Waterfront Short-Term Rental
554 State Route 49, Cleveland, NY 13042
For Sale
$450,000
Three residential buildings include a four-bedroom main home and two one-bedroom guest houses beside Oneida Lake.
Property Size3,890 SF
Lot Size2.11 Acres
Price / SF$115.68
Days on Market159
Property Features for 554 State Route 49
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private dock
Propane Tank - Leased
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Move Real Estate
(315) 925-4288
Listed By:
Thomas Tarry JR · License #10491210949
(315) 430-4894
Source:
Gentryrealtyproperties
Added: Jun 4
Changed: Nov 9
Last Checked: Nov 8 at 1:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Move Real Estate
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Investment Insights
Based on property information with market context.
Set on 2.11 acres along Oneida Lake, this property comprises three separate residential buildings with a combined 3,890 square feet. The main residence has four bedrooms and 2.5 bathrooms; each of the two guest houses contains one bedroom and one full bathroom. The main home was built in 1845. Zoning is RES, Residential 2 Unit.
The property has 87 feet of waterfront access and a private dock on Oneida Lake. Its three-residence configuration supports a range of residential arrangements, including short-term rental use, as well as accommodation for extended family or guests. The property is located at 554 State Route 49 in Cleveland, New York.
The property has 87 feet of waterfront access and a private dock on Oneida Lake. Its three-residence configuration supports a range of residential arrangements, including short-term rental use, as well as accommodation for extended family or guests. The property is located at 554 State Route 49 in Cleveland, New York.
Key Highlights
- Three separate residential buildings totaling 3,890 square feet
- 2.11 acres along Oneida Lake with 87 feet of waterfront access
- Main residence has 4 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,842
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,840
$596.8K
Cap Rate 7%
$426,314
$426.3K
Cap Rate 9%
$331,578
$331.6K
Market Conditions
NOI Build-Up for 3,890 SF
Gross rent
$57.4K $14.76/SF
− Vacancy
−$3.2K −$0.81/SF
EGI
$54.3K $13.95/SF
− OpEx
−$24.4K −$6.28/SF
NOI
$29.8K $7.67/SF
Area
Oswego County, NY
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,840
Cap Rate 7%
$426,314
Cap Rate 9%
$331,578
Alternative Uses
Best Use
Apartment 5plus
$426.3K
$373.0K – $497.4K
NOI $29,842 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$775.9K
$678.9K – $905.2K
NOI $54,313 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 13042, NY
2,447
Population
948
Households
2.6
Avg Household Size
44
Median Age
31%
College-Educated
91%
High-School Grad
34.3 sq mi
ZIP Area
71
Density / Sq Mi
$102,031
Median Household Income
$52,610
Median Earnings
$1,272
Median Rent
$131,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - Three residential buildings include a four-bedroom main home and two one-bedroom guest houses beside Oneida Lake.
Where is this short term rental property located?
The property is located at 554 State Route 49 Cleveland, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three separate residential buildings totaling 3,890 square feet; 2.11 acres along Oneida Lake with 87 feet of waterfront access; Main residence has 4 bedrooms and 2.5 bathrooms
