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Boutique Hotel With Income Units
For Sale
$489,000

171 Cornell Avenue, Stamford, NY 13788

MultiFamily, Stamford, NY

Property Size6,934 SF
Lot Size2.94 Acres
Price / SF$70.52
Days on Market87

Property Features for 171 Cornell Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 5
Rooms Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1
Parking features Garage, Driveway
Exterior features DirtDriveway, GravelDriveway, PropaneTankLeased
Fireplace 1
Appliances ConvectionOven, OilWaterHeater, PropaneWaterHeater, Refrigerator
Lot features Cul De Sac, Irregular Lot
Elementary school district South Kortright
Middle school district South Kortright
High school district South Kortright
Directions Turn onto Cornell Ave. Make left on treelined private road taking you to the large victorian in the center of the cul de sac
Subdivision Hobart-Village-125201
Standard status Active
APN 125201-069-017-0003-022-111
Size 6,934 SF
Lot size 2.94 Acres

Taxes and HOA fees

Tax Annual Amount 6700

Utilities

Heating system Propane (Heating), Oil, Steam
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1886
Floors in Building 2
Number of units 5
Flooring type Varies, Hardwood
Building materials AtticCrawlHatchwaysInsulated, Frame, StructuralInsulatedPanels, VinylSiding
Roof type Rubber, Rolled Hot Mop, Membrane, Metal
Listing Agency: Jewett and Jewett LLC
Listed By: Ashley O'Malley · License #10401355852
Added: Jun 13 Changed: Sep 7 Last Checked: Sep 7 at 2:06PM
MLS# R1690456

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.

Built in 1886, this hospitality property combines a principal building configured with seven hotel rooms and five independent apartments. The apartments are described as fully renovated and occupied, while the main building includes an eat-in country kitchen with two ranges, hardwood flooring in portions of the property, wall-unit cooling, and steam, oil, and propane heating systems. A fireplace, garage, driveway, and public water service are also included.

The property occupies 2.94 acres and contains 6,934 square feet. Exterior features include dirt and gravel driveways, vinyl siding, and a leased propane tank. Roof materials include rolled hot mop, rubber, membrane, and metal components. The layout includes basement space and five bedrooms, with additional room configurations identified in the property information.

Key Highlights

  • 6,934‑square‑foot hospitality property on 2.94 acres
  • Principal building configured with 7 hotel rooms
  • 5 independent apartments described as fully renovated and occupied

Property Analytics

Current Use

Hotels

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 13788, NY

870
Population
646
Households
1.3
Avg Household Size
51
Median Age
42%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
25
Density / Sq Mi
$95,329
Median Household Income
$44,583
Median Earnings
$740
Median Rent
$222,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Historic hospitality property with guest rooms, renovated apartments, and a country kitchen on expansive grounds.
Where is this hotel located?
The property is located at 171 Cornell Avenue Stamford, NY.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 6,934‑square‑foot hospitality property on 2.94 acres; Principal building configured with 7 hotel rooms; 5 independent apartments described as fully renovated and occupied
More about this property
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