Renovated Hunting Camp on
28401 Waite Road Lorraine, NY 13659
For Sale
$325,000
LAND - Other - Lorraine, NY
Property Size1,328 SF
Lot Size25.54 Acres
Price / SF$244.73
Days on Market51
Property Features for 28401 Waite Road
General Information
Property type
Land
Property subtype
Other
Parking features
Garage
Vegetation
Wooded
Patio and Porch features
Porch, Deck
Interior features
EatInKitchen, SeparateFormalLivingRoom, PartiallyFurnished, SlidingGlassDoors
Exterior features
Barbecue, Deck, EnclosedPorch, GravelDriveway, Porch, PropaneTankOwned
Fireplace
1
Appliances
Dryer, Refrigerator, Washer
Standard status
Active
APN
226200-115-000-0001-028-230
Size
1,328 SF
Lot size
25.54 Acres
Taxes and HOA fees
Tax Annual Amount
2456
Utilities
Heating system
Wood, Baseboard, Electric (Heating)
Water source
Well
Building Details
Year built
1996
Floors in Building
1
Flooring type
Varies, Hardwood
Building materials
VinylSiding
Roof type
Metal
Architectural style
Other
Additional Structures
Shed(s)
Listing Agency:
Berkshire Hathaway HomeServices CNY Realty Watn
(315) 232-7355
Listed By:
Lory L Cobb · License #40CO0876259
(315) 778-1233
Added: Jun 10
Changed: Jul 12
Last Checked: Jul 30 at 3:06AM
MLS# S1689727
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.
Investment Insights
Based on property information with market context.
Completely renovated 3-bedroom, 1-bath hunting camp on 25.54 acres of wooded land on the Tug Hill Plateau. The interior includes knotty-pine walls and wood ceilings, with a spacious open layout and a large living area featuring a stone-backed wood stove. Heating options include wood stove, electric heat, and a propane stove. Multiple sliding doors and windows provide natural light and outdoor access.
The camp sits privately off the road and is described as trail-side, with groomed snowmobile trail access so you can ride directly from the property. A brook trout stream flows through the land. The property also includes two 12-by-16 outbuildings and a generator house, and power and water are on site. Nearby are Barnes Corners and Montague, with access to restaurants, gas, and convenience stores while the setting remains in a secluded wooded environment.
The camp sits privately off the road and is described as trail-side, with groomed snowmobile trail access so you can ride directly from the property. A brook trout stream flows through the land. The property also includes two 12-by-16 outbuildings and a generator house, and power and water are on site. Nearby are Barnes Corners and Montague, with access to restaurants, gas, and convenience stores while the setting remains in a secluded wooded environment.
Key Highlights
- 26‑acre Tug Hill wooded camp with 3 bedrooms and 1 bathroom, built in 1996
- Multiple heat sources including wood stove/wood heat, electric baseboard/electric heating, and a propane stove
- On‑site utilities include well water and power, plus propane tank owned
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $14.40 |
| − Vacancy | −$1.3k | −$1.01 |
| EGI | $17.8k | $13.39 |
| − OpEx | −$8.0k | −$6.03 |
| NOI | $9.8k | $7.37 |
1,328 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$139.7K
$122.3K – $163.0K
NOI $9,782 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.1K
$320.3K – $427.1K
NOI $25,625 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - Completely renovated 3-bedroom, 1-bath camp on wooded acreage with power and water on site.
Where is this single family property located?
The property is located at 28401 Waite Road Lorraine, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 26‑acre Tug Hill wooded camp with 3 bedrooms and 1 bathroom, built in 1996; Multiple heat sources including wood stove/wood heat, electric baseboard/electric heating, and a propane stove; On‑site utilities include well water and power, plus propane tank owned
