Student Housing Investment
For Sale
$215,900
5 Sands St, Cortland, NY 13045
Student housing near SUNY Cortland with upside potential.
Property Size1,926 SF
Lot Size0.15 Acres
Days on Market165
Property Features for 5 Sands St
General Information
Standard status
Active
Size
1,926 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,371
Building Details
Building Size
1,926 SF
Year Built
1910
Stories
2
Units
2
Listing Agency:
The Real Estate Agency
(315) 506-3695
Listed By:
Kirsten Casterline · License #10371200877
(315) 506-3695
Source:
Elliman
Added: Mar 10
Changed: Aug 13
Last Checked: Aug 20 at 11:19AM
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 The Real Estate Agency
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
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 - 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.
