$135,000

16 South Ave Cortland, NY 13045

Estimated payment $975/month

Total Views 15,093
4 Beds
2 Baths
1,940 Sq Ft
$70 Price per Sq Ft

Highlights

  • Deck
  • Covered Patio or Porch
  • Forced Air Heating System
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

Dual-unit duplex just steps from SUNY Cortland and downtown—an ideal rental property or starter portfolio asset. The home features 2?BR/1?BA and 3?BR/1?BA units, both fully rented with separately metered utilities and landlord-covered water/sewer. Recently updated heating and low-maintenance systems help streamline operations. Shared driveway provides adequate parking. Priced at $135,000 with a strong 13.3% cap rate and immediate cash flow. Can be sold individually—or bundled with 24–26 South Ave and 35 Clinton St for investors seeking scale and diversification.

Listing Agent

Eddy Pezzino

YAMAN REAL ESTATE License #10401377172 Listed on: 06/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,885

Year Built

  • Built in 1890

Parking

  • 2 Car Attached Garage

Home Design

  • 1,940 Sq Ft Home
  • Duplex
  • Aluminum Siding
  • Metal Siding
  • Steel Siding

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Barry Elementary School

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 110200-086-082-0001-040-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $673
  • Maintenance Expense $2,405
  • Net Operating Income $17,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,885

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 7749
  • Professional Management Expense: 1257.0
  • Ownership: OWNER
  • Directions: From downtown Cortland, head west on Main Street (NY-13) toward South Avenue. Turn left onto South Avenue and continue approximately 0.2 miles, the duplex is on the left side, just past the intersection with Clinton Street.
  • Above Grade Finished Sq Ft: 1940.0
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Structure Type: Duplex
  • Year Built: 1890
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial
  • Appliances: Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Carpet, Hardwood, Laminate, Other, See Remarks
  • Living Area: 1940.0

Exterior Features

  • Lot Features: Other, See Remarks
  • Construction Type: Aluminum Siding, Metal Siding, Other, Steel
  • Exterior Features: Deck
  • Foundation Details: Other, See Remarks
  • Patio And Porch Features: Covered, Deck

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage

Utilities

  • Cooling: Other, See Remarks
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Barry, F E Smith, Randall
  • Junior High Dist: Cortland

Lot Info

  • Parcel #: 110200-086-082-0001-040-000-0000
  • Zoning Description: 05
  • Zoning: 05

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 673.0
  • Maintenance Expense: 2405.0
  • Property Net Operating Income: 17921.0
  • Total Actual Rent: 25140.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Tax Info

  • Tax Annual Amount: 2885.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,909 $75,000 $15,400 $59,600
2023 $3,057 $53,100 $10,800 $42,300
2022 $2,987 $53,100 $10,800 $42,300
2021 $3,012 $53,100 $10,800 $42,300
2020 $2,888 $53,100 $10,800 $42,300
2019 $1,863 $53,100 $10,800 $42,300
2018 $2,898 $53,100 $10,800 $42,300
2017 $2,861 $53,100 $10,800 $42,300
2016 $2,775 $53,100 $10,800 $42,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $135,000 -25.0% $70 / Sq Ft
02/13/2023 02/13/23 Sold $180,000 +177.3% $93 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $64,900 -- $33 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,000 New Conventional
Source: Public Records

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Source: Greater Binghamton Association of REALTORS®

MLS Number: 331608

APN: 110200-086-082-0001-040-000-0000

New York Cortland County Cortland 13045

16 South Ave, Cortland, NY

This home is located at 16 South Ave, Cortland, NY 13045 and is currently priced at $135,000, approximately $69 per square foot. This property was built in 1890. 16 South Ave is a home located in Cortland County with nearby schools including Franklyn S. Barry School, Cortland Junior/Senior High School, and St. Mary's School.

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Eddy Pezzino
Listing Agent
Eddy Pezzino
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YAMAN REAL ESTATE
(607) 372-3214