19 Water Street, Cortland, NY 13045

Cortland
Local realty services provided by:Team VP Real Estate
19 Water Street,Cortland, NY 13045
$314,900
Virtual Tour
  • 9 Beds
  • 3 Baths
  • 2,370 sq. ft.
  • Multi-family
  • Active
Listed by: matthew chalanick
Office: the real estate agency
MLS#:S1679899
Source:NY_GENRIS

Price summary

  • Price:$314,900
  • Price per sq. ft.:$132.87

About this home

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.

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Home facts

  • Year built:1880
  • Listing ID #:S1679899
  • Added:55 day(s) ago
  • Updated:July 01, 2026 at 03:11 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Tile, Varies, Vinyl
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,370 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1880
  • Building area:2,370 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Corner Lot, Rectangular
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories

Utilities

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

Finances and disclosures

  • Price:$314,900
  • Price per sq. ft.:$132.87
  • Tax amount:$8,199

Parking

  • Parking description:Gravel Driveway

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