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 Market81
Property Features for 25 Prospect Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
24
Rooms
Bedroom 15, Bedroom 17, Bedroom 6, Bedroom 19, Bedroom 21, Bedroom 23, Bedroom 18, Bedroom 13, Bedroom 9, Bedroom 22, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 20, Bedroom 1, Bedroom 11, Bedroom 8, Bedroom 24, Bedroom 4, Bedroom 12, Bedroom 2, Bedroom 14, Bedroom 10, Bedroom 16
Parking features
Garage, Driveway
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6920
Utilities
Water source
Public
Amenities
detached garage
covered walkway entries
Building Details
Year built
1979
Floors in Building
2
Number of units
6
Building materials
VinylSiding
Roof type
Shingle
Buildings
1
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Matt Mastrangelo · License #10401342068
(856) 506-2722
Added: Aug 18
Changed: Nov 6
Last Checked: Nov 6 at 1:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this six-unit apartment property contains 3,728 square feet in one building on a 0.5991-acre parcel. The exterior has vinyl siding, and covered walkways lead to the entries. A detached garage and blacktop driveway provide additional on-site features, with 12 parking spaces. Public water serves the property.
The building is minutes from SUNY Cortland, downtown Cortland, and I-81. The property also sits near downtown employers, with the source information identifying student and workforce renters as part of the local tenant base.
The building is minutes from SUNY Cortland, downtown Cortland, and I-81. The property also sits near downtown employers, with the source information identifying student and workforce renters as part of the local tenant base.
Key Highlights
- Six apartments in a 3,728‑square‑foot building
- 0.5991‑acre parcel
- 12 on‑site parking spaces
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Apartment building - A detached garage, covered entry walkways, and on-site parking serve the residential property.
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: Six apartments in a 3,728‑square‑foot building; 0.5991‑acre parcel; 12 on‑site parking spaces
