Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Unit Home in Welcoming Neighborhood Title is generated by Realmo AI

    49 N Church St, Cortland, NY 13045

    View on Map
    Claim this Listing
    For Sale
    $180,000

    Spacious two-unit home, ideal for owners or investors.

    Type:Multi Family
    Added:
    Apr 3, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 3 at 5:16 pm

    Property Features for 49 N Church St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Rose Marie Ferro
    Rose Marie Ferro

    Listing agent Rose Marie Ferro

    Listing office Hage Real Estate

    Listing date Apr 3, 2026

    Source Elliman

    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 Hage Real Estate

    HighLights

    • Two‑unit home: Ideal for owner‑occupants seeking rental income or investors.
    • Apartment 1: Features 3 bedrooms, 1.5 bathrooms, bright kitchen with newer appliances, living room, dining room, and laundry room with newer washer/dryer.
    • Low‑maintenance exterior: New metal roof, vinyl windows, and vinyl siding.
    • Apartment 2: Offers a 1‑bedroom layout with living room, eat‑in kitchen, and full bathroom.
    • Very Walkable: Walk Score of 81.
    • Well‑maintained property.

    Overview

    This two-unit home is located in a welcoming neighborhood. Apartment 1 includes 3 bedrooms and 1.5 bathrooms, a kitchen with newer appliances, a living room, a formal dining room, and a laundry room equipped with a newer washer and dryer. Apartment 2 features a 1-bedroom layout with a living room, an eat-in kitchen, and a full bathroom. The property has been maintained with a new metal roof, vinyl windows, and vinyl siding. The bike score is 56, indicating it is bikeable, and the walk score is 81, indicating it is very walkable. This property is suitable for both owner-occupants and investors.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Cortland
    State
    New York
    Longitude
    -76.1779523
    Latitude
    42.6052441

    Nearby Similar for Sale

    • $399,900
      4,540 SF

      Versatile Commercial Property Near Cortland

      Well-maintained commercial building with high ceilings and vehicle repair designation.
      1134 State Route 13, Cortland, NY 13045
      View Details
    • $900,000
      6,560 SF

      Profitable Virgil Property with Multiple Streams

      Turn-key investment property with welding business, storage, and U-Haul.
      1234 State Route 392, Cortland, NY 13045
      View Details
    • $375,000
      4,560 SF

      Cortland Commercial Property For Sale

      Two-story, 4,560 SF commercial building in downtown Cortland, NY.
      97-103 N Main Street, Cortland, NY 13045
      View Details
    • $229,500
      1,938 SF

      Distinctive Multi-Family Property in Cortland

      Two homes joined by breezeway, ideal for owner-occupancy or investment.
      20 Scammell Street, Cortland, NY 13045
      View Details
    • $299,900
      3,610 SF

      Turn-Key Office Building with Retail

      3,610 sq ft turn-key office building with retail potential.
      997 Mclean Road, Cortland, NY 13045
      View Details
    • $159,000
      1,610 SF

      Charming Cortland City Duplex

      Two-unit property near downtown Cortland, convertible to single-family.
      30 Squires Street, Cortland, NY 13045
      View Details
    • $165,000
      2,336 SF

      Cortland Duplex: Investment or Owner-Occupancy

      Side-by-side duplex in Cortland, ideal for investors or owner-occupants.
      105 Pendleton Street, Cortland, NY 13045
      View Details
    • $185,000
      3,456 SF

      Cortland Triplex with Extra Lot

      Three-unit property in Cortland, NY with additional parking space.
      2 South Avenue, Cortland, NY 13045
      View Details
    • $95,000
      2,126 SF

      Two-Unit Home with Large Yard

      Two-unit home with investment potential in a residential neighborhood.
      55 Hubbard Street, Cortland, NY 13045
      View Details
    • $159,900
      1,828 SF

      Well-Maintained Duplex in Cortland, NY

      Duplex with recent updates, parking, and garage, ideal for investors.
      17 Frank Street, Cortland, NY 13045
      View Details
    • $189,900
      2,164 SF

      Well-Maintained Duplex on Quiet Street

      Comfortable duplex with income potential in a prime location.
      13 Pine Street, Cortland, NY 13045
      View Details
    • $299,900
      2,688 SF

      Commercial Property on High Traffic Area

      Attractive investment opportunity with tenant in place on 1.27 acres.
      991 State Route 13, Cortland, NY 13045
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious two-unit home, ideal for owners or investors.
    Where is this duplex located?
    The property is located at 49 N Church St Cortland, NY.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Two‑unit home: Ideal for owner‑occupants seeking rental income or investors.; Apartment 1: Features **3 bedrooms, 1.5 bathrooms, bright kitchen with newer appliances**, living room, dining room, and laundry room with newer washer/dryer.; Low‑maintenance exterior: **New metal roof, vinyl windows, and vinyl siding.**
    (607) 423-0888
    We can help!
    Listing Contact
    Rose Marie Ferro
    Rose Marie Ferro
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    49 N Church St, Cortland, NY 13045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!