USANYCortlandPalmer52 Prospect Ter
Listing image | Image 1

52 Prospect Ter, Cortland, NY

House

For Sale

Listed price in listed location currency (USD).
$1,795,000

3182

MLS® S1691033

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 10336 sqft
Garage Yes
Taxes $28,200
Days Active 1
Lot Size 0.4854 Acres
Approx. Age 1930
Avg. Price Per Sqft $173
MLS® Number S1691033

Property Address: 52 Prospect Ter, Cortland, NY, 13045-2557

Average square foot calculated using Size range provided by listing agent.

Description

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 available. Its unmatched location directly adjacent to SUNY Cortland has contributed to a long and successful operating history with reliable rental income and steady tenant demand. The asset offers investors a unique opportunity to acquire a large-scale student housing property in a market with limited comparable inventory and significant barriers to new development. Combining exceptional scale, a premier location, and a proven rental history, 52 Prospect Terrace stands out as one of the most compelling student housing investment opportunities available in the SUNY Cortland market. Whether expanding an existing portfolio or acquiring a flagship income-producing asset, this property delivers the stability, demand, and long-term investment potential sought by today's investors.
MLS® NumberS1691033
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1930
BasementFull
DrivewayGarage, Parking Available
Garage Spaces
HeatElectric, Gas, Baseboard, Radiators
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 21, 2026List Date
$1,795,000List Price
  • Commute

Commute

Starting Address
Destination Address
52 Prospect Ter, Cortland, NY

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