52 Prospect Ter
Cortland, NY 13045
31
Bed
8
Bath
10,336Sqft
0.49Acre(Lot)
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 avai
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 31Bathroom Information
Total Baths: 8 Full Baths: 8Room Information
Has Basement: Yes Basement: Full -
Flooring Information
Hardwood, Varies, Vinyl -
Interior Features
Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Electric, Baseboard
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Building Information
Year Built: 1930 Building Area Total: 10336 Construction Materials: Vinyl Siding Stories: 4 Private Pool: No
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Lot Information
Lot Dimensions: 163X129 Main Square Feet: 0.4854 Acres Lot Size Acres: 0.4854 Lot Size Square Feet: 21142 Lot Description: Rectangular LotProperty Information
Subdivision: Palmer Source Property Type: Residential Property SubType: Multi Family Property Age: 96
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Listing Price Information
Listing Price: $1795000 Cash, Conventional
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Tax Information
Parcel Number: 110200-086-065-0001-015-000-0000 Tax Lot: 15 Annual Tax: $28200
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Virtual Tour
Parking Information
GarageGarage Information
Has Garage: Yes Garage Space: 2
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Utility Information
Sewer Connected, Water Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 94 Elm Street, Cortland, NY, 13045 | $159,000 | 5 | 2 | 1,880 | 1,880 SqFt |
| 55 Hubbard Street, Cortland, NY, 13045 | $90,000 | 5 | 2 | 2,126 | 2,126 SqFt |
| 105 Pendleton Street, Cortland, NY, 13045 | $165,000 | 6 | 2 | 2,336 | 2,336 SqFt |
| 41 Greenbush Street, Cortland, NY, 13045 | $189,900 | 7 | 3 | 3,052 | 3,052 SqFt |
| 23-25 Rickard Street, Cortland, NY, 13045 | $169,000 | 6 | 2 | 2,528 | 2,528 SqFt |
| 2 South Avenue, Cortland, NY, 13045 | $185,000 | 6 | 3 | 3,456 | 3,456 SqFt |
| 20 Scammell Street, Cortland, NY, 13045 | $224,900 | 5 | 3 | 1,938 | 1,938 SqFt |
| 20 Argyle Place, Cortland, NY, 13045 | $225,000 | 4 | 3 | 2,974 | 2,974 SqFt |
| 24 Reynolds Avenue, Cortland, NY, 13045 | $259,000 | 4 | 3 | 1,720 | 1,720 SqFt |
| 22 Reynolds Avenue, Cortland, NY, 13045 | $190,000 | 6 | 2 | 1,773 | 1,773 SqFt |
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ByOwner last updated this listing 07/06/2026 @ 21:00
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