Duplex
140 E Main St · Watertown, NY
Flood risk 1/10 · Minimal
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 2/10 · Minimal
- Hot days now (above 91°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- 0.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +5.6/10.0
- Rent growth +5.0/5.0
- Livability +3.4/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$158,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
This proprety has been a consitent producer since 2022. Presently two units are rented with applications on the third. Apartment 1 is rented for $1025. Apartment 2 & 3 are rented for $825 a month. The onwer has updated all three apartments with Apartment #1 getting a full face lift in 2022. All three apartments are metered seperately for gas and electricity. Tenants pay their own utilities. The property is located near the square for easy access to restraunts and shopping as well as public transportation. This property has a ton of potential and can be relied on for consistent income.
Key facts
- Three apartments
- Near the square
- Separately metered
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/?-bath units multifamily listed at $159k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $519/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $159k).
- Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
- Cap rate 14.1% vs local median 6.1% in Watertown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#540 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A-, housing A-; Watch: amenities C-, crime F, commute F.
- Watertown City School District (urban): math 34% / reading 54% proficiency, ranked #481 of 590 in NY (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: North Elementary School (math 32% / reading 62%, grade D-, #1,195 of 2,108 statewide, top 60%, 455 students, 71% FRL); Case Middle School (math 17% / reading 41%, grade F, #566 of 729 statewide, top 78%, 626 students, 70% FRL); Watertown Senior High School (math 89% / reading 92%, grade A+, #231 of 1,100 statewide, top 21%, 1,083 students, 65% FRL) — zoned schools average 69% FRL vs 49% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising fast (+10.0%/yr); 333 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 139d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 196 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
- Jefferson County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 8.0% rent growth), your $44k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 183 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 5y ago; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $114k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 183 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.61% ✓
- Cap rate
- 14.12%
- Cash-on-cash
- 27.97%
- DSCR
- 2.24
- GRM
- 5.2
CMA / ARV
- ARV (median comp)
- $253,790
- List price
- $158,900
- Delta
- -37.39%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 10 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 659 Bronson St | 0.44mi | 4/2.5 | 1,752 (-12%) | 3mo | $80,000 | $46 | 56 |
| 810 Boyd St | 0.70mi | 5/2.0 (+1) | 1,934 (-2%) | 4mo | $179,900 | $93 | 51 |
| 203 Mechanic St | 0.29mi | 4/2.0 | 1,718 (-13%) | 12mo | $120,000 | $70 | 50 |
| 424 Prospect St | 0.68mi | 4/2.0 | 1,914 (-3%) | 12mo | $130,000 | $68 | 49 |
| 119 State Pl | 0.49mi | 4/2.0 | 1,848 (-7%) | 19mo | $38,500 | $21 | 46 |
