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Watertown, MN 55388

New Listing

$1,595,000

Prime Watertown Location - Water Tower in Background

1/2 Bath on Left, Stairway to Lower Leve in the Middle

Lower Level Garage Entry Door and Furnace

Utility Sink and Stair Case to Main Level

Property Type: Commercial Bedrooms: 10 Baths: 10 Square Footage: 7,040 Lot Size (sq. ft.): 108,900 Status: Active

Current Price: $1,595,000 List Date: 7/21/2026 Last Modified: 7/21/2026

Overview

Description

Exceptional townhome development opportunity in the growing community of Watertown. This fully platted development consists of 12 individually platted townhome lots (12 separate PIDs) with 5 existing units and approvals for 7 additional units. The existing residences include four 2BR/2BA units and one 3BR/2BA unit, each offering 1,408 finished sq. ft., walkout lower levels, and attached two-car garages. Numerous capital improvements have been completed, including newer windows and entry doors, a roof approximately 9 years old, and many units featuring updated kitchens, HVAC systems, bathroom vanities, and flooring. Tenants pay all utilities, providing an attractive investment opportunity. The remaining 7 lots offer excellent development potential, with the southern three lots accommodating larger 22' x 48' building footprints and the northern four lots designed for expansive 22' x 66' footprints - allowing substantially larger townhomes than the existing units. Utilities are available ... (Read more)

Listing Details MLS# 7113000

General Property Information

Lot Measurement: Acres
Management Company Name: Avalon Real Estate Minnesota - Kris Knox
Multiple PIDs?: Yes
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1989
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3520
Garage Stalls: 10
Management Company Phone: 612-723-9171
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 2.5
Lot Dimensions: 250 x 600 x 300 x 359
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: None Amenities Unit: Ceiling Fan(s); Kitchen Window; Porch; Walk-In Closet; Washer/Dryer Hookup Appliances: Dishwasher; Range; Refrigerator Basement: Concrete Block; Single Tenant Access; Storage Space; Sump Pump; Unfinished CMU Style: Apartments/Multi Family; Low Rise; Single Occupancy Construction Materials: Block; Frame Construction Status: To Be Built/Floor Plan Current Use: Residential Existing Financing: Conventional Exterior: Cedar; Stucco Fencing: None Flooring: Carpet; Engineered Wood; Vinyl/Linoleum Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: DSL; Fiber Optic Loan Terms: Cash; Conventional Lock Box Type: Combo Lot Description: Cleared; Corner Lot; Tree Coverage - Medium; Zero Lot Line On Site Utilities: Electric Separate; Heating Separate Overhead Door Clearance: 0-9 Feet Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; Insurance; Lawn; Lawn; Maintenance/Repair; Roof Maintenance; Snow Removal; Taxes Parking Characteristics: Parking Lot; Tuckunder Garage Rent Rate per Foot: Gross; Per Month Rental License Type: Standard Road Frontage: City Street; County Road; Curbs; Private Road; Storm Sewer; Street Lights Road Responsibility: Private Maintained Road; Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer - In Street; City Sewer/Connected Stories: Three Or More Tenant Pays: All Utilities; Broadband; Cable TV; Electricity; Gas; Heat; Hot Water; Sewer; Trash Collection; Water Topography: Level; Walkout Wall Description: Drywall; Finished; Insulated Water: City Water/Connected Window Features: Blinds; Double Pane Windows; Insulated Windows; Screens

Contract Information

Contingency: None
ListPrice: 1595000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Watertown
County: Carver
State: MN
Zip Code: 55388
Complex/Dev/Subdivision: Sugarbush 2nd Add

Additional Parcels Information

Property ID #2: 854210060
Property ID #3: 854210070,854210080,854210090,854210100,854210110,854210120,854210010,854210020,854210030,854210040,854210130

Assessments

Assessment Installment: 175
Tax With Assessments: 12816
Assessment Balance: 0

More Information

Basement

Foundation Dimensions: 110 x 32
Concrete Block: Yes
Single Tenant Access: Yes
Storage Space: Yes
Sump Pump: Yes
Unfinished: Yes

