Active

$314,900

19 Water St, Cortland, NY 13045

9beds

2,370sqft

Multi Family

Built in 1880

-- sqft lot

$301,900 Zestimate^®

$133/sqft

$-- HOA

What's special

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.

187 days
158
5

Facts & 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: 188 days
Listing terms: Cash

Estimated market value

$301,900

$287,000 - $317,000

$1,204/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	Listed for sale	$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