** 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.
Listing by Happily Ever After Realty CorpLicense #10311210536Listed on: 03/20/2026
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,438
Year Built
Built in 1890
Lot Details
5,000 Sq Ft Lot
Lot Dimensions are 50x100
Corner Lot
Rectangular Lot
Parking
Gravel Driveway
Home Design
Duplex
Stone Foundation
Frame Construction
Cedar
Interior Spaces
1,918 Sq Ft Home
2-Story Property
Ceiling Fan
Basement Fills Entire Space Under The House
Washer Hookup
Flooring
Wood
Carpet
Vinyl
Bedrooms and Bathrooms
5 Bedrooms
2 Full Bathrooms
Location
Property is near public transit
Schools
Watertown Senior High School
Utilities
Forced Air Heating System
Heating System Uses Gas
Electric Water Heater
High Speed Internet
Cable TV Available
Listing and Financial Details
Tax Lot 316
Assessor Parcel Number 221800-003-000-0007-316-000-0000
Community Details
Overview
2 Units
Cowens Rearrangment/Lansi Subdivision
Building Details
2 Separate Gas Meters
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,438
Year Built
Built in 1890
Lot Details
5,000 Sq Ft Lot
Listing Details
Property Sub Type: Duplex
Property Type: Residential
Year Built: 1890
ResoLaundryFeatures: Washer Hookup
Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Road Frontage Type: City Street, Main Thoroughfare
Subdivision Name: Cowens Rearrangment/Lansi
Directions: From downtown Watertown, head toward Mill Street and continue straight until you reach 734 Mill Street. The house will be on your right. For easier access, please note that there is additional parking available on the Stuart Street.
Architectural Style: Duplex
Flooring: Carpet, Hardwood, Varies, Vinyl
Interior Features: Ceiling Fan(s)
Unit Levels: Two
Year Built Details: Existing
Financial Info Electric: Circuit Breakers
Property Sub Type Additional: Duplex
Special Features: VirtualTour
Interior Features
Appliances: Electric Water Heater
Basement: Full
Basement YN: Yes
Full Bathrooms: 2
Total Bedrooms: 5
Stories: 2
Stories: 2
Exterior Features
Acres: 0.1148
Waterfront: No
Construction Type: Cedar, Frame
Foundation Details: Stone
Garage/Parking
Parking Features: Gravel, Two or More Spaces, Unpaved
Utilities
Heating: Gas, Forced Air
HeatingYN: Yes
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Water Source: Connected, Public
Condo/Co-op/Association
Senior Community: No
Schools
Junior High Dist: Watertown
Ninth Grade High School: Watertown Senior High
Lot Info
Parcel Number: 221800-003-000-0007-316-000-0000
Lot Dimensions: 50X100
Lot Size Sq Ft: 5000.0
ResoLotSizeUnits: Acres
Zoning Description: Residential 2 Unit
Rental Info
Tenant Pays: All Utilities
Multi Family
Number Of Units In Community: 2
Number Of Units Total: 2
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tax Info
Tax Annual Amount: 3438.0
Tax Lot: 316
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
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Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
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