Active
52 Prospect, Cortland NY 13045
MLS# S1691033
$1,795,000
Price
31
Beds
8
Baths
10,336
Living Area (Sq.Ft.)
0.485
Lot Area (Acres)
$1,795,000
Price
31
Beds
8
Baths
10,336
Living Area (Sq.Ft.)
0.485
Lot Area (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.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1930
Parcel Number
110200-086-065-0001-015-000-0000
Unit Number
--
Subdivision Name
Palmer
Lot Features
Rectangular, Rectangular Lot
Building Area Source
PublicRecords
Lot Size Dimensions
163X129
Stories
4
Bath Rooms Full
8
Property Condition
Resale
Elementary School District
Cortland
Middle Or Junior School District
Cortland
High School District
Cortland
Location
Listing Agent
Jason Hage
Listing Office
Hage Real Estate
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-17
Owner Pays
All Utilities, Grounds Care, Snow Removal
Rent Includes
All Utilities, Gardener, Snow Removal
Fire Places Total
1
Flooring
Hardwood, Luxury Vinyl, Varies
Fire Place
true
Heating
true
Heating Features
Electric, Gas, Baseboard, Radiators
Appliances
Electric Water Heater
Garage
true
Garage Spaces
2
Architectural Style
Fourplex
Water Source
Connected, Public
Sewer
Connected
Utilities
Sewer Connected, Water Connected
Parking Features
Garage, Parking Available
Basement
Full
Construction Materials
Vinyl Siding
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.