| 502 Academy St | 0.61mi | 4/2.5 | 2,112 (+7%) | 19mo | $180,000 | $85 | 42 |
| 119 Stuart St | 0.40mi | 4/2.0 | 1,710 (-14%) | 18mo | $28,000 | $16 | 40 |
| 411 Prospect St | 0.66mi | 5/2.0 (+1) | 1,719 (-13%) | 4mo | $112,500 | $65 | 35 |
| 512 Hamlin St | 0.70mi | 5/2.5 (+1) | 2,220 (+12%) | 6mo | $236,000 | $106 | 35 |
| 836 Leray St | 0.62mi | 4/2.0 | 1,782 (-10%) | 22mo | $154,000 | $86 | 32 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 8.0% rent growth · sell at horizon
- IRR
- 27.4%
- Equity multiple
- 2.21×
- Total profit
- $53,833
- Equity at exit
- $23,693
- IRR
- 37.7%
- Equity multiple
- 5.35×
- Total profit
- $193,533
- Equity at exit
- $13,739
Cash invested: $44,492 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 15 Strongly Tenant-Friendly
- State New York
- 15 Strongly Tenant-Friendly · D+10
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 10 active · 7 under contract
- Months of supply
- 10.0 mo (10%/mo absorbed)
- Median asking
- $181,900 ($98/sqft)
- Median days on market
- 55 d
- This list price
- 20% of active listings are priced below it
- ARV vs active asking
- +30.6% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 13601
- Home prices YoY
- -5.6%
- Rents YoY
- 10.0%
- Active inventory
- 333
- Price-to-rent
- 10.3×
Monthly cashflow live
- Estimated rent
- $2,566 high interval (Pro) →
- Mortgage (P&I)
- −$833
- Tax from tax record
- −$91 /mo · $1,087/yr
- Insurance
- −$66
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$539
- Net cashflow
- $1,037
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | — | $2,566 |
| #1 | 2 | — | $1,283 |
| #2 | 2 | — | $1,283 |
| Total (2 units) | $2,566 | ||
Break-even live
Sensitivity live
| Price | -10% $1,127 | -5% $1,082 | +0% $1,037 | +5% $992 | +10% $947 |
|---|---|---|---|---|---|
| Rent | -10% $834 | -5% $936 | +0% $1,037 | +5% $1,138 | +10% $1,240 |
| Rate | -1.0pp $1,117 | -0.5pp $1,077 | base $1,037 | +0.5pp $996 | +1.0pp $954 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $39,725
- Closing costs
- $4,767
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 142 E Main St Unit A Watertown, NY | 1.0 | 1.0 | — | $825 | — | 139d | 1 | 0.01mi |
| 227 W Main St Watertown, NY | 3.0 | 1.0 | 4500 | $850 | $0.19 | 5d | 1 | 0.22mi |
| 634 Lansing St Watertown, NY | 3.0 | 1.0 | 1200 | $1,300 | $1.08 | 4d | 1 | 0.23mi |
| 523 Jefferson St Watertown, NY | 3.0 | 1.5 | 1440 | $1,600 | $1.11 | 5d | 1 | 0.23mi |
| 611 Cooper St Watertown, NY | 3.0 | 1.0 | 1190 | $1,495 | $1.26 | 139d | 1 | 0.24mi |
| 138 Saint Mary St Watertown, NY | 3.0 | 1.5 | 1116 | $1,500 | $1.34 | 1d | 1 | 0.24mi |
| 214 Saint Mary St Watertown, NY | 3.0 | 1.5 | — | $1,650 | — | 1d | 1 | 0.27mi |
| 311 High St Watertown, NY | 2.0 | 1.0 | 851 | $1,200 | $1.41 | 139d | 1 | 0.27mi |
| 682 Huntington St Apt 2 Watertown, NY | 2.0 | 1.0 | 900 | $900 | $1.00 | 5d | 1 | 0.35mi |
| 351 W Main St Watertown, NY | 1.0 | 1.0 | 1000 | $995 | $0.99 | 139d | 1 | 0.36mi |
| 152 Court St Unit 5 Watertown, NY | 1.0 | 1.0 | 850 | $1,375 | $1.62 | 139d | 1 | 0.39mi |
| 152 Court St Unit 1 Watertown, NY | 1.0 | 1.0 | 20880 | $1,300 | $0.06 | 139d | 1 | 0.39mi |
| 152 Court St Unit 1 Watertown, NY | 1.0 | 1.0 | 1100 | $1,650 | $1.50 | 5d | 1 | 0.39mi |
| 377 W Main St Unit 1 Watertown, NY | 3.0 | 1.0 | 1991 | $1,350 | $0.68 | 139d | 1 | 0.41mi |
| 123 State Pl Watertown, NY | 3.0 | 1.5 | 1500 | $1,750 | $1.17 | 139d | 1 | 0.47mi |
