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36 Beds
0 Baths
12,500 sqft

$1,795,000

211 Tompkins Street, Cortland NY, 13045

Price per sqft$143.60
Built in1994
Property size12,500 sqft
Property typeOther

Overview

Active

Listed Aug 25, 2026

Updated 3 weeks ago

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, profit-and-loss statement and leases available upon request. Do not disturb tenants - showings by appointment through the listing broker.

$11,942/mo

Est. mortgage payment based on a $1,795,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
S1702937

Interior Features

Bedrooms
36
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.66 Acres

Other Property Details

Taxes
$27,093
Tax Frequency
Annually
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Courtesy of Real Broker NY LLC, Matt Mastrangelo

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Johan Dulfer, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 4:39 PM UTC, 8/27/2026

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