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Income-Producing Three-Unit Property
For Sale
$184,900
Pending

810 State Route 222, Cortland, NY 13045

Three-unit property with immediate income potential near Cortland Airport.

Lot Size2.24 Acres
Days on Market98

Property Features for 810 State Route 222

General Information

Standard status Pending
Lot size 2.24 Acres
Property subtype Multi Family

Building Details

Year Built 1900
Listing Agency:
Listed By: Tara Wetherell
Source: Elliman
Added: Apr 26 Changed: Jul 10 Last Checked: Jul 31 at 9:59AM

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 Tara Wetherell

Investment Insights

Based on property information with market context.

This well-maintained property features two separate structures, offering immediate income potential with long-term tenants. The first structure is a two-story single-family home with 2 bedrooms and 1.5 baths, including a back deck. The second structure is a duplex building with an upstairs unit featuring 2 bedrooms and 1 bath, and a downstairs unit with 1 bedroom and 1 bath. Each unit has separate utilities, which may simplify property management. The property includes ample off-street parking and a 1-car garage assigned to one of the units. Situated on 2.24 acres, the property offers space, privacy, and flexibility. It is located near the Cortland County Airport, with an easy commute to Cortland, Groton, and Ithaca. The bike score is 26, indicating it is somewhat bikeable, while the walk score is 3, suggesting car dependence. This property is suitable for investors seeking immediate cash flow or buyers looking to owner-occupy while offsetting expenses.

Key Highlights

  • Immediate income from long‑term tenants in place
  • Features a 2‑bedroom single‑family home and a duplex with a 2‑bed and 1‑bed unit
  • Separate utilities for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63
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

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?
Multifamily property - Three-unit property with immediate income potential near Cortland Airport.
Where is this multifamily property located?
The property is located at 810 State Route 222 Cortland, NY.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Immediate income from long‑term tenants in place; Features a 2‑bedroom single‑family home and a duplex with a 2‑bed and 1‑bed unit; Separate utilities for each unit
More about this property
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