| 702 Leray St Watertown, NY | 3.0 | 1.0 | 2700 | $1,300 | $0.48 | 139d | 1 | 0.52mi |
| 328 Clay St Unit 3 Watertown, NY | 3.0 | 2.0 | 1500 | $1,650 | $1.10 | 139d | 1 | 0.56mi |
| 334 Clay St Watertown, NY | 1.0 | 1.0 | — | $1,071 | — | 139d | 1 | 0.57mi |
| 334 Clay St Unit 4 Watertown, NY | 1.0 | 1.0 | 700 | $1,070 | $1.53 | 139d | 1 | 0.57mi |
| 400 Coffeen St Unit 3 Watertown, NY | 2.0 | 1.0 | — | $1,350 | — | 139d | 1 | 0.57mi |
| 409 Franklin St Unit 2 Watertown, NY | 2.0 | 1.0 | — | $850 | — | 139d | 1 | 0.59mi |
| 426 Coffeen St Unit 2 Watertown, NY | 2.0 | 1.0 | 1120 | $1,950 | $1.74 | 5d | 1 | 0.61mi |
| 417 Franklin St Watertown, NY | 3.0 | 2.5 | 3000 | $1,750 | $0.58 | 139d | 1 | 0.61mi |
| 415 Franklin St Watertown, NY | 3.0 | 2.5 | 3000 | $1,600 | $0.53 | 1d | 1 | 0.61mi |
| 621 Academy St Watertown, NY | 3.0 | 2.0 | 1652 | $1,600 | $0.97 | 139d | 1 | 0.61mi |
| 836 Leray St Watertown, NY | 2.0 | 1.0 | 1782 | $1,200 | $0.67 | 139d | 1 | 0.64mi |
| 911 State St Unit 3 Watertown, NY | 3.0 | 1.0 | 1200 | $995 | $0.83 | 139d | 1 | 0.68mi |
| 911 State St Watertown, NY | 3.0 | 1.0 | 12136 | $1,100 | $0.09 | 139d | 1 | 0.68mi |
| 913 State St Unit 3 Watertown, NY | 3.0 | 1.0 | 1200 | $895 | $0.75 | 5d | 1 | 0.69mi |
| 816 Boyd St Unit 1 Watertown, NY | 2.0 | 1.0 | 980 | $1,500 | $1.53 | 139d | 1 | 0.70mi |
| 927 State St Watertown, NY | 2.0 | 1.0 | 900 | $925 | $1.03 | 5d | 1 | 0.70mi |
| 213 Clinton St Watertown, NY | 2.0 | 1.0 | 1200 | $1,200 | $1.00 | 5d | 1 | 0.72mi |
| 159 Mullin St Unit 2 Watertown, NY | 2.0 | 1.0 | 900 | $1,200 | $1.33 | 139d | 1 | 0.72mi |
| 1029 Gill St Watertown, NY | 3.0 | 1.0 | 1275 | $1,950 | $1.53 | 139d | 1 | 0.73mi |
| 136 N Meadow St Unit A Watertown, NY | 2.0 | 1.0 | 1000 | $995 | $0.99 | 139d | 1 | 0.73mi |
| 124 Haven St Watertown, NY | 3.0 | 2.0 | 948 | $1,550 | $1.64 | 1d | 1 | 0.75mi |
| 136 S Orchard St Unit 1 Watertown, NY | 2.0 | 1.0 | — | $1,150 | — | 5d | 1 | 0.78mi |
| 402 Stone St Apt 1 Watertown, NY | 2.0 | 1.0 | 900 | $1,050 | $1.17 | 5d | 1 | 0.79mi |
| 720 Cadwell St Watertown, NY | 2.0 | 1.5 | 1300 | $995 | $0.77 | 139d | 1 | 0.85mi |
| 314 S Pleasant St Watertown, NY | 3.0 | 2.5 | 1748 | $2,050 | $1.17 | 4d | 1 | 0.92mi |
Listing history 50 events
-
2026-09-18days on market $158,900 Active 183 DOM
-
2026-09-17days on market $158,900 Active 182 DOM
-
2026-09-16days on market $158,900 Active 181 DOM
-
2026-09-15days on market $158,900 Active 180 DOM
-
2026-09-14days on market $158,900 Active 179 DOM
-
2026-09-13days on market $158,900 Active 178 DOM
-
2026-09-12days on market $158,900 Active 177 DOM
-
2026-09-11days on market $158,900 Active 176 DOM
-
2026-09-05days on market $158,900 Active 170 DOM
-
2026-09-04days on market $158,900 Active 169 DOM
-
2026-09-03days on market $158,900 Active 168 DOM
-
2026-09-02days on market $158,900 Active 167 DOM
-
2026-08-30days on market $158,900 Active 164 DOM
-
2026-08-29days on market $158,900 Active 163 DOM
-
2026-08-28days on market $158,900 Active 162 DOM
-
2026-08-27days on market $158,900 Active 161 DOM
-
2026-08-26days on market $158,900 Active 160 DOM
-
2026-08-25days on market $158,900 Active 159 DOM
-
2026-08-24days on market $158,900 Active 158 DOM
-
2026-08-23days on market $158,900 Active 157 DOM
-
2026-08-22days on market $158,900 Active 156 DOM
-
2026-08-21days on market $158,900 Active 155 DOM
-
