52 Prospect, Cortland, NY 13045

Cortland
Local realty services provided by:Team VP Real Estate
52 Prospect,Cortland, NY 13045
$1,795,000
Virtual Tour
  • 31 Beds
  • 8 Baths
  • 10,336 sq. ft.
  • Multi-family
  • Active
Listed by: jason hage
Office: hage real estate
MLS#:S1691033
Source:NY_GENRIS

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$173.66

About this home

Welcome to 52 Prospect Terrace, a rare investment opportunity located directly across the street from SUNY Cortland. This high-density student housing asset consists of four rental units totaling 31 bedrooms and 8 bathrooms, offering exceptional income-producing potential in one of the area's most desirable student housing locations. The property features four spacious units configured as follows: one 5-bedroom, 2-bath unit; one 8-bedroom, 2-bath unit; one 10-bedroom, 3-bath unit; and one 8-bedroom, 2-bath unit. The group leasing structure has proven highly effective, supporting strong occupancy and consistent rental demand year after year. Positioned just a 30-second walk from campus, students enjoy unparalleled convenience, making this one of the premier off-campus housing options available. Its unmatched location directly adjacent to SUNY Cortland has contributed to a long and successful operating history with reliable rental income and steady tenant demand. The asset offers...

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Home facts

  • Year built:1930
  • Subdivision & Development:Palmer
  • Listing ID #:S1691033
  • Added:50 day(s) ago
  • Updated:August 11, 2026 at 02:55 PM

Rooms and interior

  • Bedrooms:31
  • Total bathrooms:8
  • Full bathrooms:8
  • Flooring:Hardwood, Varies
  • Basement:Yes
  • Basement Description:Full
  • Living area:10,336 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Gas

Structure and exterior

  • Year built:1930
  • Building area:10,336 sq. ft.
  • Lot area:0.49 Acres
  • Lot Features:Rectangular
  • Architectural Style:Fourplex
  • Construction Materials:Vinyl Siding
  • Levels:4 Stories

Utilities

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

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$173.66
  • Tax amount:$28,200

Features and amenities

  • Laundry features:Electric Water Heater
  • Amenities:Furnished

Parking

  • Parking description:Garage, Parking Available
  • Garage:Yes
  • Garage spaces:2

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