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26 Lincoln Avenue Cortland, NY $ 324,900
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26 Lincoln Avenue
$ 324,900
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26 Lincoln Avenue

Cortland, NY, 13045
$ 324,900
Bedrooms10 Baths4.0 Sq 3,385

Monthly Estimate*

$ 2,000

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Multi-Family Home for sale in Cortland, NY

for $324,900 with 10 bedrooms and 4 full baths. This 3,385 square foot home was built in 1920 on a lot size of 0.1962.

Established 10 Bed Student housing in Cortland, NY. Issued City of Cortland rental permit. Fully furnished and occupied for the 26-27 season with summer rental income included. Gross Income $66275.00 Expenses $25833.00= Net income $40,442.00 includes vacancy allowance. Self managed at a 12.4% cap rate. Potential for higher income with increase in rents. Students have easy walkable access to the Suny Cortland and downtown area. Owner has recently install a new lower roof, new furnace, 2 hot water heaters and a combo laundry unit. Investors reach out to listing person directly to save more dollars!

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Multi-Family Active

Price

$ 324,900

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 11,696

Style

Triplex

Lot Size

0.1962

Year Built

1920

Town/City

Cortland

County/Region

Cortland

MLS | Web ID

S1683352
Features
Interior
Interior Amenities Other SeeRemarks
Basement Full
Flooring Carpet CeramicTile Laminate Varies
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 10
Main Level Bathrooms 0
Total Baths 4
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General
Sewer Connected
Heating Gas ForcedAir
Cooling WindowUnits
Utilities ElectricityConnected SewerConnected WaterConnected
Possession BeforeClosing RentalAgreement
Roof Asphalt Flat Membrane Rubber Shingle
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Open Porch
Architectural Style Triplex
Construction Materials ShakeSiding
School District Cortland
Year Built 1920
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 66275.0
County Cortland
Net Operating Income 28746.0
Operating Expense 25833.0
Property Type Residential
Energy Efficient Hvac
Rent Includes CommonAreaMaintenance SnowRemoval TrashCollection
Full Baths 4
Status Active
Directions North Route 81
High School Cortland Junior-Senior High
City Cortland
Senior Community Y/N No
High School District Cortland
Zoning Description Other - See Remarks
Number Of Units Total 3
MLS Area Cortland-110200
Lot Size Units Acres
Lot Size Square Feet 8546.0
Elementary School Randall
Year Built Details Existing
Tax Annual Amount 11696.0
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1683352 https://www.propertypanorama.com/instaview-tour/syr/S1683352
Standard Status Active
Middle/Junior School District Cortland
Elementary School District Cortland
Tax Assessed Value 305000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 24
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Exterior
Parking Features Paved
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.1962
Foundation Details Block Stone
Building Area Total 3385.0
Lot Dimensions 65X129
Lot Size Acres 0.1962
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 3
Road Frontage Type CityStreet
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Internal Only
Street Number 1 26
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* Excluded Features
List By
Realmart Realty Llc

Broker

(888) 362-6543

Phone

Affordability Calculator

$2,975
Per Month
67%
33%
0%
Monthly Principal & Interest
$2,000
Monthly Property Taxes
$975
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5475807 Elementary School
3038340 Middle School
Cortland Junior-Senior High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/20/2026$324,900 Listed Price

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26 Lincoln Avenue, Cortland, NY, 13045 is a Multi-Family Home for sale at $324,900 with 3,385 sqft and a lot size of 0.1962. 26 Lincoln Avenue has 10 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 13045 which is in Cortland, NY

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