211 Tompkins Street
Cortland, NY 13045
36
Bed
0
Bath
12,500Sqft
0.66Acre(Lot)
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 -
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 36Room Information
Has Basement: Yes Basement: Partial -
Flooring Information
Other, See Remarks -
Roofing Information
Other, See Remarks -
Interior Features
Roof: Other, See Remarks Appliances: Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Other, See Remarks Has Cooling: Yes Cooling: Other
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Building Information
Year Built: 1994 Building Area Total: 12500 Construction Materials: Other, See Remarks Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 89X344 Main Square Feet: 0.66 Acres Lot Size Acres: 0.66 Lot Size Square Feet: 28750 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $1795000 Cash
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Tax Information
Parcel Number: 110200-096-024-0002-001-000-0000 Tax Lot: 1 Annual Tax: $27093
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Parking Information
Driveway, No Garage
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Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Located on Tompkins Street in the City of Cortland, minutes from the SUNY Cortland campus and downtown Cortland. 211 Tompkins St, Cortland, NY 13045. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2090 Parks Road, Cortland, NY, 13045 | $239,000 | 3 | 2 | 1,406 | 1,406 SqFt |
| 37 Sunnyfield Drive, Cortland, NY, 13045 | $196,000 | 3 | 1 | 1,289 | 1,289 SqFt |
| 11 Cherry Lane, Cortland, NY, 13045 | $229,900 | 3 | 1 | 1,269 | 1,269 SqFt |
| 86 Port Watson Street, Cortland, NY, 13045 | $275,000 | 6 | 3 | 2,968 | 2,968 SqFt |
| 9 Venette Street, Cortland, NY, 13045 | $159,900 | 4 | 2 | 1,344 | 1,344 SqFt |
| 62 S Church Street, Cortland, NY, 13045 | $429,000 | 4 | 3 | 2,368 | 2,368 SqFt |
| 32 N Church Street, Cortland, NY, 13045 | $249,900 | 4 | 2 | 2,102 | 2,102 SqFt |
| 20 & 20.5 Charles Street, Cortland, NY, 13045 | $229,900 | 2 | -- | 5,652 | 5,652 SqFt |
| 7 Reynolds Avenue, Cortland, NY, 13045 | $395,000 | 6 | 7 | 4,732 | 4,732 SqFt |
| 52 Maple Avenue, Cortland, NY, 13045 | $154,500 | 7 | 3 | 2,160 | 2,160 SqFt |
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ByOwner last updated this listing 08/29/2026 @ 03:47
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