Map of Property

Homer Village Income Property

For Sale

35 Clinton St, Homer, NY 13077

This Homer property for sale is located at 35 Clinton St. The current listed sale price for Homer Village Income Property is $275,000. Homer Village Income Property is situated on a lot that is 0.09 acre in size.

Contacts

broker
Virginia Squire, CCIM

Yaman Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 2,700 SF
  • Units 3
  • Lot Size 0.09 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1880
  • Date Updated Jun 20, 2025
Located in a desirable, walkable location near schools and downtown amenitiesRare investment opportunity in the Village of Homer! This fully rented, 3-unit multifamily delivers strong income with a 10.6% cap rate at list price and 11.7% net-effective after buyer credit. With a total rent roll of $3,345/month, this property is a turnkey income generator from day one. Located in a desirable, walkable location near schools and downtown amenities, the property features a classic brick exterior, separate utilities, and a partially finished basement. Offered at $275,000 with a $25,000 buyer credit for roof replacement, bringing your net-effective price to $250,000. Can be sold individually or as a package deal with 16 South Ave and 24–26 South Ave in Cortland—unlock even greater portfolio value!
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Highlights

  • Buyer credit of $25,000 for new roof
  • Excellent cash flow investment or 1031 exchange candidate
  • Fully rented 3-unit multifamily in Homer
  • NOI: $29,212 ¦ Cap Rate: 10.6% (11.7% net-effective)
  • Option to bundle with 16 South Ave and 24–26 South Ave (Cortland)
  • Prime village location – walk to schools, shops & restaurants
  • Rent Roll: $3,345/month ¦ $40,140/year
  • Separate utilities, off-street parking, attached garage

Getting around

  • 37/100

    Walk Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Homer, NY
  • Zip Code 13077

Points of Interest

  • Sunoco

    0.65 miles

  • Byrne Dairy Homer

    0.68 miles

  • Mobil

    2.50 miles

  • Tesla Supercharger

    2.55 miles

  • Speedway

    3.03 miles

  • Citgo

    3.51 miles

  • Kwik Fill

    4.27 miles

  • Hoxie Gorge Road Parking

    8.37 miles

  • Quality Inn

    2.24 miles

  • Clarion Inn & Suites

    2.27 miles

  • Red Roof Inn

    2.52 miles

  • Hampton Inn Cortland

    2.55 miles

  • Econo Lodge

    2.79 miles

  • Imperial Motel

    3.00 miles

  • Glass Tower

    3.19 miles

  • Shey Hall

    3.23 miles

  • Alger Hall

    3.27 miles

  • Dragon Hall

    3.34 miles

  • Village Food Market

    0.39 miles

  • P&C Fresh

    2.38 miles

  • Groton Ave Liquors

    2.80 miles

  • Save-A-Lot

    3.04 miles

  • Grand Union

    3.29 miles

  • Cortland Produce Cash & Carry

    3.36 miles

  • ALDI

    4.84 miles

  • Price Chopper

    5.07 miles

  • Marshalls

    5.23 miles

  • Walmart Supercenter

    5.32 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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