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Student Housing Triplex
For Sale
$535,000

6 Monroe Street, Cortland, NY 13045

Residential, Cortland, NY

Property Size3,974 SF
Lot Size0.22 Acres
Price / SF$134.63
Days on Market239

Property Features for 6 Monroe Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 15
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 12, Bedroom 9, Bedroom 8, Bedroom 10, Bedroom 13, Bedroom 4, Bedroom 15, Bedroom 14, Bedroom 7, Bedroom 11, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Basement, Bedroom 5
Appliances GasWaterHeater
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Cortland
Middle school district Cortland
High school district Cortland
Directions FROM the intersection of Main Street and Groton Avenue, proceed eastward on Groton Avenue (State Route 222) to Monroe Heights; turn left. Go up the street to the 3rd property on the right.
Subdivision Cortland-110200
Standard status Active
APN 110200-086-058-0001-030-000-0000
Size 3,974 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Annual Amount 10683

Utilities

Heating system Steam, Natural Gas
Water source Public

Building Details

Year built 1974
Floors in Building 3
Number of units 15
Flooring type Varies, Vinyl, Hardwood, Carpet
Building materials Frame, ShakeSiding
Roof type Shingle
Architectural style Other
Listing Agency: SVR Realty LLC
Listed By: Philip Henry · License #30HE0952053
Added: Jan 14 Changed: Sep 7 Last Checked: Sep 10 at 12:06PM
MLS# S1658063

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.

This 3,974-square-foot triplex contains three units with five bedrooms per unit, providing 15 bedrooms total. The property is currently used for student housing and includes three bathrooms, a basement, and a large parking lot. Construction dates to 1974, with frame construction, shake siding, shingle roofing, and a mix of carpet, hardwood, and vinyl flooring. Heating is provided by natural gas and steam systems, and the water source is public.

Set on 0.2166 acres, the property is within walking distance of SUNY Cortland and the Cortland City central business district. The garage visible in older aerial imagery has been removed, while the existing parking area remains part of the property.

Key Highlights

  • 3,974‑square‑foot triplex with 3 units and 15 bedrooms total
  • Five bedrooms per unit, with current use as student housing
  • Within walking distance of SUNY Cortland

Property Analytics

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Current Use

Triplexes

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,149
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Fifteen-bedroom layout across three units with a large parking lot and campus-oriented rental use.
Where is this triplex located?
The property is located at 6 Monroe Street Cortland, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,974‑square‑foot triplex with 3 units and 15 bedrooms total; Five bedrooms per unit, with current use as student housing; Within walking distance of SUNY Cortland
More about this property
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