Building Information

Building Finished SqFt: 7040
Building SqFt: 7040
Ceiling Height: 8-10

Income and Expenses

Annual Gross Expenses: 20000
Annual Gross Income: 84000
Annual Insurance Expense: 4700
Annual Maintenance Expense: 2200
Annual Net Income: 64000
Annual Repair Expense: 600
Total Annual Expenses: 20000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 20 Each Unit
Garage Door Height: 7
Garage Square Feet: 1000
Parking Lot: Yes
Tuckunder Garage: Yes

Public Survey Info

Range#: 25
Section#: 09
Township#: 117

Sale Options

Sale Includes: Building, Fixture/Equipment

Unit 1

Unit Number: Yes
Full Baths: Yes
Half Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Level: Multi-Level
Unit Total SqFt: 1408
Leased?: No

Unit 2

No. of 2 Bedroom Units: 4
Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2027-12-31
Leased?: Yes
Level: Multi-Level
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 2
Unit Total SqFt: 1408

Unit 3

No. of 3 Bedroom Units: Yes
Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2027-12-31
Leased?: Yes
Level: Multi-Level
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 3
Unit Total SqFt: 1408

Unit 4

Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2027-12-31
Leased?: Yes
Level: Multi-Level
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Number: 4
Unit Total SqFt: 1408

Unit 5

Full Baths: Yes
Half Baths: Yes
Lease Expiration Date: 2027-12-31
Leased?: Yes
Level: Multi-Level
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 8
Unit Number: 5
Unit Total SqFt: 1408

Unit Details

Total Units: 5

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: SUBDIVISIONNAME SUGARBUSH 2ND ADDITION LOT 005 BLOCK 001 SUBDIVISIONCD 85421 SECTION 09 TOWNSHIP 117 RANGE 025
Listing City: Watertown
Map Page: 101
Municipality: Watertown
School District: Watertown-Mayer
School District Phone: 952-955-0480
Zip Plus 4: 9631
Property ID Number: 854210050
Tax Year: 2025
Tax Amount: 12641
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Exceptional townhome development opportunity in the growing community of Watertown. This fully platted development consists of 12 individually platted townhome lots (12 separate PIDs) with 5 existing units and approvals for 7 additional units. The existing residences include four 2BR/2BA units and one 3BR/2BA unit, each offering 1,408 finished sq. ft., walkout lower levels, and attached two-car garages. Numerous capital improvements have been completed, including newer windows and entry doors, a roof approximately 9 years old, and many units featuring updated kitchens, HVAC systems, bathroom vanities, and flooring. Tenants pay all utilities, providing an attractive investment opportunity. The remaining 7 lots offer excellent development potential, with the southern three lots accommodating larger 22' x 48' building footprints and the northern four lots designed for expansive 22' x 66' footprints - allowing substantially larger townhomes than the existing units. Utilities are available in the street, reducing future development costs. A rare opportunity to acquire an income-producing asset with significant expansion potential.
Directions: From Watertown go South on Hwy 10. Turn East on Madison St. SE. Turn South on Hunter Drive to property on right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

None: Yes

Amenities Unit

Ceiling Fan(s): Yes
Kitchen Window: Yes
Porch: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Frame: Yes

Construction Status

To Be Built/Floor Plan: Yes

Existing Financing

Conventional: Yes

Exterior

Cedar: Yes
Stucco: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Engineered Wood: Yes
Vinyl/Linoleum: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

DSL: Yes
Fiber Optic: Yes

Lock Box Type

Combo: Yes

Lot Description

Cleared: Yes
Corner Lot: Yes
Tree Coverage - Medium: Yes
Zero Lot Line: Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Roof Maintenance: Yes
Snow Removal: Yes
Taxes: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
County Road: Yes
Curbs: Yes
Private Road: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Private Maintained Road: Yes
Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sewer

City Sewer - In Street: Yes
City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes
Walkout: Yes

Wall Description

Drywall: Yes
Finished: Yes
Insulated: Yes

Water

City Water/Connected: Yes

Window Features

Blinds: Yes
Double Pane Windows: Yes
Insulated Windows: Yes
Screens: Yes

No. of Ranges

Five: Yes

No. of Refrigerators

Five: Yes

Tenant Pays

All Utilities: Yes
Broadband: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes

CMU Style

Apartments/Multi Family: Yes
Low Rise: Yes
Single Occupancy: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Overhead Door Clearance

0-9 Feet: Yes

Rent Rate per Foot

Gross: Yes
Per Month: Yes

Listing Office: Dane Arthur Real Estate Agency

Last Updated: July - 21 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.