** Prime Investment Opportunity with Assumable Loan Under 3% — Side-by-Side Duplex, Watertown NY
Unlock exceptional value with this side-by-side duplex situated on a corner lot in the City of Watertown. Whether you’re an investor or an owner-occupant looking to build long-term equity, this property offers rare potential — including an assumable loan with an interest rate under 3%, a tremendous advantage in today’s market.
One unit features 3 bedrooms and 1 bath, while the second offers 2 bedrooms and 1 bath, giving you flexible rental or resale options. The roof is approximately 4 years old (per owner), providing a solid foundation for future improvements.
The property is being sold as-is, where-is. The furnaces are not functional, and the water line may have been damaged during winter (condition unknown). For the right buyer, this is an opportunity to add value and significantly increase returns.
Once refreshed, this duplex is poised to shine—whether as a lucrative flip or a steady, high-performing rental.
You’ll also love the location:
• Straight drive to Fort Drum
• Minutes from Samaritan Medical Center
• Close to two elementary schools
• Quick access to highway entrance/exit
With its strategic location, strong rental demand, and the rare benefit of an assumable sub-3% loan, this property stands out as one of the most compelling investment opportunities in Watertown.
Unlock exceptional value with this side-by-side duplex situated on a corner lot in the City of Watertown. Whether you’re an investor or an owner-occupant looking to build long-term equity, this property offers rare potential — including an assumable loan with an interest rate under 3%, a tremendous advantage in today’s market.
One unit features 3 bedrooms and 1 bath, while the second offers 2 bedrooms and 1 bath, giving you flexible rental or resale options. The roof is approximately 4 years old (per owner), providing a solid foundation for future improvements.
The property is being sold as-is, where-is. The furnaces are not functional, and the water line may have been damaged during winter (condition unknown). For the right buyer, this is an opportunity to add value and significantly increase returns.
Once refreshed, this duplex is poised to shine—whether as a lucrative flip or a steady, high-performing rental.
You’ll also love the location:
• Straight drive to Fort Drum
• Minutes from Samaritan Medical Center
• Close to two elementary schools
• Quick access to highway entrance/exit
With its strategic location, strong rental demand, and the rare benefit of an assumable sub-3% loan, this property stands out as one of the most compelling investment opportunities in Watertown.
Property Details
Price:
$90,000
MLS #:
S1667818
Status:
ActiveUnderContract
Beds:
5
Baths:
2
Type:
Single Family
Subtype:
Duplex
Subdivision:
Cowens Rearrangment/Lansi
Neighborhood:
watertowncity221800
Listed Date:
Mar 20, 2026
Finished Sq Ft:
1,918
Total Sq Ft:
1,918
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1890
See this Listing
Schools
School District:
Watertown
High School:
Watertown Senior High
Interior
Appliances
Electric Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Carpet, Hardwood, Varies, Vinyl
Heating
Gas, Forced Air
Interior Features
Ceiling Fans
Laundry Features
Washer Hookup
Levels
Two
Exterior
Architectural Style
Duplex
Construction Materials
Cedar, Frame
Lot Features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
Gravel, Two Or More Spaces, Unpaved
Roof
Asphalt
Stories
2
Financial
Taxes
$3,438
Map
Community
- Address Watertown City NY
- SubdivisionCowens Rearrangment/Lansi
- 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 Single Family in Watertown City as of Jul 23, 2026
165
Single Family Listed
93
Avg DOM
124
Avg $ / SqFt
$206,462
Avg List Price
Property Summary
- Located in the Cowens Rearrangment/Lansi subdivision, Watertown City NY is a Single Family for sale in Watertown City, NY, 13601. It is listed for $90,000 and features 5 beds, 2 baths, and has approximately 1,918 square feet of living space, and was originally constructed in 1890. The current price per square foot is $47. The average price per square foot for Single Family listings in Watertown City is $124. The average listing price for Single Family in Watertown City is $206,462.
Similar Listings Nearby
Courtesy of Happily Ever After Realty Corp. 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. Watertown City, NY

