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.
Property Details
Price:
$314,900
MLS #:
S1679899
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
cortland110200
Listed Date:
May 7, 2026
Finished Sq Ft:
2,370
Total Sq Ft:
2,370
Lot Size:
4,942 sqft / 0.11 acres (approx)
Year Built:
1880
Units:
2
See this Listing
Schools
School District:
Cortland
Interior
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Tile, Varies, Vinyl
Heating
Gas, Forced Air
Levels
Two
Exterior
Construction Materials
Attic Crawl Hatchways Insulated, Vinyl Siding
Lot Features
Corner Lot, Rectangular, Rectangular Lot
Parking Features
Gravel, Two Or More Spaces
Stories
2
Financial
Taxes
$8,199
Map
Community
- Address19 Water Street Cortland NY
- CityCortland
- CountyCortland
- Zip Code13045
Subdivisions in Cortland
- City/Cortland
- City/New York
- Clemente Toffolo Lands
- Cortland
- Floyd J Bentley
- Gary Strout & Sandra Stro
- Gazlay
- Harrison G Grant Estate
- Jennifer A Buggs
- Joseph A Rita V Armideo
- Joseph Desisto Lands
- Keator Bloc
- Kennedy Parkway
- Lands/Edward Barhite 3 &
- Map/Proposed Sub
- Mary Alice Lehrfeld
- Military
- Palmer
- Reilly
- Richard W Mitchell
- Thomas Newkirk Lands
- Thos Oconnell Lands
- Timothy Gostovic
- Town/Cortlandville
- Unit #312
- Unit #9
Market Summary
Current real estate data for Multi Family in Cortland as of Oct 29, 2026
24
Multi Family Listed
128
Avg DOM
95
Avg $ / SqFt
$329,279
Avg List Price
Property Summary
- 19 Water Street Cortland NY is a Multi Family for sale in Cortland, NY, 13045. It is listed for $314,900 To schedule a showing of MLS#s1679899 at 19 Water Street in Cortland, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of The Real Estate Agency. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 19 Water Street
Cortland, NY