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51 South Avenue Cortland, NY $ 154,900
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$ 154,900 Get more info
51 South Avenue
$ 154,900
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51 South Avenue

Cortland, NY, 13045
$ 154,900
Bedrooms6 Baths2.0 Sq 2,455

Monthly Estimate*

$ 966

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Multi-Family Home for sale in Cortland, NY

for $154,900 with 6 bedrooms and 2 full baths. This 2,455 square foot home was built in 1900 on a lot size of 0.0905.

Investor’s dream or perfect addition to your portfolio! Pictures are pre-tenants moving in to protect their privacy. This two-unit property is fully rented and generating steady income — Unit 1 at $900/month and Unit 2 at $875/month, plus tenant-pay utilities. Each apartment offers spacious layouts, bright living areas, and functional kitchens and baths. Separate entrances and utilities provide easy management and privacy for tenants. Conveniently located in the City of Cortland, close to SUNY Cortland, downtown shops, and local bus routes. With reliable long-term tenants already in place, this is a turnkey opportunity, a solid property in a high-demand rental area — come see why this South Ave duplex stands out as a smart, stable investment!

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Multi-Family Contingent

Price

$ 154,900

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,373

Style

Duplex

Lot Size

0.0905

Year Built

1900

Town/City

Cortland

County/Region

Cortland

MLS | Web ID

S1642913
Features
Interior
Interior Amenities Attic
Basement Full
Flooring Hardwood Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 6
Main Level Bathrooms 0
Total Baths 2
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General
Sewer Connected
Heating Gas ForcedAir
Utilities CableAvailable HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Shingle
Appliances SeeRemarks WaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony
Architectural Style Duplex
Construction Materials Other SeeRemarks
School District Cortland
Year Built 1900
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
County Cortland
Property Type Residential
Subdivision Name Wayne L & Noreen Parrell-
Rent Includes CommonAreaMaintenance Gardener SnowRemoval Water
Full Baths 2
Status ActiveUnderContract
Directions owego to south ave - home on right
City Cortland
Senior Community Y/N No
High School District Cortland
Number Of Units Total 2
MLS Area Cortland-110200
Lot Size Units Acres
Lot Size Square Feet 3944.0
Year Built Details Existing
Tax Annual Amount 5373.0
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1642913 https://www.propertypanorama.com/instaview-tour/syr/S1642913
Standard Status ActiveUnderContract
Middle/Junior School District Cortland
Elementary School District Cortland
Tax Assessed Value 150000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 11
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Exterior
Exterior Amenities Balcony
Parking Features Common TwoOrMoreSpaces
Lot Features Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0905
Foundation Details Stone
Building Area Total 2455.0
Lot Dimensions 43X89
Lot Size Acres 0.0905
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
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Internal Only
Street Number 1 51
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* Excluded Features
List By
Berkshire Hathaway Homeservices Heritage Realty

Broker

(607) 261-0439

Phone

Affordability Calculator

$1,414
Per Month
68%
32%
0%
Monthly Principal & Interest
$966
Monthly Property Taxes
$448
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3038306 Elementary School
3038340 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/6/2025$154,900 Listed Price

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51 South Avenue, Cortland, NY, 13045 is a Multi-Family Home for sale at $154,900 with 2,455 sqft and a lot size of 0.0905. 51 South Avenue has 6 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 13045 which is in Cortland, NY

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