt
$222,738
Avg List Price
Property Summary
- Located in the City/Watertown subdivision, 689 Leray Street Watertown City NY is a Multi Family for sale in Watertown City, NY, 13601. It is listed for $138,999
Similar Listings Nearby
Courtesy of North Star Real Estate & Property Management. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 689 Leray Street
Watertown City, NY