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211 Tompkins Street, Cortland, NY 13045

Cortland
Local realty services provided by:CENTURY 21 Turner Brokers
211 Tompkins Street,Cortland, NY 13045
$1,795,000
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  • 36 Beds
  • - Baths
  • 12,500 sq. ft.
  • Multi-family
  • Active
Listed by: matt mastrangelo
Office: real broker ny llc.
MLS#:S1702937
Source:NY_GENRIS

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$143.6

About this home

Rare 13-unit apartment investment in Cortland, built 1994 - the newest multifamily property of scale in a market dominated by 1870s-1930s stock. That vintage advantage shows up directly in maintenance cost, financeability and per-unit positioning in a tight-credit tertiary market. Verified contract rent of $180,300 per year against verified operating expenses of $53,551 per year produces $126,749 of net operating income - a 7.06% capitalization rate at the $1,795,000 asking price, or roughly $143.60 per square foot and close to$138,000 per unit. Thirteen units in one building, 12,500 square feet on a 28,750 square foot (0.66-acre) city parcel with 89 feet of frontage, 20 off-street parking spaces and two stories. The property sits in the SUNY Cortland rental belt - roughly 6,600 students - minutes from campus, downtown Cortland and Interstate 81, with additional demand from downtown employers. Pricing is anchored to documented evidence rather than aspiration. Rent roll,...

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Home facts

  • Year built:1994
  • Listing ID #:S1702937
  • Added:58 day(s) ago
  • Updated:October 23, 2026 at 03:18 PM

Rooms and interior

  • Bedrooms:36
  • Basement:Yes
  • Basement Description:Partial
  • Living area:12,500 sq. ft.

Structure and exterior

  • Year built:1994
  • Building area:12,500 sq. ft.
  • Lot area:0.66 Acres
  • Lot Features:Rectangular
  • Levels:2 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$143.6
  • Tax amount:$27,093

Parking

  • Parking description:Driveway, No Garage

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