77-79 Main Street, Cortland, New York image 1
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77-79 Main Street

Cortland, NY 13045
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$1,195,000 $5,038/Mo
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Bed 10

Bed

Bath 0

Bath

SqFt8,360

Sqft

Acres0.05

Acre(Lot)

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

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Detail Ic 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

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Feature 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
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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 09/01/2026 @ 10:46

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

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