5 Sands St, Cortland, NY 13045

Building Details

Year Built

1910

Listing office The Real Estate Agency k***@the-realestateagency.com Show Phone

Listing date Mar 10, 2026

Source Elliman

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Overview

This property presents an investment opportunity in student housing near SUNY Cortland. It offers potential for value appreciation and increased cash flow in the consistently strong Cortland student housing market, driven by SUNY Cortland's robust enrollment. The property is located within walking distance to campus, in a sought-after area for off-campus living. The university is planning a new residence hall for 2026-2028, intended to replace existing West Campus apartments, which should maintain demand for off-campus housing. This property is poised for significant returns for seasoned investors or first-time buyers seeking a high-potential income property. Listing Broker has an ownership interest.

Suggested Use

Real Estate Agency HVAC Service Nursing Home Electrical Service Daycare Center Computer & Electronic Repair Storage Facility Carpet & Flooring Store Shopping Center & Mall (Bike/Boat/Book/etc) Store

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

Location Insight

• Map
• Local Demand

City

Cortland

County

Cortland

State

New York

Longitude

-76.1898

Latitude

42.5924

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FAQs

What type of property is this?

Multifamily property - Student housing near SUNY Cortland with upside potential.

Where is this multifamily property located?

The property is located at 5 Sands St Cortland, NY.

What is the asking price?

The asking price for this property is $215,900.

What are key features of this property?

This property features: Prime location: Walking distance to SUNY Cortland campus, highly desirable for off‑campus student living.; Strong investment potential: Opportunity to capitalize on the consistently strong SUNY Cortland student rental market.; Upside potential: Significant room for value appreciation and increased cash flow.