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  • $1,795,000

    52 Prospect Ter, Cortland, NY 13045

    31beds
    10,336sqft
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    Quadruplex, Multi Family
    Built in 1930
    -- sqft lot
    $1,709,400 Zestimate®
    $174/sqft
    $-- HOA

    What's special

    Four spacious units
    Welcome to 52 Prospect Terrace, a rare investment opportunity located directly across the street from SUNY Cortland. This high-density student housing asset consists of four rental units totaling 31 bedrooms and 8 bathrooms, offering exceptional income-producing potential in one of the area's most desirable student housing locations. The property features four spacious units configured as follows: one 5-bedroom, 2-bath unit; one 8-bedroom, 2-bath unit; one 10-bedroom, 3-bath unit; and one 8-bedroom, 2-bath unit. The group leasing structure has proven highly effective, supporting strong occupancy and consistent rental demand year after year. Positioned just a 30-second walk from campus, students enjoy unparalleled convenience, making this one of the premier off-campus housing options available. Its unmatched location directly adjacent to SUNY Cortland has contributed to a long and successful operating history with reliable rental income and steady tenant demand. The asset offers investors a unique opportunity to acquire a large-scale student housing property in a market with limited comparable inventory and significant barriers to new development. Combining exceptional scale, a premier location, and a proven rental history, 52 Prospect Terrace stands out as one of the most compelling student housing investment opportunities available in the SUNY Cortland market. Whether expanding an existing portfolio or acquiring a flagship income-producing asset, this property delivers the stability, demand, and long-term investment potential sought by today's investors.
    21 days
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    424
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    17
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    Zillow last checked:

    Listing updated:

    Listed by:

    Hage Real Estate 607-753-6766,

    Jason Hage 607.283.6200

    Source: NYSAMLSs,MLS#: S1691033MLS LogoOriginating MLS: Cortland

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 31
      • Bathrooms: 8
      • Full bathrooms: 8
      Heating
      • Electric, Gas, Baseboard, Radiator(s)
      Appliances
      • Included: Electric Water Heater
      Features
      • Flooring: Hardwood, Luxury Vinyl, Varies
      • Basement: Full
      • Number of fireplaces: 1
      • Furnished: Yes
      Interior area
      • Total structure area: 10,336
      • Total interior livable area: 10,336 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Parking Available
      • Garage spaces: 2
      Features
      • Stories: 4
      Lot
      • Size: 0.49 Acres
      • Dimensions: 163 x 129
      • Features: Rectangular, Rectangular Lot
      Details
      • Parcel number: 11020008606500010150000000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Fourplex
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Vinyl Siding
      Condition
      • Resale
      • Year built: 1930

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Palmer
      Location
      • Region: Cortland

      Financial & listing details

      • Price per square foot: $174/sqft
      • Tax assessed value: $750,000
      • Annual tax amount: $28,200
      • Date on market: 6/17/2026
      • Cumulative days on market: 22 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $1,709,400

        $1.61M - $1.79M

        $1,572/mo

        Price history

        DateEventPrice
        6/21/2026Listed for sale$1,795,000$174/sqft
        Source: NYSAMLSs #S1691033 Report a problem
        3/1/2021Listing removed--
        Source: Owner Report a problem
        10/16/2020Listing removed$3,200
        Source: Owner Report a problem
        10/9/2020Listed for rent$3,200
        Source: Owner Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 13045

        Getting around

        70 / 100
        Somewhat Walkable
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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