About This Home

This 6-bedroom, 3-bathroom residential multi family at 2 South Avenue in Cortland, NY is listed for $169,900 ($49 per sqft). Built in 1964, the home offers 3,456 sqft of living space on a 0.05 acres lot.

Key Features

  • Built in 1964
  • 0.05 acre lot
  • 2 stories

Property Details

2 stories
3 full
1964

Amenities

Hardwood
Listing Description

INVESTOR ALERT - 3-UNIT INCOME OPPORTUNITY IN CORTLAND! Bring your investment vision to this 3-unit property with immediate rental income and significant upside potential. The front 1-bedroom apartment is currently rented for $800/month plus utilities, while the rear 1-bedroom and spacious upstairs 4-bedroom apartment are available for a new owner to lease, providing an opportunity to increase rental income up to $36,000 per year or more.

The front 1-bedroom unit features a kitchen, living room and bath and currently rents for $800/month plus utilities. The rear 1-bedroom unit offers a kitchen, living room and bath. The upstairs 4-bedroom unit includes a kitchen, living room and bath. Separate utilities allow tenants to pay their own utility costs.

BONUS - ADDITIONAL LOT INCLUDED! The adjoining 37' x 75' lot conveys with the property, providing valuable additional space for parking, play area, gardening or other permitted uses including maybe a tiny home to generate more income. Don't miss this opportunity to add a 3-unit property to your portfolio with room to grow the income.

See it, run your numbers and make your offer! If you've been looking for an investment property with both current income and future rental upside, schedule your showing now - don't wait until the offer deadline!

Monthly Cost Estimate

$909/mo

20% down · 6.5% · 30 years

Principal$123
Interest$736
Insurance$50

Estimates only. Actual payments may vary.

Location

2 South Avenue

Cortland, NY 13045

Property Details

Flooring

VinylHardwoodLaminateVaries

Construction

VinylSiding

Outdoor Features

Porch

Parking

Paved or SurfacedOn Street

Heating

Forced AirNatural Gas

Appliances

GasWaterHeater

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 2 South Avenue is listed at $169,900 ($49/sqft). The estimated monthly payment is $909 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.05 acre lot, 2 stories.

This property is listed by Loueen Rosenbush.

LR

Loueen Rosenbush

License 10401292773

Agent at Berkshire Hathaway HomeServices CNY Realty

Listed by Berkshire Hathaway HomeServices CNY Realty · Broker phone: (315) 218-1480 · View on Broker Site · Broker website

MLS# S1715608· Source: New York State Alliance of MLSs, LLC· 42 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2 South Avenue, Cortland, NY 13045

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