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
- Ball Estate
- Bowers Add
- Camp & Boyd’s Purchase
- Camp & Boyds Purchase
- Catherine Cuff Prop
- Ch Spragues Pinnacle Park
- City Park Add
- City/Watertown
- Cullen Prop
- Eunice D Ball Estate
- Evergreen Mobile Home Par
- George A Eueleigh
- George E Eveleighs Barbeh
- Hillcrest Farm
- Jefferson Land & Improv C
- Kelsey Crk Sub
- Lawrence Hayes Estate
- New Add
- Riders Add
- Shepard Purchase
- Smith Farm Sub
- Smith Farm Sub Map #4
- State Street Add
- Thomas Bighams Prop
- Thompson Gardens
- Brown & Mclaughlins Add
- Clinton W Riders Add
- Haley & Washington
Market Summary
Current real estate data for Multi Family in Watertown City as of Jul 27, 2026
37
Multi Family Listed
78
Avg DOM
85
Avg $ / SqFt
$217,478
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 To schedule a showing of MLS#s1695399 at 689 Leray Street in Watertown City, NY, contact your Concrete Jungle Realty agent at 3472420937.
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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 Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty 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