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Property at 52 Prospect, Cortland, NY 13045
ACTIVE
0
$1,795,000

52 ProspectCortland, NY, 13045

31 Beds8 Baths10,336 SqFt0.4854 Acres
Welcome to 52 Prospect Terrace, a rare investment opportunity located directly across the street from SUNY Cortland. This high-density student housing asset consists of four rental units totaling 31 bedrooms and 8 bathrooms, offering exceptional income-producing potential in one of the area's most desirable student housing locations. The property features four spacious units configured as follows: one 5-bedroom, 2-bath unit; one 8-bedroom, 2-bath unit; one 10-bedroom, 3-bath unit; and one 8-bedroom, 2-bath unit. The group leasing structure has proven highly effective, supporting strong occupancy and consistent rental demand year after year. Positioned just a 30-second walk from campus, students enjoy unparalleled convenience, making this one of the premier off-campus housing options available. Its unmatched location directly adjacent to SUNY Cortland has contributed to a long and successful operating history with reliable rental income and steady tenant demand. The asset offers investors a unique opportunity to acquire a large-scale student housing property in a market with limited comparable inventory and significant barriers to new development. Combining exceptional scale, a premier location, and a proven rental history, 52 Prospect Terrace stands out as one of the most compelling student housing investment opportunities available in the SUNY Cortland market. Whether expanding an existing portfolio or acquiring a flagship income-producing asset, this property delivers the stability, demand, and long-term investment potential sought by today's investors.
1 / 34

Est. Monthly

$8,508/MO

$1,795,000

52 Prospect, Cortland, NY

31 Beds8 Baths10,336 SqFt0.4854 Acres

Welcome to 52 Prospect Terrace, a rare investment opportunity located directly across the street from SUNY Cortland. This high-density student housing asset consists of four rental units totaling 31 bedrooms and 8 bathrooms, offering exceptional income-producing potential in one of the area's most desirable student housing locations. The property features four spacious units configured as follows: one 5-bedroom, 2-bath unit; one 8-bedroom, 2-bath unit; one 10-bedroom, 3-bath unit; and one 8-bedroom, 2-bath unit. The group leasing structure has proven highly effective, supporting strong occupancy and consistent rental demand year after year. Positioned just a 30-second walk from campus, students enjoy unparalleled convenience, making this one of the premier off-campus housing options available. Its unmatched location directly adjacent to SUNY Cortland has contributed to a long and successful operating history with reliable rental income and steady tenant demand. The asset offers investors a unique opportunity to acquire a large-scale student housing property in a market with limited comparable inventory and significant barriers to new development. Combining exceptional scale, a premier location, and a proven rental history, 52 Prospect Terrace stands out as one of the most compelling student housing investment opportunities available in the SUNY Cortland market. Whether expanding an existing portfolio or acquiring a flagship income-producing asset, this property delivers the stability, demand, and long-term investment potential sought by today's investors.

StatusActive
Property TypeResidential
Property SubtypeMulti Family
Year Built1930
Days on Market5 days

Est. Monthly Payment

$8,508.25

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

52 Prospect

Cortland, NY 13045 • Cortland
31
Beds
8
Baths
10,336
SqFt
0.4854
Acres
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Year Built
193096 years ago
Days on Market
5 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $28,200
Property History
  • Listed for sale
    Jun 17, 2026 • NYSAMLS • S1691033
    $1,795,000
Mortgage Calculator
Estimated monthly payment for this property
$8,508.25
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    S1691033
  • Listing Office
    Hage Real Estate
  • Last Updated
    9 hours ago

Appliances

  • Appliances
    Electric Water Heater

Climate & Systems

  • Heating
    • Electric
    • Gas
    • Baseboard
    • Radiators

Interior Features

  • Flooring
    • Hardwood
    • Luxury Vinyl
    • Varies
  • Basement
    Full

Parking

  • Parking Features
    • Garage
    • Parking Available
  • Garage Spaces
    2

Lot & Grounds

  • Lot Size
    0.4854 acres
  • Lot Features
    • Rectangular
    • Rectangular Lot

Type

  • Property Type
    Residential
  • Property Subtype
    Multi Family
  • Architectural Style
    Fourplex

Structure

  • Construction
    Vinyl Siding

Condition

  • Year Built
    1930
  • Condition
    Resale
  • Days on Market
    5 days
  • Water
    Connected
  • Sewer
    Connected
  • Utilities
    • Sewer Connected
    • Water Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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