Pending

77-79 Main Street

Cortland, NY 13045

$1,195,000 $5,038/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

8,360

Sqft

0.05

Acre(Lot)

Description

77-79 Main St Cortland TWO Tax parcels 77 main + 79 Main Two Commercial Tenants leased into 2027 Fully Leased 10 Apartments 28 beds leased thru 7/31/2026 Solid existing cash flow ~$190,200 annual gross thru 7/31/2026 w/value add upside + rent upside growth. Some apartments have been renovated more than others, can be more renovated / mix of tenancy updated to increase rents further. Prime location mixed use investment opportunity in the Central Business District and heart of downtown Cortland, NY. 77-79 Main Street is a late 19th century historic building offering character filled 2 bedroom, 3 bedroom & 4 bedroom apartments right in Cortland's lively & vibrant downtown. Renovated and restored in 2018-2019, this historic building combines classic charm with modern amenity housing. Loc ated just steps away from independent shops, cafes, bars, and restaurants along Main Street and close nearby right in the action! In addition to being very close by SUNY Cortland (home to ~7000 undergrad & grad students), the NYS Route 13/NYS 281 commercial corridor Guthrie Medical and other major employers in the area. OM / financials available with signed NDA. Taxes on both parcels 77 main st $14154.08+$8135.15 + 79 main st $20764.49+$7744.66 = $50,798~ Assessment both parcels = $1,195,000 first floor has separately metered utilities, commercial + two first floor apartment units pay their own heat/power( baseboard electric) + have washer dryer in unit 2nd and 3rd floor has ducted gas heating (NYESG) landlord pays for heating on 2nd and 3rd + tenants pay separately metered electric on 2nd and 3rd (National Grid) common area 2nd floor laundry machines LL pays water / sewer trash & recycling call agent for questions / more info / showings

Property Details

Property Type : Residential Income

Price : $1,195,000

AD Id : 66998879

MLS Id : R1638159

Beds : 10

Lot Size : 0.05 Acre

Living Area Size : 8,360

Year Built : 1890

County : Cortland

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 10

Room Information

Has Basement: Yes Basement: Full
Flooring Information

Carpet, Hardwood, Varies, Vinyl
Roofing Information

Membrane, Rubber
Interior Features

Ceiling Fan(s), Storage Roof: Membrane, Rubber Appliances: Oven, Built-In Range, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Freezer, Gas Water Heater, Refrigerator, Washer Laundry Features: Common Area, Washer Hookup Window Features: Skylight(s)
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Hot Water, Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s)

Building Information

Year Built: 1890 Building Area Total: 8360 Construction Materials: Brick, Frame Stories: 3 Private Pool: No

Lot Information

Lot Dimensions: 21X108 Main Square Feet: 0.0521 Acres Lot Size Acres: 0.0521 Lot Size Square Feet: 2268 Lot Description: Near Public Transit, Rectangular Lot

Listing Price Information

Listing Price: $1195000 Original Price: $1400000 Cash, Conventional

Tax Information

Parcel Number: 110200-086-058-0004-013-000-0000 Tax Lot: 13 Annual Tax: $22289

Parking Information

None, No Garage

School Information

Elementary School: Alton B Parker

Junior High School:

Senior High School:
Utility Information

Sewer Connected, Water Connected, Cable Available, Electricity Available, Electricity Connected
Location Information

Direction: main st cortland parking out front on street main st is a two way street. nearby NBT bank same block WaterSource: Public Security Features: Security System Owned, Security Service

Sell a home like this and save $71,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

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	$95,000	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
13 Pine Street, Cortland, NY, 13045	$189,900	4	2	2,164	2,164 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

Similar Multifamily To 77-79 Main Street

Nearby For Sale

Active

$179,919

Multifamily For Sale

5 Sands Street,
Cortland, NY, 13045

Bed

Bath

Sqft

Acre(Lot)

26 Owego Street,
Cortland, NY, 13045

Bed

Bath

Sqft

Acre(Lot)

41 Greenbush Street,
Cortland, NY, 13045

Bed

Bath

Sqft

Acre(Lot)

6 Monroe Street,
Cortland, NY, 13045

Bed

Bath

Sqft

Acre(Lot)

94 Elm Street,
Cortland, NY, 13045

Bed

Bath

1,880

Sqft

0.17

Acre(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Ithaca Board of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ithaca Board of REALTORS®, Inc. All rights reserved.

ByOwner last updated this listing 06/16/2026 @ 20:57

MLS: R1638159 LISTED BY: August Monkemeyer, Pyramid Brokerage Company - Co 607-277-2327 SOURCE: Ithaca Board of REALTORS