Map of Property

Duplex Near SUNY

For Sale

16 South Ave, Cortland, NY 13045

This Cortland property for sale is located at 16 South Ave. The current listed sale price for Duplex Near SUNY is $135,000. Duplex Near SUNY is situated on a lot that is 31.7 acre in size.

Contacts

broker
Virginia Squire, CCIM

Yaman Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 1,940 SF
  • Units 2
  • Lot Size 31.7 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1890
  • Date Updated Jun 20, 2025
Prime location: Near SUNY Cortland, downtown amenities, and I‑81 accessHigh-yield duplex offering immediate return in Cotland’s student corridor! This 1,940 SF, two-unit property includes a 2 BR flat and 3 BR flat—both fully leased with tenant-paid utilities. With a 13.3% cap rate at the $135,000 asking price, this asset is perfect for investors seeking strong cash flow. Priced well below replacement cost, it offers upside from rent adjustment in the 3 BR flat. Shared parking, low operating costs, and proximity to SUNY Cortland, downtown, and I‑81 make this an ideal buy-and-hold opportunity. Can be sold individually or as a package with 24-26 South Ave and 35 Clinton St. For more information, call Heriberto "Eddy" Pezzino, Lic. RE Salesperson at (607) 372-3214.
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Highlights

  • 1,940?SF on a 0.178-acre lot
  • Can be purchased individually or as a package with 24-26 South Ave, Cortland & 35 Clinton St, Homer
  • Fully leased with monthly rent of $2,095 ($25,140/year)
  • NOI: $17,921; Cap Rate: 13.3%
  • Prime location: Near SUNY Cortland, downtown amenities, and I-81 access
  • Separate gas & electric (tenant-paid); landlord covers water/sewer
  • Shared driveway parking included
  • Upside: Rent lift potential in 3-BR unit could increase income to $27K+

Getting around

  • 62/100

    Walk Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cortland, NY
  • Zip Code 13045

Points of Interest

  • Citgo

    0.46 miles

  • Sunoco

    0.48 miles

  • Speedway

    0.68 miles

  • Tesla Supercharger

    1.19 miles

  • Mobil

    1.27 miles

  • Kwik Fill

    1.42 miles

  • Byrne Dairy Homer

    2.91 miles

  • Hoxie Gorge Road Parking

    6.09 miles

  • Finger Lakes Trail - Van Donsel Road Trailhead

    6.77 miles

  • Finger Lakes Trail - Babcock Hollow Road Trailhead

    8.15 miles

  • Trail parking

    9.53 miles

  • Dryden Rail Trail

    9.89 miles

  • Dryden rail trail parking

    9.96 miles

  • Imperial Motel

    0.45 miles

  • Casey Tower

    0.56 miles

  • Dragon Hall

    0.58 miles

  • Shey Hall

    0.60 miles

  • Alger Hall

    0.62 miles

  • Glass Tower

    0.63 miles

  • Econo Lodge

    0.65 miles

  • Red Roof Inn

    1.38 miles

  • Hampton Inn Cortland

    1.39 miles

  • Clarion Inn & Suites

    1.44 miles

  • Cortland Produce Cash & Carry

    0.21 miles

  • Groton Ave Liquors

    0.69 miles

  • Grand Union

    1.13 miles

  • Save-A-Lot

    1.15 miles

  • P&C Fresh

    1.27 miles

  • ALDI

    2.04 miles

  • Price Chopper

    2.19 miles

  • Marshalls

    2.37 miles

  • Walmart Supercenter

    2.44 miles

  • Village Food Market

    3.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Virginia Squire, CCIM

Yaman Commercial

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