$268,900
$51K PRICE DROP

96 Groton Ave Cortland, NY 13045

Estimated payment $2,000/month

Total Views 18,651
8 Beds
2 Baths
3,471 Sq Ft
$77 Price per Sq Ft

Highlights

  • Wood Flooring
  • Rectangular Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

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.

Listing Agent

Kirsten Casterline

Listing by The Real Estate Agency License #10401389867 Listed on: 06/18/2025

The Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,417

Year Built

  • Built in 1972

Lot Details

  • 7,574 Sq Ft Lot
  • Lot Dimensions are 46x163
  • Rectangular Lot

Home Design

  • Wood Siding

Interior Spaces

  • 3,471 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Available
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 110200-086-049-0004-043-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,417

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: All Utilities
  • Year Built: 1972
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Hardwood, Varies, Vinyl
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 8
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.1739
  • Waterfront: No
  • Construction Type: Attic/Crawl Hatchway(s) Insulated, Wood Siding

Garage/Parking

  • Parking Features: Paved, Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Cortland

Lot Info

  • Parcel Number: 110200-086-049-0004-043-000-0000
  • Lot Dimensions: 46X163
  • Lot Size Sq Ft: 7574.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 6417.0
  • Tax Lot: 43

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 $4,145 $180,000 $29,200 $150,800
2023 $7,856 $140,800 $21,300 $119,500
2022 $7,632 $140,800 $21,300 $119,500
2021 $7,700 $140,800 $21,300 $119,500
2020 $7,382 $140,800 $21,300 $119,500
2019 $4,666 $140,800 $21,300 $119,500
2018 $7,410 $140,800 $21,300 $119,500
2017 $7,332 $140,800 $21,300 $119,500
2016 $7,144 $140,800 $21,300 $119,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $268,900 -15.9% $77 / Sq Ft
06/18/2025 06/18/25 For Sale $319,900 -- $92 / Sq Ft
Source: Central New York Information Services

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,520,000 Commercial
Source: Public Records

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Source: Central New York Information Services

MLS Number: S1614470

Central New York Information Services

APN: 110200-086-049-0004-043-000-0000