BEDS9
BATHS3 full
SQUARE FEET2,370
MLS#S1679899
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCortland
Property Description
This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $8,199
Year Built: 1880
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 9
Exterior: Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
Flooring: Tile, Varies, Vinyl
Lot: Corner Lot, Rectangular, Rectangular Lot
Lot Dimensions: 57X86
Parcel#: 110200-086-080-0002-044-000-0000
Parking: Gravel, Two or More Spaces
Parking Notes: Gravel, Two or More Spaces
Sewer: Connected
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Cortland
Listed By / Shown By
Listing By
Agency Name: The Real Estate Agency
Agency Phone: 315-604-0718
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimate Your Payment
Estimated Payment
$ 1,475.93 per month $700.83 Principal & Interest $683.25 Property Tax $91.85 Homeowner's Insurance
19 Water Street | MLS# S1679899
This multi-family property located at 19 Water Street, Cortland, NY 13045 is currently listed for sale with an asking price of $314,900. Water Street is located within the Cortland school district. Search Cortland real estate on www.mjpeterson.com today.