19 Water Street , Cortland, NY 13045

New - 9 Hours Ago
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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.

19 Water Street | MLS# S1679899

This home located at 19 Water Street , Cortland, NY 13045 is currently listed for sale with an asking price of $314,900. This property was built in 1880 and has 9 bedrooms and 3 full baths with 2370 sq. ft. Water Street is located within the Cortland school district. Search Cortland real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Residential -
Basement: Full
Heating: Gas, ForcedAir
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $8,199
Year Built: 1880

Feature Descriptions

Appliances: GasWaterHeater
Exterior: AtticCrawlHatchwaysInsulated, VinylSiding
Flooring: Tile, Varies, Vinyl
Lot: CornerLot, Rectangular, RectangularLot
Lot Dimensions: 57X86
Parcel#: 110200-086-080-0002-044-000-0000
Parking: Gravel, TwoOrMoreSpaces
Parking Notes: Gravel, TwoOrMoreSpaces
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Cortland

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Estimated Payment

$ 1,475.93 per month $700.83 Principal & Interest $683.25 Property Tax $91.85 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: The Real Estate Agency
Agency Phone: 315-604-0718

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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