10-Bed Multifamily Student
For Sale
$324,900
26 Lincoln Ave, Cortland, NY 13045
Furnished, permitted housing near SUNY Cortland and downtown.
Property Size3,385 SF
Price / SF$95.98
Days on Market30
Property Features for 26 Lincoln Ave
General Information
Standard status
Active
Size
3,385 SF
Property subtype
Multi-Family
Net Operating Income
$40,442
Financials
Cap Rate
12.4%
Gross Income
$66,275
Additional Details
Furnished
Yes
Amenities
combo laundry unit
Building Details
Year Built
1920
Listing Agency:
Realmart Realty LLC
(732) 727-2285
Listed By:
Qizhan Yao · License #0902217
Source:
Skinnercnyrealty
Added: Aug 3
Changed: Aug 31
Last Checked: Aug 31 at 7:14PM
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 Realmart Realty LLC
Investment Insights
Based on property information with market context.
This 10-bed multifamily property operates as furnished student housing in Cortland, New York. The residence is occupied for the 26-27 season, with summer rental income included, and carries an issued City of Cortland rental permit. The property was built in 1920 and is managed by the owner.
Recent improvements include a new lower roof, a new furnace, two hot water heaters, and a combination laundry unit. Students have walkable access to SUNY Cortland and downtown Cortland. The property is reported at a 12.4% cap rate, with occupancy and seasonal rental operations already established.
Recent improvements include a new lower roof, a new furnace, two hot water heaters, and a combination laundry unit. Students have walkable access to SUNY Cortland and downtown Cortland. The property is reported at a 12.4% cap rate, with occupancy and seasonal rental operations already established.
Key Highlights
- 10‑bed furnished student housing property
- Issued City of Cortland rental permit
- Occupied for the 26‑27 season with summer rental income included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,149
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?
Multifamily property - Furnished, permitted housing near SUNY Cortland and downtown.
Where is this multifamily property located?
The property is located at 26 Lincoln Ave Cortland, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 10‑bed furnished student housing property; Issued City of Cortland rental permit; Occupied for the 26‑27 season with summer rental income included
