6-Unit Apartment Building with
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 Market8
Property Features for 25 Prospect Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Rooms
Bedroom 4, Bedroom 3, Bedroom 11, Bedroom 10, Bedroom 5, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 8
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. GPS: 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: Aug 25
Last Checked: Aug 25 at 10:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1979, this six-unit apartment building offers 3,728 square feet on a 0.5991-acre city parcel. The property includes updated interiors, vinyl siding, shingle roofing, covered walkway entries, a detached garage, blacktop parking, and a porch. Public water serves the building, and the site includes 12 parking spaces. A 7.24% capitalization rate is supported by the underwriting provided for the property.
The location places the apartments near SUNY Cortland, downtown Cortland, and I-81. The source information identifies both student and workforce tenant demand connected to the campus and downtown employers. Showings are by appointment through the listing agent, with tenants not to be disturbed.
The offering includes one multifamily building on a city parcel, with a detached garage and off-street parking contributing to the overall site configuration.
The location places the apartments near SUNY Cortland, downtown Cortland, and I-81. The source information identifies both student and workforce tenant demand connected to the campus and downtown employers. Showings are by appointment through the listing agent, with tenants not to be disturbed.
The offering includes one multifamily building on a city parcel, with a detached garage and off-street parking contributing to the overall site configuration.
Key Highlights
- Six‑unit apartment building with 3,728 square feet of building area
- Built in 1979 on a 0.5991‑acre city parcel
- 12 on‑site parking spaces plus detached garage
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 - Updated interiors, covered walkway entries, and on-site parking serve student and workforce rental demand.
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‑unit apartment building with 3,728 square feet of building area; Built in 1979 on a 0.5991‑acre city parcel; 12 on‑site parking spaces plus detached garage
