Investment Opportunity: Student Housing Near SUNY Cortland with Significant Upside Potential! Unlock the lucrative world of student rentals with this exceptional property located just moments from SUNY Cortland! This offering presents a rare chance for savvy investors to acquire a well-situated student housing asset with considerable room for value appreciation and increased cash flow. The Cortland student housing market is consistently strong, driven by SUNY Cortland's robust enrollment. While the university is planning a new residence hall for 2026-2028, it aims to replace existing West Campus apartments, not significantly increase overall on-campus capacity. This maintains a healthy demand for off-campus housing and ensures a steady tenant pool for well-managed properties. This property is walking distance to campus and in a well sought out area for off-campus living. Don't miss this opportunity to capitalize on the steady demand of the SUNY Cortland student rental market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a high-potential income property, this offering is poised for significant returns. Listing Broker has an ownership interest.
Active
Price cut: $25K (6/12)
$399,900
31 Clayton Ave, Cortland, NY 13045
12beds
2,652sqft
Multi Family
Built in 1900
-- sqft lot
$372,700 Zestimate®
$151/sqft
$-- HOA
What's special
- 74 days |
- 244 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
The Real Estate Agency 315-604-0718,
Matthew Chalanick 315-604-0718
Source: NYSAMLSs,MLS#: S1686878
Originating MLS: Syracuse
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Tile, Varies, Vinyl
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,652
- Total interior livable area: 2,652 sqft
Video & virtual tour
Property
Parking
- Parking features: Paved, Two or More Spaces
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,091 Square Feet
- Dimensions: 60 x 118
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 11020008606600010020000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- Resale
- Year built: 1900
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: $151/sqft
- Tax assessed value: $235,000
- Annual tax amount: $249,326
- Date on market: 6/2/2026
- Listing terms: Cash,Conventional
Estimated market value
Zestimate®
$372,700
Estimated sales range
$354,000 - $391,000
Rent Zestimate®
$1,402/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $399,900-5.9%$151/sqft |
Source: | ||
| 6/2/2026 | Price change | $424,900-4.5%$160/sqft |
Source: | ||
| 3/18/2026 | Pending sale | $444,900$168/sqft |
Source: | ||
| 11/21/2025 | Listed for sale | $444,900-69.8%$168/sqft |
Source: | ||
| 7/25/2023 | Listing removed | -- |
Source: | ||
| 2/2/2023 | Listed for sale | $1,472,000+390.8%$555/sqft |
Source: | ||
| 11/13/2010 | Listing removed | $299,900$113/sqft |
Source: Warren Real Estate Report a problem | ||
| 7/29/2010 | Listed for sale | $299,900-2%$113/sqft |
Source: Systems Engineering, Inc. #132135 Report a problem | ||
| 12/21/2006 | Sold | $306,000+118.6%$115/sqft |
Source: Public Record Report a problem | ||
| 7/14/1999 | Sold | $140,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $235,000 |
| 2024 | -- | $235,000 +11.3% |
| 2023 | -- | $211,200 |
| 2022 | -- | $211,200 |
| 2021 | -- | $211,200 |
| 2020 | -- | $211,200 |
| 2019 | -- | $211,200 |
| 2018 | -- | $211,200 |
| 2017 | $10,761 | $211,200 |
| 2016 | -- | $211,200 |
| 2015 | -- | $211,200 |
| 2014 | -- | $211,200 |
| 2013 | -- | $211,200 |
| 2012 | -- | $211,200 |
| 2011 | -- | $211,200 -8.7% |
| 2010 | -- | $231,400 |
| 2009 | -- | $231,400 |
| 2008 | -- | $231,400 +54.3% |
| 2007 | -- | $150,000 +26.1% |
| 2006 | -- | $119,000 |
| 2005 | -- | $119,000 |
| 2004 | -- | $119,000 |
| 2003 | -- | $119,000 |
| 2002 | -- | $119,000 |
| 2001 | -- | $119,000 |
| 2000 | -- | $119,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 13045
Nearby schools
GreatSchools rating
- 4/10Randall SchoolGrades: 5-6Distance: 0.5 mi
- 3/10Cortland Junior High SchoolGrades: 7-8Distance: 0.8 mi
- 7/10Cortland Junior Senior High SchoolGrades: 9-12Distance: 0.8 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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