$295,000
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8991 Morris RD. Ext.route 31, Lenox, NY 13032

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6 Beds
0 Baths
6,261 Sq Ft

6-Unit Multifamily Investment Opportunity Offered at $295,000This 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 location, and limited competing inventory, this property presents a rare opportunity to acquire a high-yield multifamily asset with both immediate income and long-term upside.

Listing By: Ryan O'Mara - Hunt Real Estate ERA nycnyis Realty.com
  • MLS# S1699220
  • Date Listed07/16/2026
  • Days on Realty 40 Days
  • Bedrooms 6
  • Bathrooms
  • Lot Size 0.51 acres (22,216 sq. ft)
  • Subdivision Oneida Crk
  • Property Type
  • County Madison
  • Year Built 1930
  • Water Public
  • Square Feet 6,261 sq. ft
  • Price Per Sq. Ft $47.12

Interior Features

  • Appliances Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Flooring Carpet, Laminate, Varies, Vinyl
  • Cooling Ceiling Fan(s)
  • Heating Natural Gas, Baseboard, Hot Water

Exterior / Lot Features

  • Roof Asphalt
  • Lot Size Acres 0.51
  • Lot Size SQFT 22,216.00
  • Lot Features Irregular Lot

Financial Considerations

  • Tax Amount $13,772
  • Terms Cash, Conventional, FHA, VA Loan

Schools near 13032

Explore the local neighborhood highlights and top-rated schools near 13032 in Lenox, NY.

Nearby Schools

Source: School Digger

Peterboro Street Elementary School

Public • PK - 1 • Serves this home

7.62 mi

Distance

Canastota High School

Public • 7 - 12 • Serves this home

7.62 mi

Distance

Roberts Street Middle School

Public • 4 - 6

7.62 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 13032

Discover key demographics, population statistics, and environmental insights for the Lenox, NY area.

Population & Environment

Source: Sperling's Best Places

Walkability in NY / 13032

Source: Walk Score

4/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

34/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 2/100, Transit Score: 0/100, Bike Score: 26/100.

Points of Interest near 8991 Morris Rd. Ext.Route 31, Lenox, NY 13032

Frequently Asked Questions for 8991 Morris Rd. Ext.Route 31

Source: Realty.com

8991 Morris Rd. Ext.Route 31, Lenox, NY 13032 in Oneida Crk, Lenox, NY 13032 is a residential income listed at $295,000. Highlights include 6 bedrooms, 6,261 sq. ft., built in 1930, 0.51 acre lot, $47 per sq. ft.. Realty.com has 23 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 23 photos of 8991 Morris Rd. Ext.Route 31.

Our records indicate that 8991 Morris Rd. Ext.Route 31 was built in 1930.

The full address for this home is 8991 Morris Rd. Ext.Route 31, Lenox, NY 13032.

8991 Morris Rd. Ext.Route 31 has been listed on Realty.com since Thu July 16, 2026

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 2/100, Transit Score: 0/100, Bike Score: 26/100.

There are 3 schools assigned to this home. Check out the schools near 8991 Morris Rd. Ext.Route 31. Peterboro Street Elementary School (Grades: PK - 1), Canastota High School (Grades: 7 - 12), Canastota High (Grades: 9 - 12)

Listing provided courtesy of: Hunt Real Estate Era (tel: 315-363-5533)
Listing agent: Ryan O'mara (tel: 315-243-6488) (#OMARARY)

This content last refreshed on 2026-08-25 20:25:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.