Two-Residence Lakefront Multifamily
New
For Sale
$674,900
6689 State Route 90 N, Cayuga, NY 13034
Residential, Cayuga, NY
Property Size2,499 SF
Lot Size1.20 Acres
Price / SF$270.07
Days on Market5
Property Features for 6689 State Route 90 N
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 4
Patio and Porch features
Porch, Deck
Interior features
CeilingFans, CathedralCeilings, SlidingGlassDoors, ProgrammableThermostat
Exterior features
Deck, Dock
Appliances
ElectricWaterHeater, GasWaterHeater
Lot features
Rectangular, Rectangular Lot
View
Water
Elementary school
Cayuga Elementary
High school
Union Springs Middle High
Elementary school district
Union Springs
Middle school district
Union Springs
High school district
Union Springs
Subdivision
Aurelius-052089
Standard status
Active
APN
052089-112-001-0001-008-011-0000
Size
2,499 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Annual Amount
7370
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Water front features
Beach Access, Lake
Water front
1
Amenities
deck
dock
waterfront
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Varies, Tile, Hardwood
Building materials
Block, FiberCement, Concrete, VinylSiding, PexPlumbing
Roof type
Shingle, Metal
Listing Agency:
NORCHAR, LLC
(585) 244-4444
Listed By:
Evan Schaefer · License #10301220657
(585) 337-1764
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 6:06PM
MLS# R1724941
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.
This multifamily property on Cayuga Lake comprises two separate residences on a 1.2-acre parcel. Together, the homes contain 2,499 square feet, six bedrooms, and four full bathrooms. The main residence is a renovated ranch with a new kitchen and bathrooms, vaulted ceilings, oak hardwood floors, and a 650-square-foot Trex deck. The second dwelling was rebuilt and has three bedrooms, two bathrooms, updated plumbing and electrical systems, HVAC, a kitchen, and a private 500-square-foot Trex deck.
The property has 100 feet of lake frontage and an existing 40-foot dock with room for multiple watercraft. Beach access is also listed among the waterfront features. Public water and septic service the property; heating is forced air with natural gas, and cooling is central air. The address is on State Route 90 N in Cayuga, New York.
The property has 100 feet of lake frontage and an existing 40-foot dock with room for multiple watercraft. Beach access is also listed among the waterfront features. Public water and septic service the property; heating is forced air with natural gas, and cooling is central air. The address is on State Route 90 N in Cayuga, New York.
Key Highlights
- Two separate residences totaling 2,499 square feet, 6 bedrooms, and 4 full bathrooms
- 1.2‑acre waterfront parcel with 100 feet of Cayuga Lake frontage
- Existing 40‑foot dock with room for multiple watercraft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,112
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,240
$402.2K
Cap Rate 7%
$287,314
$287.3K
Cap Rate 9%
$223,467
$223.5K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$39.0K $15.60/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$36.6K $14.63/SF
− OpEx
−$16.5K −$6.58/SF
NOI
$20.1K $8.05/SF
Area
Cayuga County, NY
Vacancy
6.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,240
Cap Rate 7%
$287,314
Cap Rate 9%
$223,467
Alternative Uses
Best Use
Apartment 5plus
$287.3K
$251.4K – $335.2K
NOI $20,112 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.8K
$484.6K – $646.1K
NOI $38,768 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 13034, NY
1,836
Population
1,119
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
92%
High-School Grad
24.5 sq mi
ZIP Area
75
Density / Sq Mi
$102,813
Median Household Income
$50,078
Median Earnings
$940
Median Rent
$177,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two dwellings offer distinct living spaces, with a deck serving each residence.
Where is this multifamily property located?
The property is located at 6689 State Route 90 N Cayuga, NY.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two separate residences totaling 2,499 square feet, 6 bedrooms, and 4 full bathrooms; 1.2‑acre waterfront parcel with 100 feet of Cayuga Lake frontage; Existing 40‑foot dock with room for multiple watercraft
