6-Unit Apartment
For Sale
$824,900
25 Prospect Terrace, Cortland, NY 13045
MultiFamily, Cortland, NY
Property Size3,728 SF
Lot Size0.60 Acres
Price / SF$221.27
Days on Market34
Property Features for 25 Prospect Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Rooms
Bedroom 12, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 9, Bedroom 11, Bedroom 4, Bedroom 10
Parking features
Driveway, Garage
Patio and Porch features
Porch
Exterior features
BlacktopDriveway
Appliances
WaterHeater
Lot features
Rectangular, Rectangular Lot, Wooded
Elementary school district
Cortland
Middle school district
Cortland
High school district
Cortland
Directions
Located on Prospect Terrace in the City of Cortland, minutes from the SUNY Cortland campus and downtown Cortland. 25 Prospect Ter, Cortland, NY 13045.
Subdivision
Cortland-110200
Standard status
Active
APN
110200-086-065-0002-017-000-0000
Size
3,728 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
6920
Utilities
Water source
Public
Amenities
covered walkway entries
Building Details
Year built
1979
Floors in Building
2
Number of units
6
Building materials
VinylSiding
Roof type
Shingle
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Matt Mastrangelo · License #10401342068
(856) 506-2722
Added: Aug 18
Changed: Sep 16
Last Checked: Sep 20 at 10:06AM
MLS# S1702765
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.
This 6-unit apartment property occupies a 0.5991-acre parcel and contains 3,728 square feet in a single building constructed in 1979. The improvements include updated interiors, vinyl siding, shingle roofing, covered walkway entries, a porch, and a detached garage. Blacktop driveway parking provides 12 on-site spaces, while public water serves the property.
The property is located in Cortland near SUNY Cortland, downtown Cortland, and I-81. The surrounding tenant base includes student and workforce renters, with downtown employers contributing to the local employment context. The asset is offered with existing leases and operating documentation available to qualified buyers through the listing broker.
The property is located in Cortland near SUNY Cortland, downtown Cortland, and I-81. The surrounding tenant base includes student and workforce renters, with downtown employers contributing to the local employment context. The asset is offered with existing leases and operating documentation available to qualified buyers through the listing broker.
Key Highlights
- 6 units in one 3,728‑square‑foot building
- Built in 1979 on a 0.5991‑acre parcel
- 12 on‑site parking spaces with blacktop driveway
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, off-street parking, and a detached garage support the existing multifamily layout.
Where is this apartment building located?
The property is located at 25 Prospect Terrace Cortland, NY.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: 6 units in one 3,728‑square‑foot building; Built in 1979 on a 0.5991‑acre parcel; 12 on‑site parking spaces with blacktop driveway
