Established 10 Bed Student housing in Cortland, NY. Issued City of Cortland rental permit. Fully furnished and occupied for the 26-27 season with summer rental income included. Gross Income $66275.00 Expenses $23198.00= Net income $43077.00 . Self managed at a 14.8% cap rate. Potential for higher income with increase in rents. Students have easy walkable access to the Suny Cortland and downtown area. Owner has recently install a new lower roof, new furnace, 2 hot water heaters and a combo laundry unit. Investors reach out to listing person directly.
Property Details
Price:
$289,000
MLS #:
S1683352
Status:
Active
Beds:
10
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
cortland110200
Listed Date:
Oct 19, 2026
Finished Sq Ft:
3,385
Total Sq Ft:
3,385
Lot Size:
8,546 sqft / 0.20 acres (approx)
Year Built:
1920
Units:
3
See this Listing
Schools
School District:
Cortland
Elementary School:
Randall
High School:
Cortland Junior-Senior High
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Cooling
Window Units
Fireplaces Total
1
Flooring
Carpet, Ceramic Tile, Laminate, Varies
Heating
Gas, Forced Air
Interior Features
Other, See Remarks
Levels
Two
Exterior
Architectural Style
Triplex
Construction Materials
Shake Siding
Green Energy Efficient
Hvac
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
Paved
Patio And Porch Features
Open, Porch
Roof
Asphalt, Flat, Membrane, Rubber, Shingle
Stories
2
Financial
Taxes
$11,696
Map
Community
- Address26 Lincoln Avenue Cortland NY
- CityCortland
- CountyCortland
- Zip Code13045
Subdivisions in Cortland
Market Summary
Current real estate data for Multi Family in Cortland as of Oct 20, 2026
24
Multi Family Listed
113
Avg DOM
95
Avg $ / SqFt
$329,279
Avg List Price
Property Summary
- 26 Lincoln Avenue Cortland NY is a Multi Family for sale in Cortland, NY, 13045. It is listed for $289,000
Similar Listings Nearby
Courtesy of Realmart Realty LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 26 Lincoln Avenue
Cortland, NY