8991 Morris Rd. Ext.route 31, Canastota, NY 13032

Canastota
Local realty services provided by:HUNT Real Estate ERA
8991 Morris Rd. Ext.route 31,Canastota, NY 13032
$295,000
Virtual Tour
  • 6 Beds
  • - Baths
  • 6,261 sq. ft.
  • Multi-family
  • Active
Listed by:
Office: hunt real estate era
MLS#:S1699220
Source:NY_GENRIS

Price summary

  • Price:$295,000
  • Price per sq. ft.:$47.12

About this home

6-Unit Multifamily Investment Opportunity – Offered at $295,000 This six-unit multifamily property offers an excellent value-add investment in one of Central New York's strongest rental markets. Conveniently located near Oneida Lake, Sylvan Beach, Turning Stone Resort Casino, multiple marinas, and the New York State Thruway, the property benefits from strong year-round rental demand. The 6,250± square-foot building includes one two-bedroom apartment and five oversized one-bedroom units, each with spacious living areas and full kitchens. Approximately 90% rebuilt in 1991, the property also features ample off-street parking and a large yard. At current market rents of $1,000–$1,250 per month, projected gross annual income is approximately $81,000, with an estimated Net Operating Income (NOI) of $47,200. At the $295,000 asking price, the property offers a projected 16% cap rate, providing exceptional cash flow potential. With room for continued rent growth, a desirable...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Listing ID #:S1699220
  • Added:4 day(s) ago
  • Updated:July 21, 2026 at 03:01 PM

Rooms and interior

  • Bedrooms:6
  • Flooring:Carpet, Laminate, Varies, Vinyl
  • Kitchen Description:Refrigerator
  • Basement:Yes
  • Basement Description:Crawl Space, Full, Sump Pump
  • Living area:6,261 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas, Hot Water

Structure and exterior

  • Roof:Asphalt
  • Year built:1930
  • Building area:6,261 sq. ft.
  • Lot area:0.51 Acres
  • Lot Features:Irregular Lot
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories

Schools

  • High school:Canastota High
  • Middle school:Roberts Street Middle

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$295,000
  • Price per sq. ft.:$47.12
  • Tax amount:$13,772

Features and amenities

  • Appliances:Refrigerator

Parking

  • Parking description:No Garage

New listings near 8991 Morris Rd. Ext.route 31