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3-Unit Multifamily Property
For Sale
$169,900

2 South Avenue, Cortland, NY 13045

Residential, Cortland, NY

Property Size3,456 SF
Lot Size0.05 Acres
Price / SF$49.16
Days on Market20

Property Features for 2 South Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Residential Multi Use
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3
Parking features Paved or Surfaced, On Street
Patio and Porch features Porch
Appliances GasWaterHeater
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
High school Cortland Junior-Senior High
Elementary school district Cortland
Middle school district Cortland
High school district Cortland
Directions Second building on the right after Main St. Extra lot is to the left of the building for parking.
Subdivision Cortland-110200
Standard status Active
APN 110200-086-082-0001-027-000-0000
Size 3,456 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 3730

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1964
Floors in Building 2
Number of units 3
Flooring type Vinyl, Varies, Hardwood, Laminate
Building materials VinylSiding
Roof type Shingle, Asphalt
Architectural style Other
Listing Agency: Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
Listed By: Loueen Rosenbush · License #10401292773
Added: Sep 16 Changed: Sep 17 Last Checked: Oct 5 at 5:06AM
MLS# S1715608

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.

Located at 2 South Avenue in Cortland, this 3,456-square-foot triplex contains three separate residences: two one-bedroom units and an upstairs four-bedroom unit. Each residence includes a kitchen, living room, and bathroom. One of the one-bedroom units is currently rented, while the other two units are available for occupancy or leasing. Separate utilities allow residents to handle their own utility costs.

The property includes an adjoining 37' x 75' lot, expanding the site beyond the primary building. Parking is provided through paved or surfaced areas and on-street spaces. Built in 1964, the structure features vinyl siding, asphalt shingle roofing, a porch, public water, natural-gas forced-air heating, and a basement.

Key Highlights

  • Three residences with 1‑bedroom, 1‑bedroom, and 4‑bedroom layouts
  • 3,456 square feet of building area
  • Adjoining 37' x 75' lot included with the property

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
Yes
Utilities to site

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 - Separate utilities, public water, and gas-forced-air heat support the three-residence layout.
Where is this triplex located?
The property is located at 2 South Avenue 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 residences with 1‑bedroom, 1‑bedroom, and 4‑bedroom layouts; 3,456 square feet of building area; Adjoining 37' x 75' lot included with the property
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