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.
Active
$138,999
689 Leray St, Watertown, NY 13601
4beds
854sqft
Multi Family
Built in 1890
-- sqft lot
$73,500 Zestimate®
$163/sqft
$-- HOA
What's special
- 6 days |
- 169 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
North Star Real Estate & Property Management 315-777-4365,
Joseph Murtha 315-777-4365
Source: NYSAMLSs,MLS#: S1695399
Originating MLS: Jefferson-Lewis Board
Originating MLS: Jefferson-Lewis BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: See Remarks, Water Heater
- Laundry: Washer Hookup
Features
- Flooring: Carpet, Varies, Vinyl
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 854
- Total interior livable area: 854 sqft
Video & virtual tour
Property
Parking
- Parking features: Two or More Spaces
Lot
- Size: 3,820 Square Feet
- Dimensions: 39 x 98
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 22180000100000041360000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shake Siding
Condition
- Resale
- Year built: 1890
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: City/Watertown
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $31,000
- Annual tax amount: $907
- Date on market: 7/22/2026
- Listing terms: Cash,Conventional
Estimated market value
$73,500
$50,000 - $105,000
$1,284/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $138,999+54.4%$163/sqft |
Source:  NYSAMLSs #S1695399 Report a problem | ||
| 4/15/2026 | Sold | $90,000+361.5%$105/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/14/2018 | Listing removed | $650$1/sqft |
Source: Owner Report a problem | ||
| 12/7/2018 | Listed for rent | $650$1/sqft |
Source: Owner Report a problem | ||
| 10/25/2018 | Sold | $19,500-2.5%$23/sqft |
Source: NYSAMLSs #S1144932 Report a problem | ||
| 8/30/2018 | Listed for sale | $20,000$23/sqft |
Source: United Country New York Real Estate & Auctions #S1144932 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $31,000 |
| 2024 | -- | $31,000 |
| 2023 | -- | $31,000 |
| 2022 | -- | $31,000 |
| 2021 | -- | $31,000 |
| 2020 | -- | $31,000 |
| 2019 | -- | $31,000 |
| 2018 | -- | $31,000 |
| 2017 | $900 | $31,000 |
| 2016 | -- | $31,000 |
| 2015 | -- | $31,000 |
| 2014 | -- | $31,000 |
| 2013 | -- | $31,000 |
| 2012 | -- | $31,000 |
| 2011 | -- | $31,000 |
| 2010 | -- | $31,000 |
| 2009 | -- | $31,000 |
| 2008 | -- | $31,000 |
| 2007 | -- | $31,000 +17.4% |
| 2006 | -- | $26,400 +32% |
| 2005 | -- | $20,000 |
| 2004 | -- | $20,000 |
| 2003 | -- | $20,000 |
| 2002 | -- | $20,000 |
| 2001 | -- | $20,000 |
| 2000 | -- | $20,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 13601
Nearby schools
GreatSchools rating
- 3/10North Elementary SchoolGrades: K-4Distance: 0.6 mi
- 4/10Case Middle SchoolGrades: 7-8Distance: 1.8 mi
- 3/10Watertown Senior High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: Watertown
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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