2026-08-20days on market $158,900 Active 154 DOM
-
2026-08-19days on market $158,900 Active 153 DOM
-
2026-08-18days on market $158,900 Active 152 DOM
-
2026-08-17days on market $158,900 Active 151 DOM
-
2026-08-16days on market $158,900 Active 150 DOM
-
2026-08-15days on market $158,900 Active 149 DOM
-
2026-08-14days on market $158,900 Active 148 DOM
-
2026-08-13days on market $158,900 Active 147 DOM
-
2026-08-12days on market $158,900 Active 146 DOM
-
2026-08-11days on market $158,900 Active 145 DOM
-
2026-08-10days on market $158,900 Active 144 DOM
-
2026-08-09days on market $158,900 Active 143 DOM
-
2026-08-08days on market $158,900 Active 142 DOM
-
2026-08-07days on market $158,900 Active 141 DOM
-
2026-08-06days on market $158,900 Active 140 DOM
-
2026-08-05days on market $158,900 Active 139 DOM
-
2026-08-04days on market $158,900 Active 138 DOM
-
2026-08-03days on market $158,900 Active 137 DOM
-
2026-07-31days on market $158,900 Active 134 DOM
-
2026-07-30days on market $158,900 Active 133 DOM
-
2026-07-29days on market $158,900 Active 132 DOM
-
2026-07-27days on market $158,900 Active 130 DOM
-
2026-07-25days on market $158,900 Active 128 DOM
-
2026-07-23days on market $158,900 Active 126 DOM
-
2026-07-22days on market $158,900 Active 125 DOM
-
2026-07-21days on market $158,900 Active 124 DOM
-
2026-07-18days on market $158,900 Active 121 DOM
-
2026-07-16days on market $158,900 Active 119 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast NY · Partial reset (capped growth)
- Current annual tax
- $1,087 · $91/mo
- Projected year-2 tax
- $1,886 · $157/mo
- Expected delta
- +$799/yr (+$67/mo · 73.5%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 2/10 Low 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
- Wind 1/10 Low 0% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $30,792
- − Mortgage interest
- −$8,901
- − Property taxes
- −$1,087
- − Insurance
- −$794
- − Repairs & maintenance
- −$2,463
- − Management
- −$2,463
- − Depreciation
- −$4,623
- Taxable income
- $10,460
- Est. tax owed @ 24.0%
- −$2,510
- After-tax cash flow
- $9,934/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 2 photos
This multi-family property requires significant exterior and interior updates to improve its condition and appeal. Repainting the exterior, trimming the landscaping, and reconditioning the fencing are the highest-ROI updates that would increase its resale and rental value.
Repairs flagged
- Major roof — Signs of damage and potential leaks.
- Major siding — Areas of the siding appear loose or damaged.
- Major landscaping — The landscaping is overgrown and needs trimming.
- Major fencing — Sections of the fencing appear broken or missing.
- Major exterior paint — The exterior paint is peeling and needs repainting.
- Minor interior paint — The interior paint appears to be in average condition, with no major issues visible.
- Minor flooring — The flooring appears to be in average condition, with no major issues visible.
- Minor kitchen appliances — No major issues with the kitchen appliances visible.
- Minor bathroom fixtures — No major issues with the bathroom fixtures visible.
- Minor HVAC system — No major issues with the HVAC system visible.
- Minor mechanical systems — No major issues with the mechanical systems visible.
- Minor foundation — No major issues with the foundation visible.
- Minor structure — No major issues with the structure visible.
