Map of Property

Homer Village Income Property

35 Clinton St, Homer, NY 13077

  • For Sale $275,000
  • Property Type Multi-Family
  • Property Size 2,700 SF
  • Units 3
  • Lot Size 0.09 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1880
  • Date Updated Jun 20, 2025
Located in a desirable, walkable location near schools and downtown amenitiesRare investment opportunity in the Village of Homer! This fully rented, 3-unit multifamily delivers strong income with a 10.6% cap rate at list price and 11.7% net-effective after buyer credit. With a total rent roll of $3,345/month, this property is a turnkey income generator from day one. Located in a desirable, walkable location near schools and downtown amenities, the property features a classic brick exterior, separate utilities, and a partially finished basement. Offered at $275,000 with a $25,000 buyer credit for roof replacement, bringing your net-effective price to $250,000. Can be sold individually or as a package deal with 16 South Ave and 24–26 South Ave in Cortland—unlock even greater portfolio value!
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Highlights

  • Buyer credit of $25,000 for new roof
  • Excellent cash flow investment or 1031 exchange candidate
  • Fully rented 3-unit multifamily in Homer
  • NOI: $29,212 ¦ Cap Rate: 10.6% (11.7% net-effective)
  • Option to bundle with 16 South Ave and 24–26 South Ave (Cortland)
  • Prime village location – walk to schools, shops & restaurants
  • Rent Roll: $3,345/month ¦ $40,140/year
  • Separate utilities, off-street parking, attached garage

Contacts

broker
Virginia Squire, CCIM

Yaman Commercial

Location

Getting Around

  • Walk Score ®

    37/100 Car-Dependent

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Homer, NY
  • Zip Code 13077

Points of Interest

  • Sunoco

    0.65 miles

  • Byrne Dairy Homer

    0.68 miles

  • Mobil

    2.50 miles

  • Tesla Supercharger

    2.55 miles

  • Speedway

    3.03 miles

  • Citgo

    3.51 miles

  • Kwik Fill

    4.27 miles

  • Hoxie Gorge Road Parking

    8.37 miles

  • Quality Inn

    2.24 miles

  • Clarion Inn & Suites

    2.27 miles

  • Red Roof Inn

    2.52 miles

  • Hampton Inn Cortland

    2.55 miles

  • Econo Lodge

    2.79 miles

  • Imperial Motel

    3.00 miles

  • Glass Tower

    3.19 miles

  • Shey Hall

    3.23 miles

  • Alger Hall

    3.27 miles

  • Dragon Hall

    3.34 miles

  • Coffee Mania

    0.41 miles

  • Little Italy Pizzeria

    0.85 miles

  • Bob's Barbecue

    1.48 miles

  • Perkins

    2.28 miles

  • La Bamba Cuisine

    2.38 miles

  • Subway

    2.40 miles

  • Arby's

    2.40 miles

  • Friendly's

    2.41 miles

  • Wendy's

    2.44 miles

  • McDonald's

    2.44 miles

  • Homer Junior High School

    0.18 miles

  • Homer Elementary School

    0.39 miles

  • Homer High School

    0.84 miles

  • OCM BOCES Cortland

    2.12 miles

  • Saint Mary's Parochial School

    2.53 miles

  • Parker Elementary School

    2.64 miles

  • Old Main

    2.94 miles

  • Cornish-Van Hoesen Hall

    3.09 miles

  • Seven Valleys New Tech Academy

    3.12 miles

  • Cortland Alternative School

    3.15 miles

Frequently Asked Questions

How much does Homer Village Income Property cost?

The space currently listed for sale at Homer Village Income Property asks for $275,000.

What is the total square footage of Homer Village Income Property?

Homer Village Income Property totals 2,700 square feet.

When was this property built?

Homer Village Income Property was built in 1880.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Virginia Squire, CCIM

Yaman Commercial

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