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Three-Unit Triplex with Additional Lot
For Sale
$169,900

2 South Ave, Cortland, NY 13045

Three-unit residential property with separate utilities and an adjoining lot for additional space.

Property Size3,456 SF
Days on Market9

Property Features for 2 South Ave

General Information

Standard status Active
Size 3,456 SF
Property subtype Multi Family

Units

Unit Mix 2 x 1BR, 1 x 4BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,730

Building Details

Building Size 3,456 SF
Year Built 1964
Stories 2
Units 3
Listing Agency: Berkshire Hathaway HomeServices CNY Realty
Listed By: Loueen Rosenbush · License #10401292773
Source: Elliman
Added: Sep 19 Last Checked: Sep 26 at 10:07AM

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 CNY Realty

Investment Insights

Based on property information with market context.

This 1964 triplex contains three residential units: a front one-bedroom apartment, a rear one-bedroom apartment, and an upstairs four-bedroom apartment. Each unit includes a kitchen, living room, and bathroom. The front apartment is currently rented, while the two remaining units are available for lease. Separate utilities allow occupants to pay their own utility costs.

An adjoining 37' x 75' lot is included with the property, adding space that may support parking, a play area, gardening, or other permitted uses. The property is located at 2 South Ave in Cortland, New York. The area records a walk score of 81, described as Very Walkable, and a bike score of 56, described as Bikeable.

Key Highlights

  • Three‑unit layout with two 1‑bedroom apartments and one 4‑bedroom apartment
  • Front 1‑bedroom apartment is currently rented
  • Each unit includes a kitchen, living room, and bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Building Supply Kitchen & Bath Showroom Bakery Carpet & Flooring Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

575
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Triplex - Three-unit residential property with separate utilities and an adjoining lot for additional space.
Where is this triplex located?
The property is located at 2 South Ave Cortland, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Three‑unit layout with two 1‑bedroom apartments and one 4‑bedroom apartment; Front 1‑bedroom apartment is currently rented; Each unit includes a kitchen, living room, and bath
More about this property
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