Two-Home Waterfront Multifamily
2600 & 2602 Kennedy Lane, Canastota, NY 13032
For Sale
New
$574,900
Residential, Canastota, NY
Property Size2,480 SF
Lot Size0.94 Acres
Price / SF$231.81
Days on Market2
Property Features for 2600 & 2602 Kennedy Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Patio and Porch features
Interior features
Exterior features
Fencing
Fireplace
Appliances
Lot features
View
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Water front features
Water front
Amenities
in-ground pool
front porch
barbecue
campfire pit
raised garden beds
fruit trees
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Coldwell Banker Faith Properties · Coldwell Banker Real Estate
(315) 735-2222
Listed By:
Tara VanCauwenberge · License NY #10401355358
(315) 868-9394
Added: Nov 10
Last Checked: Nov 11 at 6:06AM
MLS# S1728233
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.
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Investment Insights
Based on property information with market context.
Set on 0.94 acres along Oneida Lake, this multifamily property includes two separate homes with a combined 2,480 square feet. The lakeside residence has three bedrooms and two bathrooms and has been remodeled. A second, chalet-style home includes a first-floor bedroom and loft sleeping space. An in-ground pool, porch, patio, and shed used as a private office add to the site’s features. Parking and storage include a two-stall garage and two double carports.
The property has 50 feet of shoreline, with beach access. Woods border the grounds, which also include raised garden beds and fruit trees. Sylvan Beach is a short drive away, and Syracuse is approximately 30 minutes away.
The property has 50 feet of shoreline, with beach access. Woods border the grounds, which also include raised garden beds and fruit trees. Sylvan Beach is a short drive away, and Syracuse is approximately 30 minutes away.
Key Highlights
- Two separate homes totaling 2,480 square feet on 0.94 acres
- 50 feet of Oneida Lake shoreline with beach access
- Lakeside home with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,028
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,560
$400.6K
Cap Rate 7%
$286,114
$286.1K
Cap Rate 9%
$222,533
$222.5K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$39.6K $15.96/SF
− Vacancy
−$3.2K −$1.28/SF
EGI
$36.4K $14.68/SF
− OpEx
−$16.4K −$6.61/SF
NOI
$20.0K $8.08/SF
Area
Madison County, NY
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,560
Cap Rate 7%
$286,114
Cap Rate 9%
$222,533
Alternative Uses
Best Use
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$832.9K
$728.8K – $971.7K
NOI $58,303 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 13032, NY
12,336
Population
6,217
Households
2
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
82.5 sq mi
ZIP Area
150
Density / Sq Mi
$74,217
Median Household Income
$39,904
Median Earnings
$920
Median Rent
$148,900
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Madison County, NY
Properties on Market for Multifamily properties in Madison County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share a lakefront setting with an in-ground pool, garage, and separate carports.
Where is this multifamily property located?
The property is located at 2600 & 2602 Kennedy Lane Canastota, NY.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Two separate homes totaling 2,480 square feet on 0.94 acres; 50 feet of Oneida Lake shoreline with beach access; Lakeside home with 3 bedrooms and 2 bathrooms
