Lakefront Two-Residence Multifamily
6689 State Route 90 North, Aurelius, NY 13034
For Sale
$674,900
Two independent homes offer separate living areas and potential for rental use.
Property Size2,499 SF
Lot Size1.20 Acres
Days on Market19
Property Features for 6689 State Route 90 North
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Trex deck
dock
Building Details
Building Size
Year Built
Listing Agency:
NORCHAR, LLC
Listed By:
Evan Schaefer · License NY #10301220657
(585) 337-1764
Source:
Griffith-realty
Added: Oct 26
Changed: Nov 9
Last Checked: Nov 12 at 4:45PM
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 NORCHAR, LLC
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Investment Insights
Based on property information with market context.
Set on 1.2 acres along Cayuga Lake, the property includes two residences with a combined six bedrooms and four full bathrooms. The 1940-built main home has three bedrooms, two bathrooms, more than 1,500 square feet, and a renovated kitchen and bathrooms. Vaulted ceilings, oak hardwood floors, and a 650-square-foot Trex deck are among its features. The separate accessory dwelling unit provides about 1,000 square feet, with three bedrooms, two bathrooms, updated plumbing, electrical, HVAC, kitchen, and bathrooms, plus a private 500-square-foot Trex deck.
The property has 100 feet of east-side lake frontage, usable shoreline, and an existing 40-foot dock with space for multiple watercraft. A nearby marina offers access for larger boats. Located in the Town of Aurelius, the two homes provide distinct living spaces that may be occupied separately or together; the source also identifies rental use as a possibility.
The property has 100 feet of east-side lake frontage, usable shoreline, and an existing 40-foot dock with space for multiple watercraft. A nearby marina offers access for larger boats. Located in the Town of Aurelius, the two homes provide distinct living spaces that may be occupied separately or together; the source also identifies rental use as a possibility.
Key Highlights
- Two residences with a combined 6 bedrooms and 4 full bathrooms
- 1.2 acres with 100 feet of east‑side Cayuga Lake frontage
- Main residence: 3 bedrooms, 2 bathrooms, and over 1,500 square feet
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
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
$177,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Cayuga County, NY
Properties on Market for Multifamily properties in Cayuga County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two independent homes offer separate living areas and potential for rental use.
Where is this multifamily property located?
The property is located at 6689 State Route 90 North Aurelius, 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 residences with a combined 6 bedrooms and 4 full bathrooms; 1.2 acres with 100 feet of east‑side Cayuga Lake frontage; Main residence: 3 bedrooms, 2 bathrooms, and over 1,500 square feet
