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.
Active
$314,900
19 Water St, Cortland, NY 13045
9beds
2,370sqft
Multi Family
Built in 1880
-- sqft lot
$300,300 Zestimate®
$133/sqft
$-- HOA
What's special
- 75 days |
- 170 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
The Real Estate Agency 315-604-0718,
Matthew Chalanick 315-604-0718
Source: NYSAMLSs,MLS#: S1679899
Originating MLS: Syracuse
Originating MLS: SyracuseFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Tile, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,370
- Total interior livable area: 2,370 sqft
Video & virtual tour
Property
Parking
- Parking features: Gravel, Two or More Spaces
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,944 Square Feet
- Dimensions: 57 x 86
- Features: Corner Lot, Rectangular, Rectangular Lot
Details
- Parcel number: 11020008608000020440000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
Condition
- Resale
- Year built: 1880
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Cortland
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $230,000
- Annual tax amount: $8,199
- Date on market: 5/7/2026
- Cumulative days on market: 77 days
- Listing terms: Cash
Estimated market value
$300,300
$285,000 - $315,000
$2,336/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $314,900$133/sqft |
Source:  NYSAMLSs #S1679899 Report a problem | ||
| 4/1/2026 | Listing removed | $314,900$133/sqft |
Source: NYSAMLSs #S1614476 Report a problem | ||
| 3/11/2026 | Price change | $314,900-5.4%$133/sqft |
Source: NYSAMLSs #S1614476 Report a problem | ||
| 8/5/2025 | Price change | $332,900-7.5%$140/sqft |
Source: NYSAMLSs #S1614476 Report a problem | ||
| 6/18/2025 | Listed for sale | $359,900-73%$152/sqft |
Source: NYSAMLSs #S1614476 Report a problem | ||
| 6/9/2023 | Listing removed | -- |
Source: NYSAMLSs #S1447518 Report a problem | ||
| 2/2/2023 | Listed for sale | $1,334,000+975.8%$563/sqft |
Source: NYSAMLSs #S1447518 Report a problem | ||
| 4/14/1999 | Sold | $124,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $230,000 |
| 2024 | -- | $230,000 +30.7% |
| 2023 | -- | $176,000 |
| 2022 | -- | $176,000 |
| 2021 | -- | $176,000 |
| 2020 | -- | $176,000 |
| 2019 | -- | $176,000 |
| 2018 | -- | $176,000 |
| 2017 | $8,878 | $176,000 |
| 2016 | -- | $176,000 |
| 2015 | -- | $176,000 |
| 2014 | -- | $176,000 |
| 2013 | -- | $176,000 +10% |
| 2012 | -- | $160,000 |
| 2011 | -- | $160,000 +23.1% |
| 2010 | -- | $130,000 |
| 2009 | -- | $130,000 |
| 2008 | -- | $130,000 +52.9% |
| 2007 | -- | $85,000 |
| 2006 | -- | $85,000 |
| 2005 | -- | $85,000 |
| 2004 | -- | $85,000 |
| 2003 | -- | $85,000 |
| 2002 | -- | $85,000 |
| 2001 | -- | $85,000 |
| 2000 | -- | $85,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 13045
Nearby schools
GreatSchools rating
- NAFranklyn S Barry SchoolGrades: PK-2Distance: 0.3 mi
- 3/10Cortland Junior High SchoolGrades: 7-8Distance: 0.9 mi
- 7/10Cortland Junior Senior High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Cortland
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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