For SaleMLS # S16798991 days on market

19 Water Street

Cortland, NY 13045 · Cortland County

Price

$314,900

Bed / Bath

9 bd · 3 ba

Interior

2,370 sqft

Lot

4,944 sqft lot

Built

1880

About this home

This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.

Appliances

Gas Water Heater

Mechanical

Heating

Gas, Forced Air

Schools

District

Cortland

Tax & finance

Annual taxes

$8,199

Financing

Cash

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Location

Cortland, NY 13045 · Cortland County

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MLS Attribution

Listing courtesy of The Real Estate Agency. Listing agent: Matthew Chalanick. Data last updated 5/8/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.