Value-add opportunities
- Both Repainting the exterior — Fresh paint can significantly improve the curb appeal and resale value. ↑
- Both Trimming the landscaping — A well-maintained yard can enhance the property's appeal and increase its rental value. ↑
- Both Reconditioning the fencing — A functional and attractive fence can improve the property's curb appeal and rental value. ↑
- Both Re-roofing the property — A new roof can address potential leaks and improve the property's overall condition, enhancing both resale and rental value. ↑
- Both Updating the HVAC system — A modern and efficient HVAC system can improve comfort and energy efficiency, enhancing both resale and rental value. ↑
- Both Updating the kitchen appliances — Modern appliances can improve the kitchen's functionality and appeal, enhancing both resale and rental value. ↑
- Both Updating the bathroom fixtures — Modern fixtures can improve the bathroom's functionality and appeal, enhancing both resale and rental value. ↑
- Both Updating the flooring — Modern flooring can improve the property's overall condition and appeal, enhancing both resale and rental value. ↑
- Both Updating the interior paint — Fresh paint can improve the property's overall condition and appeal, enhancing both resale and rental value. ↑
- Both Updating the mechanical systems — Modern and efficient mechanical systems can improve the property's overall condition and energy efficiency, enhancing both resale and rental value. ↑
- Both Updating the foundation and structure — A modern and structurally sound foundation and structure can improve the property's overall condition and energy efficiency, enhancing both resale and rental value. ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Watertown City School District
- NCES district ID
- 3630120
- Math proficiency
- 34% ▼ -10.00%
- Reading proficiency
- 54% ▲ 12.00%
- Median HH income
- $40,919
- Composite
- 36.86/100
- National rank
- #4551
- State rank
- #481 of 590 in NY
Livability — Watertown
- Score
- 68/100
- State rank
- #540
- US rank
- #9700
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Watertown, NY
- County
- Jefferson County · 111,748 people
- City population
- 36,839
- Metro
- Watertown-Fort Drum, NY
- Population (ZIP)
- 36,839
- Household income
- $58,791
- Rent vs Own
- Severe rent burden
- 12% of renters
Population outlook (Jefferson County) Hauer SSP2
- Today (2025)
- 111,748 people
- By 2030
- 109,370 · -2.1%
- By 2040
- 103,828 · -7.1%
- By 2050
- 98,523 · -11.8%
- By 2075
- 91,422 · -18.2%
- By 2100
- 78,214 · -30.0%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (82%)
- Race & ethnicity
- White 82% Two or more races 7% Hispanic / Latino 6% Black 4% Asian 2%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 2%
- Common ancestry
- Lithuanian 7% Romanian 3% Slovak 2%
- Foreign-born
- 4% · Canada
- Languages at home
- 94% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%
Political lean MEDSL · Jefferson
- 2024 margin
- Strong R (+23.6) · D 38.2% · R 61.8%
- 2008→2024 swing
- -18.3pp toward R · 2008: -5.3pp · 2024: -23.6pp
- All cycles
- 2024: R+23.6 2020: R+19.0 2016: R+22.4 2012: R+2.9 2008: R+5.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -18.86%
- Current HPI
- 316.636
- Rent YoY
- ▲ 9.96%
- Metro
- Watertown-Fort Drum, NY
- State GDP YoY
- ▲ 2.60%
- F500 in state
- 92
Industry mix (Fortune 500 HQ in NY)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 10 | $950B |
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| Consumer Goods | 9 | $162B |
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| Insurance | 4 | $225B |
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| Telecommunications | 2 | $144B |
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| Pharmaceuticals | 2 | $112B |
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| Media / Entertainment | 2 | $69B |
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Price history
+32.4% since first listed21 events — show timeline
- 2026-04-13 Price Changed $158,900 CNYIS
- 2026-04-10 Price Changed $164,900 CNYIS
- 2026-03-19 Listed $172,900 CNYIS
- 2026-02-28 Listing Removed — CNYIS
- 2026-01-13 Price Changed $173,000 CNYIS
- 2025-08-29 Listed $179,900 CNYIS
- 2024-07-14 Listing Removed — CNYIS
- 2024-07-09 Listing Removed — CNYIS
- 2024-06-17 Price Changed $189,000 CNYIS
- 2024-06-06 Price Changed $197,000 CNYIS
- 2024-04-27 Price Changed $199,000 CNYIS
- 2024-04-12 Listed $209,000 CNYIS
- 2024-04-03 Rental Removed $900 NYSAMLS
- 2024-03-03 Price Changed $900 NYSAMLS
- 2024-02-19 Price Changed $1,050 NYSAMLS
- 2024-01-24 Listed for Rent $1,200 NYSAMLS
- 2022-04-06 Sold (Public Records) $114,000 Public Records
- 2022-03-14 Sold (MLS) $114,000 CNYIS
- 2022-01-29 Pending — CNYIS
- 2021-09-10 Contingent — CNYIS
- 2021-09-09 Listed $120,000 CNYIS
Property tax history
+18.2%/yrLatest (2025): $1,087 · +2.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…