14-Unit Student Housing Apartment
112 Groton Avenue Cortland, NY 13045
112 Groton Avenue, Cortland, NY, 13045
$2,950,000
For Sale
$2,950,000
MULTI_FAMILY - Cortland, NY
Property Size11,520 SF
Lot Size1.16 Acres
Price / SF$256.08
Days on Market49
Property Features for 112 Groton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 42
- Rooms
- Bedroom 41, Bedroom 5, Bedroom 38, Bedroom 17, Bedroom 18, Bedroom 19, Basement, Bedroom 24, Bedroom 32, Bedroom 12, Bedroom 33, Bedroom 34, Bedroom 2, Bedroom 7, Bedroom 35, Bedroom 15, Bedroom 1, Bedroom 4, Bedroom 27, Bedroom 37, Bedroom 14, Bedroom 29, Bedroom 16, Bedroom 25, Bedroom 36, Bedroom 3, Bedroom 23, Bedroom 26, Bedroom 31, Bedroom 6, Bedroom 13, Bedroom 28, Bedroom 30, Bedroom 9, Bedroom 11, Bedroom 21, Bedroom 40, Bedroom 8, Bedroom 20, Bedroom 39, Bedroom 42, Bedroom 10, Bedroom 22
- Parking features
- Garage, Driveway
- Patio and Porch features
- Porch, Deck
- Interior features
- CeilingFans, Storage
- Exterior features
- BlacktopDriveway, Deck
- Appliances
- ExhaustFan, ElectricOven, ElectricRange, GasWaterHeater, Microwave, Refrigerator, RangeHood
- 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), Radiant, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2009
- Floors in Building
- 2
- Number of units
- 14
- Flooring type
- Vinyl, Tile, Varies, Carpet
- Building materials
- Frame, VinylSiding
- Roof type
- Shingle, Asphalt
- Additional Structures
- Storage
Listing Agency
Berkshire Hathaway HomeServices Heritage Realty
(607) 428-0708
7 James St. Dana Decker, Homer, NY
Listed by
Dana Decker · License #10491206226
(607) 423-4719
Added: Jun 1 Checked: Jul 19 at 3:06 am
MLS# S1686697
Listing URL
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.
Welcome to a well-maintained 14-unit investment property at 112 Groton Avenue in Cortland, NY. The portfolio includes a 10-unit building constructed in 2009 with ten three-bedroom units, each with an eat-in kitchen and dining area, full bathrooms with double-sink vanities, and built-in closet shelving. Two additional structures built between 2014 and 2015 complement the main building: a side-by-side duplex with three-bedroom, one-and-a-half-bath units, and a third building with two additional three-bedroom units plus a dedicated rental office, storage space, and a garage with an overhead door suited for maintenance equipment.
The property is positioned for student housing demand, described as a short distance from SUNY Cortland and the shops, restaurants, and amenities of downtown Cortland. Residents have access to five common laundry areas with coin-operated machines included in the sale, and the site offers 42 on-site parking spaces with maintained striping and lighting. The offering is noted as professionally managed, with a total of 42 bedrooms and potential to expand to 44 bedrooms, and a stated cap rate exceeding 7%.
For buyers considering a 1031 exchange, the property is presented as a fully established, income-producing apartment building with an operational setup already in place.
The property is positioned for student housing demand, described as a short distance from SUNY Cortland and the shops, restaurants, and amenities of downtown Cortland. Residents have access to five common laundry areas with coin-operated machines included in the sale, and the site offers 42 on-site parking spaces with maintained striping and lighting. The offering is noted as professionally managed, with a total of 42 bedrooms and potential to expand to 44 bedrooms, and a stated cap rate exceeding 7%.
For buyers considering a 1031 exchange, the property is presented as a fully established, income-producing apartment building with an operational setup already in place.
Key Highlights
- 14‑unit student housing investment property with 42 bedrooms; potential to expand to 44 bedrooms
- Centerpiece 10‑unit building constructed in 2009 with ten 3‑bedroom apartments
- Two additional structures built between 2014 and 2015: a side‑by‑side duplex (3BR/1.5BA) plus two more 3‑bedroom units and a rental office
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Apartment building - Well-maintained 14-unit student housing property offering 42 bedrooms, with coin-operated laundry and 42 on-site parking spaces.
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 $2,950,000.
What are key features of this property?
This property features: 14‑unit student housing investment property with 42 bedrooms; potential to expand to 44 bedrooms; Centerpiece 10‑unit building constructed in 2009 with ten 3‑bedroom apartments; Two additional structures built between 2014 and 2015: a side‑by‑side duplex (3BR/1.5BA) plus two more 3‑bedroom units and a rental office
