14-Unit Apartment Building
For Sale
$2,950,000
112 Groton Ave, Cortland, NY 13045
Student housing near SUNY Cortland with on-site parking, common laundry facilities, and professionally managed operations.
Property Size11,520 SF
Price / SF$256.08
Days on Market29
Property Features for 112 Groton Ave
General Information
Standard status
Active
Size
11,520 SF
Total Parking Spaces
42
Property subtype
Multi-Family
Units
Unit Mix
10 x 3BR, 2 x 3BR
Multifamily Units
14
Amenities
common laundry areas
Building Details
Year Built
2009
Buildings
3
Listing Agency:
Berkshire Hathaway HomeServices Heritage Realty
(607) 423-4719
Listed By:
Dana Decker · License #10491212933
Source:
Skinnercnyrealty
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Heritage Realty
Investment Insights
Based on property information with market context.
This 14-unit apartment property at 112 Groton Ave in Cortland, NY, contains 11,520 square feet and accommodates 42 bedrooms, with expansion potential to 44. The primary 10-unit building was completed in 2009 and includes three-bedroom apartments with living rooms, eat-in kitchens, dining areas, full bathrooms, and built-in closet storage. Two additional structures, built between 2014 and 2015, add a side-by-side duplex and two more three-bedroom units. The property also includes a rental office, storage, and a garage with an overhead door.
Five shared laundry areas feature coin-operated machines. Residents have access to 42 on-site parking spaces with lighting and maintained striping. The property is positioned near SUNY Cortland and downtown Cortland’s shops, restaurants, and other amenities. It is professionally managed and has a cap rate exceeding 7%.
Five shared laundry areas feature coin-operated machines. Residents have access to 42 on-site parking spaces with lighting and maintained striping. The property is positioned near SUNY Cortland and downtown Cortland’s shops, restaurants, and other amenities. It is professionally managed and has a cap rate exceeding 7%.
Key Highlights
- 14‑unit property with 42 bedrooms and potential to expand to 44 bedrooms
- 11,520‑square‑foot apartment property at 112 Groton Ave, Cortland, NY 13045
- 10‑unit primary building constructed in 2009
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Student housing near SUNY Cortland with on-site parking, common laundry facilities, and professionally managed operations.
Where is this apartment building located?
The property is located at 112 Groton Ave Cortland, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 14‑unit property with 42 bedrooms and potential to expand to 44 bedrooms; 11,520‑square‑foot apartment property at 112 Groton Ave, Cortland, NY 13045; 10‑unit primary building constructed in 2009
