Back to Search
Waterfront Estate with Three Homes

554 State Route 49 Constantia, NY 13042

554 State Route 49, Constantia, NY, 13042
$509,900
For Sale
$509,900

Three residential buildings on 2.11 acres with 87 feet of waterfront and a private dock on Oneida Lake.

Property Size3,890 SF
Lot Size2.11 Acres
Price / SF$131.08
Days on Market56

Property Features for 554 State Route 49

General Information

Standard status
Active
Size
3,890 SF
Lot size
2.11 Acres
Property subtype
General Commercial

Building Details

Year Built
1845
Listing agency
Listed by Move Real Estate
Source Xome
Added: May 27 Updated: Jul 20 at 6:43PM Checked: Jul 21 at 3:09AM

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


Investment Insights

Based on property information with market context.

This waterfront estate offers three separate residential buildings on 2.11 acres along the shores of Oneida Lake. The main residence features 4 bedrooms and 2.5 bathrooms, with space suited to year-round living or accommodating larger groups. Two additional guest houses provide 1 bedroom and 1 full bathroom each, creating separate accommodations for visitors, extended family, or short-term rental guests.

The property includes direct access to Oneida Lake with 87 feet of waterfront access and a private dock. The grounds are positioned for privacy and outdoor recreation, with opportunities tied to boating, fishing, and kayaking.

Overall, the combination of multiple residences, acreage, and waterfront access supports flexible use, including vacation rental or multi-generational living arrangements, while retaining income-producing possibilities described for the property.

Key Highlights

  • Waterfront estate on 2.11 acres along Oneida Lake with 87 feet of waterfront access and a private dock
  • Three separate residential buildings for flexible living or guest accommodations
  • Main residence offers 4 bedrooms and 2.5 bathrooms

Local 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 $57.4k $14.76
− Vacancy −$3.2k −$0.81
EGI $54.3k $13.95
− OpEx −$24.4k −$6.28
NOI $29.8k $7.67
3,890 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$426.3K
$373.0K – $497.4K (±1% cap)
NOI $29,842 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$775.9K
$678.9K – $905.2K (±1% cap)
NOI $54,313 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Building Supply Auto Repair Shop Plumbing Service Storage Facility Big Box & Wholesale Store Cafe & Coffee Shop Travel Agency Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Short term rental property - Three residential buildings on 2.11 acres with 87 feet of waterfront and a private dock on Oneida Lake.
Where is this short term rental property located?
The property is located at 554 State Route 49 Constantia, NY.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Waterfront estate on 2.11 acres along Oneida Lake with 87 feet of waterfront access and a private dock; Three separate residential buildings for flexible living or guest accommodations; Main residence offers 4 bedrooms and 2.5 bathrooms
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message