14-Unit Apartment
For Sale
$2,750,000
112 Groton Avenue, Cortland, NY 13045
MULTI_FAMILY - Cortland, NY
Property Size11,520 SF
Lot Size1.16 Acres
Price / SF$238.72
Days on Market87
Property Features for 112 Groton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
42
Rooms
Bedroom 21, Bedroom 40, Bedroom 20, Bedroom 38, Bedroom 31, Bedroom 2, Bedroom 36, Bedroom 12, Bedroom 27, Basement, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 26, Bedroom 35, Bedroom 23, Bedroom 3, Bedroom 15, Bedroom 33, Bedroom 14, Bedroom 11, Bedroom 39, Bedroom 19, Bedroom 1, Bedroom 24, Bedroom 28, Bedroom 25, Bedroom 6, Bedroom 9, Bedroom 10, Bedroom 17, Bedroom 34, Bedroom 30, Bedroom 22, Bedroom 42, Bedroom 37, Bedroom 8, Bedroom 13, Bedroom 41, Bedroom 29, Bedroom 32, Bedroom 16, Bedroom 18
Parking features
Driveway, Garage
Patio and Porch features
Porch, Deck
Interior features
CeilingFans, Storage
Exterior features
BlacktopDriveway, Deck
Appliances
ExhaustFan, ElectricOven, ElectricRange, GasWaterHeater, Microwave, Refrigerator, RangeHood
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Cortland
Middle school district
Cortland
High school district
Cortland
Directions
From I-81, Clinton Ave to Groton Ave, property is on your right.
Subdivision
Cortland-110200
Standard status
Active
APN
110200-086-049-0004-050-000-0000
Size
11,520 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Annual Amount
46182
Utilities
Heating system
Hot Water(Heating), Natural Gas, Radiant
Water source
Public
Amenities
common laundry
Building Details
Year built
2009
Floors in Building
2
Number of units
14
Flooring type
Carpet, Vinyl, Tile, Varies
Building materials
Frame, VinylSiding
Roof type
Asphalt, Shingle
Additional Structures
Storage
Listing Agency:
Berkshire Hathaway HomeServices Heritage Realty
(607) 428-0708
Listed By:
Dana Decker · License #10491206226
(607) 423-4719
Added: Jun 1
Changed: Aug 4
Last Checked: Aug 26 at 4:06PM
MLS# S1686697
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.
Investment Insights
Based on property information with market context.
112 Groton Avenue in Cortland, NY is a well-maintained, professionally managed 14-unit investment property with 42 bedrooms and potential to expand to 44 bedrooms. The centerpiece is a 10-unit building constructed in 2009, featuring ten spacious three-bedroom apartments with large living rooms, eat-in kitchens with dining areas, and full bathrooms with double-sink vanities, plus built-in closet shelving systems.
Two additional structures complement the property, built between 2014 and 2015. One is a side-by-side duplex with three-bedroom, one-and-a-half-bath layouts, expansive living spaces, kitchens with breakfast bars and dining areas, and first-floor half baths with bedrooms and full baths located on the second level. The third building includes two additional three-bedroom units plus a dedicated rental office, storage space, and a garage with an overhead door suitable for maintenance equipment and property operations.
Additional operational support includes five common laundry areas with coin-operated machines included in the sale. The property provides 42 on-site parking spaces with maintained striping and lighting. Water is public, and the heating system is natural gas with radiant hot water heat. The offering is described as having a cap rate exceeding 7%.
Two additional structures complement the property, built between 2014 and 2015. One is a side-by-side duplex with three-bedroom, one-and-a-half-bath layouts, expansive living spaces, kitchens with breakfast bars and dining areas, and first-floor half baths with bedrooms and full baths located on the second level. The third building includes two additional three-bedroom units plus a dedicated rental office, storage space, and a garage with an overhead door suitable for maintenance equipment and property operations.
Additional operational support includes five common laundry areas with coin-operated machines included in the sale. The property provides 42 on-site parking spaces with maintained striping and lighting. Water is public, and the heating system is natural gas with radiant hot water heat. The offering is described as having a cap rate exceeding 7%.
Key Highlights
- 14 units with 42 bedrooms and potential to expand to 44 bedrooms
- 10‑unit building constructed in 2009 with ten three‑bedroom apartments
- Two additional structures built 2014‑2015, including a side‑by‑side duplex and two three‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 13045, NY
28,406
Population
12,420
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
107.9 sq mi
ZIP Area
263
Density / Sq Mi
$67,028
Median Household Income
$33,869
Median Earnings
$905
Median Rent
$162,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed student housing portfolio with 42 bedrooms, 42 on-site parking spaces, and multiple buildings built 2009-2015.
Where is this apartment building located?
The property is located at 112 Groton Avenue Cortland, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 14 units with 42 bedrooms and potential to expand to 44 bedrooms; 10‑unit building constructed in 2009 with ten three‑bedroom apartments; Two additional structures built 2014‑2015, including a side‑by‑side duplex and two three‑bedroom units
