# 112 Groton Avenue, Cortland, NY 13045

> **TL;DR:** 14bd/0ba residential multi family, $2,950,000 ($256/sqft), built 2009, 11,520 sqft. Est. $12,783/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,950,000 |
| Price/sqft | $256 |
| Bedrooms | 14 |
| Square Feet | 11,520 |
| Year Built | 2009 |
| Lot Size | 50,530 sqft (1.16 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,783 |
| **Total** | **$12,783** |

## Property Highlights

- Built in 2009
- 1.16 acre lot
- 2 stories

## Description

### Agent Description
Welcome to 112 Groton Avenue, Cortland, NY. Exceptional opportunity to acquire a well-maintained 14-unit investment property in a prime location just a short distance from SUNY Cortland and the shops, restaurants, and amenities of downtown Cortland. This professionally managed student housing portfolio offers a total of 42 bedrooms with potential to expand to 44 bedrooms, making it an attractive addition to an investor's portfolio. The centerpiece of the property is a 10-unit building constructed in 2009, featuring ten spacious three-bedroom apartments. Each unit offers a functional floor plan with large living rooms, eat-in kitchens with dining areas, generously sized bedrooms, and full bathrooms equipped with double-sink vanities. Built-in closet shelving systems provide added convenience and storage throughout. Complementing the main building are two additional structures built between 2014 and 2015. One is a side-by-side duplex, each unit offering three bedrooms, one and a half bathrooms, expansive living spaces, kitchens with breakfast bars and dining areas, and first-floor half baths with bedrooms and full baths located on the second level. The third building consists of two additional three-bedroom units and includes a dedicated rental office, storage space, and a garage with overhead door ideal for maintenance equipment and property operations. Tenants benefit from five common laundry areas equipped with coin-operated machines, all of which are included in the sale. The property also features 42 on-site parking spaces with ample lighting and maintained striping, providing convenience and security for residents. With a cap rate exceeding 7%, a strong rental history, and a turnkey operational setup, this income-producing asset presents an excellent opportunity for investors seeking stable cash flow and long-term growth. The property may also be an ideal candidate for buyers looking to complete a 1031 exchange and acquire a high-quality, fully established investment property in one of Cortland's most desirable rental locations.

## Location

- **Address:** 112 Groton Avenue, Cortland, NY 13045
- **County:** Cortland
- **Coordinates:** 42.601471, -76.189622
- **Google Maps:** https://www.google.com/maps?q=42.601471,-76.189622

## Listing Agent

- **Name:** Dana Decker
- **Brokerage:** Berkshire Hathaway HomeServices Heritage Realty
- **Phone:** 6074234719
- **Email:** dana@hometoheritage.com

## Primary Photo

![112 Groton Avenue - Primary Photo](http://lh.rdcpix.com/29ed9ca743e7ee7a4aae4f6da8ca53e3l-f2625853803r.jpg)

*49 total photos available on [listing page](https://www.propertysimple.com/listing/112-groton-avenue-cortland-ny-13045-s1686697)*

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**MLS#:** S1686697 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/112-groton-avenue-cortland-ny-13045-s1686697)

---

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