Closed

$135,000

12 Union St, Cortland, NY 13045

5beds

1,840sqft

Multi Family

Built in 1870

-- sqft lot

$150,500 Zestimate^®

$73/sqft

$1,538 Estimated rent

Home value

$150,500

$122,000 - $179,000

$1,538/mo

Zestimate^® history

Owner options

List your home for rent

$1,538/mo

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$1,538/mo

Rent Zestimate^®

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$869/mo

Est. payment

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$869/mo

Est. payment

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What's special

This Cortland, NY multi-family property offers a lucrative investment opportunity. Comprising three units, this well-maintained property blends charm with modern convenience. Ample off-street parking and separate utility meters for each unit. Conveniently located near schools, parks, and transportation options. Cortland's strong rental market and stable income history make this property an ideal investment. Current rent rates have room for growth, especially with the possibility of attracting student renters. Are you new to building your investment portfolio? Consider residing in one unit while leasing out the other two. Are you an experienced investor? Both options promise a healthy cash flow. Secure your piece of Cortland's real estate market with this income-generating property.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Gas, Forced Air

Appliances

Included: Electric Water Heater, Gas Water Heater

Features

Flooring: Carpet, Hardwood, Laminate, Varies
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,840
Total interior livable area: 1,840 sqft

Property

Parking

Total spaces: 1
Parking features: Two or More Spaces
Garage spaces: 1

Features

Levels: Two
Stories: 2

Lot

Size: 8,411 Square Feet
Dimensions: 73 x 116
Features: Residential Lot

Details

Parcel number: 11020008607400030190000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Steel Siding, Vinyl Siding

Condition

Resale
Year built: 1870

Utilities & green energy

Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Gregorygraceann Forrester

Location

Region: Cortland

Financial & listing details

Price per square foot: $73/sqft
Tax assessed value: $80,000
Annual tax amount: $4,209
Date on market: 10/2/2023
Cumulative days on market: 19 days
Listing terms: Cash,Conventional
Tenant pays: All Utilities

Price history

Date	Event	Price
3/6/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/8/2024	Sold	$135,000-3.6%$73/sqft
Source: NYSAMLSs #R1500285 Report a problem
2/8/2024	Listed for rent	$725+26.1%
Source: Zillow Rentals Report a problem
10/23/2023	Contingent	$139,999$76/sqft
Source: NYSAMLSs #R1500285 Report a problem
10/2/2023	Listed for sale	$139,999+47.4%$76/sqft
Source: NYSAMLSs #R1500285 Report a problem
5/22/2020	Sold	$95,000-10.3%$52/sqft
Source: NYSAMLSs #S1247865 Report a problem
3/11/2020	Pending sale	$105,900$58/sqft
Source: Heritage Realty of Central New York #S1247865 Report a problem
1/24/2020	Listed for sale	$105,900+60.5%$58/sqft
Source: Heritage Realty of Central New York #S1247865 Report a problem
11/11/2019	Listing removed	$575
Source: Owner Report a problem
10/11/2019	Listed for rent	$575
Source: Owner Report a problem
11/13/2007	Sold	$66,000$36/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$125,000
2024	--	$125,000 +56.3%
2023	--	$80,000
2022	--	$80,000
2021	--	$80,000 +17.3%
2020	--	$68,200
2019	--	$68,200
2018	--	$68,200
2017	$3,610	$68,200
2016	--	$68,200
2015	--	$68,200
2014	--	$68,200
2013	--	$68,200
2012	--	$68,200
2011	--	$68,200
2010	--	$68,200
2009	--	$68,200
2008	--	$68,200 +10.9%
2007	--	$61,500
2006	--	$61,500
2005	--	$61,500
2004	--	$61,500
2003	--	$61,500
2002	--	$61,500
2001	--	$61,500
2000	--	$61,500