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    200 S Main St Cortland, NY 13045

    For Sale
    $69,000

    Four-unit property with restoration potential in Cortland, New York.

    Lot size:
    0.22 Acres

    Property Features for 200 S Main St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1972

    Source: Hage Real Estate Agent Jason Hage

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cortland Investment Property with Potential

    This four-unit multi-family property in Cortland, New York, presents an investment opportunity with potential for long-term income. The building includes five electric meters and two gas meters. Exterior features include a parking lot, vinyl siding, and a storage shed. The property also has a full basement, a solid roof, and a sound structure. One front one-bedroom unit is currently occupied and cannot be shown. An upper unit has been fully gutted due to a previous fire. Two additional units are vacant and in need of repair. The property is suitable for investors looking for a value-add rental.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Cortland
    State
    New York
    Longitude
    -76.1801145
    Latitude
    42.5908074

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with restoration potential in Cortland, New York.
    Where is this quadplex located?
    The property is located at 200 S Main St Cortland, NY.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: - Four-unit multi-family property offers income potential.; - Includes a parking lot.; - Solid roof and structure ('great bones').
    (607) 283-6200
    Request Owner's contact information
    200 S Main St Cortland, NY 13045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 S Main St Cortland, NY 13045
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