Map of Property

Duplex Near SUNY

16 South Ave, Cortland, NY 13045

  • For Sale $135,000
  • Property Type Multi-Family
  • Property Size 1,940 SF
  • Units 2
  • Lot Size 31.7 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1890
  • Date Updated Jun 20, 2025
Prime location: Near SUNY Cortland, downtown amenities, and I‑81 accessHigh-yield duplex offering immediate return in Cotland’s student corridor! This 1,940 SF, two-unit property includes a 2 BR flat and 3 BR flat—both fully leased with tenant-paid utilities. With a 13.3% cap rate at the $135,000 asking price, this asset is perfect for investors seeking strong cash flow. Priced well below replacement cost, it offers upside from rent adjustment in the 3 BR flat. Shared parking, low operating costs, and proximity to SUNY Cortland, downtown, and I‑81 make this an ideal buy-and-hold opportunity. Can be sold individually or as a package with 24-26 South Ave and 35 Clinton St. For more information, call Heriberto "Eddy" Pezzino, Lic. RE Salesperson at (607) 372-3214.
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Highlights

  • 1,940?SF on a 0.178-acre lot
  • Can be purchased individually or as a package with 24-26 South Ave, Cortland & 35 Clinton St, Homer
  • Fully leased with monthly rent of $2,095 ($25,140/year)
  • NOI: $17,921; Cap Rate: 13.3%
  • Prime location: Near SUNY Cortland, downtown amenities, and I-81 access
  • Separate gas & electric (tenant-paid); landlord covers water/sewer
  • Shared driveway parking included
  • Upside: Rent lift potential in 3-BR unit could increase income to $27K+

Contacts

broker
Virginia Squire, CCIM

Yaman Commercial

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cortland, NY
  • Zip Code 13045

Points of Interest

  • Citgo

    0.46 miles

  • Sunoco

    0.48 miles

  • Speedway

    0.68 miles

  • Tesla Supercharger

    1.19 miles

  • Mobil

    1.27 miles

  • Kwik Fill

    1.42 miles

  • Byrne Dairy Homer

    2.91 miles

  • Hoxie Gorge Road Parking

    6.09 miles

  • Finger Lakes Trail - Van Donsel Road Trailhead

    6.77 miles

  • Finger Lakes Trail - Babcock Hollow Road Trailhead

    8.15 miles

  • Trail parking

    9.53 miles

  • Dryden Rail Trail

    9.89 miles

  • Dryden rail trail parking

    9.96 miles

  • Imperial Motel

    0.45 miles

  • Casey Tower

    0.56 miles

  • Dragon Hall

    0.58 miles

  • Shey Hall

    0.60 miles

  • Alger Hall

    0.62 miles

  • Glass Tower

    0.63 miles

  • Econo Lodge

    0.65 miles

  • Red Roof Inn

    1.38 miles

  • Hampton Inn Cortland

    1.39 miles

  • Clarion Inn & Suites

    1.44 miles

  • Rock Sports Bar

    0.36 miles

  • D.P. Dough

    0.37 miles

  • Cortland Diner

    0.38 miles

  • Gorgers

    0.44 miles

  • BRIX Pubaria

    0.52 miles

  • Wild Ginger

    0.54 miles

  • Neubig Hall

    0.63 miles

  • Asian Delicious

    0.64 miles

  • Pontillo's Pizzeria

    0.78 miles

  • Fat Jacks

    0.93 miles

  • Randall Elementary School

    0.39 miles

  • Cortland Jr. Sr. High School

    0.46 miles

  • Higgins Hall

    0.57 miles

  • Old Main

    0.61 miles

  • Cornish-Van Hoesen Hall

    0.61 miles

  • State University of New York College at Cortland

    0.67 miles

  • Parker Elementary School

    0.86 miles

  • Saint Mary's Parochial School

    0.89 miles

  • Cortland Alternative School

    1.24 miles

  • Seven Valleys New Tech Academy

    1.25 miles

Frequently Asked Questions

How much does Duplex Near SUNY cost?

The space currently listed for sale at Duplex Near SUNY asks for $135,000.

What is the total square footage of Duplex Near SUNY?

Duplex Near SUNY totals 1,940 square feet.

When was this property built?

Duplex Near SUNY was built in 1890.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Virginia Squire, CCIM

Yaman Commercial

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