Six-Unit Apartment Building with
For Sale
Contact for pricing
25 PROSPECT TER, Cortland, NY 13045
1979 construction with campus-area access, off-street parking, and a detached garage.
Property Size3,728 SF
Lot Size0.60 Acres
Price / SF$221.27
Days on Market9
Property Features for 25 PROSPECT TER
General Information
Standard status
Active
Size
3,728 SF
Class
B
Total Parking Spaces
12
Lot size
0.60 Acres
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$59,748
Financials
Asking Price
$824,900
Cap Rate
7.24%
Gross Income
$96,000
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Year Built
1979
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
ElysiumX Team
Listed By:
Matt Mastrangelo · License #10991228639
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 11:05AM
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 ElysiumX Team
Investment Insights
Based on property information with market context.
This six-unit apartment property contains 3,728 square feet on a 0.60-acre parcel and was built in 1979. The improvements include a detached garage and on-site off-street parking. Signed leases are in place for the Fall 2026 academic year, and the property has a 7.24% capitalization rate based on the stated underwriting.
The building is located in Cortland, near SUNY Cortland, downtown Cortland, and Interstate 81. Its setting places the property within the area’s student-oriented rental market while providing access to local commercial and transportation destinations. Rent roll, income and expense documentation, floor plans, and a valuation and advisory report are available to qualified buyers.
The building is located in Cortland, near SUNY Cortland, downtown Cortland, and Interstate 81. Its setting places the property within the area’s student-oriented rental market while providing access to local commercial and transportation destinations. Rent roll, income and expense documentation, floor plans, and a valuation and advisory report are available to qualified buyers.
Key Highlights
- Six‑unit apartment building with 3,728 square feet
- Situated on a 0.60‑acre parcel
- Built in 1979
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 1979 construction with campus-area access, off-street parking, and a detached garage.
Where is this apartment building located?
The property is located at 25 PROSPECT TER 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‑unit apartment building with 3,728 square feet; Situated on a 0.60‑acre parcel; Built in 1979
