About This Home

This 7-bedroom, 2-bathroom residential multi family at 308 Mullin Street in Watertown, NY is listed for $188,000 ($70 per sqft). Built in 1900, the home offers 2,682 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1900
  • 0.10 acre lot
  • 2 stories

Property Details

2 stories
2 full
1900
Listing Description

Excellent investment opportunity in the heart of Watertown! This well-maintained two-family property offers strong income potential and flexible occupancy options. The first floor features a spacious 3-bedroom, 1-bath unit currently rented for $1,000 per month including utilities.

The tenant is a friend of the owner and remains on a month-to-month basis, with rent well below current market value, providing immediate upside for an investor. The second-floor unit offers 4 bedrooms and 1 bath and was previously rented for $1,900 per month through the Jefferson-Lewis Opportunities program, demonstrating excellent rental demand and strong income history.

Each unit is served by separate electric meters, making utility management straightforward for future owners. This property has been owner-occupied, contributing to its overall care and condition. Both units include their own side porch for private outdoor space, along with a small, low-maintenance backyard.

Off-street parking is available on the right side of the home. Conveniently located near shopping, restaurants, schools, parks, and Fort Drum, this property is ideally situated to attract long-term tenants. Whether you're expanding your investment portfolio or seeking a multi-family home with exceptional earning potential, this is one you won't want to miss.

Monthly Cost Estimate

$1,005/mo

20% down · 6.5% · 30 years

Principal$136
Interest$815
Insurance$55

Estimates only. Actual payments may vary.

Location

308 Mullin Street

Watertown, NY 13601

Property Details

Flooring

VinylCarpetVaries

Construction

VinylSiding

Heating

Natural GasForced Air

Appliances

GasWaterHeater

Questions & Answers

This 7-bedroom, 2-bathroom residential multi family at 308 Mullin Street is listed at $188,000 ($70/sqft). The estimated monthly payment is $1,006 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.10 acre lot, 2 stories.

This property is listed by Beth Miller.

BM

Beth Miller

License 10301221617

Agent at Lake Ontario Realty LLC

Listed by Lake Ontario Realty LLC · Broker phone: (315) 649-3434 · View on Broker Site · Broker website

MLS# S1702007· Source: New York State Alliance of MLSs, LLC· 94 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

308 Mullin Street, Watertown, NY 13601

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