This Cortland, NY multi-family property offers a lucrative investment opportunity. Comprising three units, this well-maintained property blends historic 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.
Closed
$188,000
56 Owego St, Cortland, NY 13045
9beds
3,164sqft
Multi Family
Built in 1890
-- sqft lot
$220,700 Zestimate®
$59/sqft
$2,402 Estimated rent
Home value
$220,700
$188,000 - $252,000
$2,402/mo
Zestimate® history
Owner options
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$1,210/mo
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Separate utility meters
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Cree 607-428-0708,
Berkshire Hathaway HomeServices Heritage Realty
Bought with:
John Constantino, 10491211659
Constantino Realty Group
Source: NYSAMLSs,MLS#: R1500166
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Laminate, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,164
- Total interior livable area: 3,164 sqft
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.3 Acres
- Dimensions: 74 x 176
- Features: Residential Lot
Details
- Parcel number: 11020008608100020160000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Steel Siding, Vinyl Siding
Condition
- Resale
- Year built: 1890
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: $59/sqft
- Tax assessed value: $98,000
- Annual tax amount: $5,135
- Date on market: 10/2/2023
- Cumulative days on market: 35 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2023 | Sold | $188,000-3.6%$59/sqft |
Source:  NYSAMLSs #R1500166 Report a problem | ||
| 11/7/2023 | Pending sale | $195,000$62/sqft |
Source:  ITMLS #R1500166 Report a problem | ||
| 10/2/2023 | Listed for sale | $195,000+50.1%$62/sqft |
Source: NYSAMLSs #R1500166 Report a problem | ||
| 9/4/2019 | Listing removed | $129,900$41/sqft |
Source: Seven Valley Realty, Inc. #316405 Report a problem | ||
| 8/28/2019 | Listed for sale | $129,900+23.7%$41/sqft |
Source: Seven Valley Realty, Inc. #316405 Report a problem | ||
| 8/27/2019 | Sold | $105,000-19.2%$33/sqft |
Source: NYSAMLSs #IB316405 Report a problem | ||
| 4/24/2019 | Pending sale | $129,900$41/sqft |
Source: Seven Valley Realty, Inc. #S1182331 Report a problem | ||
| 9/9/2017 | Listed for sale | $129,900+11%$41/sqft |
Source: SEVEN VALLEY REALTY, INC. #311353 Report a problem | ||
| 3/2/2017 | Listing removed | $117,000$37/sqft |
Source: Seven Valley Realty, Inc. #S343131 Report a problem | ||
| 2/20/2017 | Listed for sale | $117,000$37/sqft |
Source: Seven Valley Realty, Inc. #S343131 Report a problem | ||
| 2/9/2017 | Pending sale | $117,000$37/sqft |
Source: Seven Valley Realty, Inc. #S343131 Report a problem | ||
| 11/12/2016 | Listed for sale | $117,000$37/sqft |
Source: SEVEN VALLEY REALTY, INC. #303906 Report a problem | ||
| 11/12/2016 | Pending sale | $117,000-9.9%$37/sqft |
Source: SEVEN VALLEY REALTY, INC. #303906 Report a problem | ||
| 3/5/2016 | Price change | $129,900-9.1%$41/sqft |
Source: SEVEN VALLEY REALTY, INC. #303906 Report a problem | ||
| 6/26/2015 | Price change | $142,900-4.7%$45/sqft |
Source: Seven Valley Realty, Inc. #S321381 Report a problem | ||
| 12/10/2014 | Price change | $149,900-6.3%$47/sqft |
Source: SEVEN VALLEY REALTY, INC. #142126 Report a problem | ||
| 10/14/2014 | Listed for sale | $159,900+39%$51/sqft |
Source: SEVEN VALLEY REALTY, INC. #142126 Report a problem | ||
| 9/24/2001 | Sold | $115,000+9.6%$36/sqft |
Source: Public Record Report a problem | ||
| 9/14/1999 | Sold | $104,940$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $190,000 |
| 2024 | -- | $190,000 +93.9% |
| 2023 | -- | $98,000 |
| 2022 | -- | $98,000 |
| 2021 | -- | $98,000 |
| 2020 | -- | $98,000 -18.3% |
| 2019 | -- | $120,000 |
| 2018 | -- | $120,000 |
| 2017 | $6,336 | $120,000 |
| 2016 | -- | $120,000 |
| 2015 | -- | $120,000 |
| 2014 | -- | $120,000 |
| 2013 | -- | $120,000 |
| 2012 | -- | $120,000 |
| 2011 | -- | $120,000 |
| 2010 | -- | $120,000 |
| 2009 | -- | $120,000 |
| 2008 | -- | $120,000 +20% |
| 2007 | -- | $100,000 |
| 2006 | -- | $100,000 |
| 2005 | -- | $100,000 |
| 2004 | -- | $100,000 |
| 2003 | -- | $100,000 |
| 2002 | -- | $100,000 +11.1% |
| 2001 | -- | $90,000 |
| 2000 | -- | $90,000 |
Find assessor info on the county website
Neighborhood: 13045
Nearby homes
- $155,5004 bd3 ba1.7k sqft58 Owego St, Cortland, NY 13045Off Market
- $161,6004 bd1 ba1.4k sqft60 Owego St, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #7, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #14A, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #14B, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #17, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #27, Cortland, NY 13045Off Market
- $--2 bd1 ba-- sqft50 Owego St #3, Cortland, NY 13045Off Market
Nearby schools
GreatSchools rating
- NAFranklyn S Barry SchoolGrades: PK-2Distance: 0.4 mi
- 3/10Cortland Junior High SchoolGrades: 7-8Distance: 0.6 mi
- 7/10Cortland Junior Senior High SchoolGrades: 9-12Distance: 0.6 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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- New York
- Cortland County
- Cortland
- 13045
- 56 Owego St
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