NY
Cortland
Cortland
13045
24-26 South Avenue
24-26 South Avenue, Cortland, NY 13045
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Listing Type
Multi Family
Listing Status
active
26
$375,000

Home Details for 24-26 South Avenue

Price
$375,000
Type
Residential Income
Bedrooms
15
Bathrooms
Square feet
7392
Year built
1870
County
Cortland
Garage
6
Days on site
230
MLS Listing#
331607
Property Description

Cash-Flowing 4-Unit Investment! Instant income with 15 bedrooms, 4 bathrooms, and over $5,000/month gross rent (13% cap). All 4 units are recently renovated with new water heaters and more upgrades. Features a large parking lot and sits in a high-demand rental market. Perfect mix of turnkey cash flow and value-add potential! Package option: 16 S Ave, Cortland (duplex) and 35–37 Clinton St, Homer (triplex). Combined gross income of $10,500/month with an asking price of $785,000, reflecting a 12% cap rate. Financial Snapshot (from seller pro-forma) Current Gross Rent: $5,180/mo ($62,160/yr) Market Gross Rent: $5,480/mo ($65,760/yr) Annual Expenses: $13,501 Taxes $4,353 • Insurance $1,274 • Repairs $4,426 • Maintenance $1,360 • Utilities $1,213 • Management $875 Current NOI: $48,659/yr ? 13% cap at list Pro-Forma NOI (at market rents): ˜ $52,259/yr ? 14% cap at list

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Property Features
  • Parking
    • None
    • Other
    • See Remarks
  • Cooling Information
    • None
    • Other
  • Heating Information
    • Forced Air
  • Water Features
    • Public
School Information
School Information for 24-26 South Avenue, Cortland, NY 13045
Elementary School
Barry, F E Smith, Randall
Middle School
N/A
High School
N/A
Listing Courtesy: YAMAN REAL ESTATE - 607-692-3665
Listing information provided in part by the Greater Binghamton Association of REALTORS®, Inc. MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright ©2026 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Great Binghamton AOR.
EXIT REALTY FRONT AND CENTER
1155 Front Street, Binghamton, NY 13905
Kregg Smith
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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