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Two-Unit Student Housing Duplex
For Sale
$314,900

19 Water Street, Cortland, NY 13045

Two-unit residential property with student-housing configuration near SUNY Cortland.

Property Size2,370 SF
Days on Market91

Property Features for 19 Water Street

General Information

Standard status Active
Size 2,370 SF
Property subtype Multi Family

Units

Unit Mix 1 x 6BR/2BA, 1 x 3-4BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,199

Building Details

Building Size 2,370 SF
Year Built 1880
Listing Agency: The Real Estate Agency
Listed By: Matthew Chalanick · License #10371200877
Source: Griffith-realty
Added: May 7 Changed: Aug 4 Last Checked: Aug 5 at 5:03AM

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 The Real Estate Agency

Investment Insights

Based on property information with market context.

This duplex contains two residential units with a student-housing layout. The lower unit includes 6 bedrooms and 2 full bathrooms, while the upper unit has 1 bathroom. The property was built in 1880 and is currently vacant for the 2025–2026 school year.

The lower unit is pre-rented for both semesters of 2026–2027. The property is located close to SUNY Cortland, providing an established campus-oriented setting for residential rental use.

Key Highlights

  • Two‑unit duplex near SUNY Cortland
  • Lower unit includes 6 bedrooms and 2 full bathrooms
  • Upper unit includes 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Plumbing Service Storage Facility

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

375
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?
Duplex - Two-unit residential property with student-housing configuration near SUNY Cortland.
Where is this duplex located?
The property is located at 19 Water Street Cortland, NY.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit duplex near SUNY Cortland; Lower unit includes 6 bedrooms and 2 full bathrooms; Upper unit includes 1 bathroom
More about this property
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