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Gerald Strobel
REALTOR®, Lic. Real Estate Salesperson

31 Clayton Avenue, Cortland, NY 13045

$424,900
  • 31 Clayton Avenue, Cortland, NY 13045 Main Photo

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New to the Market Active
BEDS12 BATHS3 full SQUARE FEET2,652 MLS#S1686878
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCortland

Property Description

Investment Opportunity: Student Housing Near SUNY Cortland with Significant Upside Potential! Unlock the lucrative world of student rentals with this exceptional property located just moments from SUNY Cortland! This offering presents a rare chance for savvy investors to acquire a well-situated student housing asset with considerable room for value appreciation and increased cash flow. The Cortland student housing market is consistently strong, driven by SUNY Cortland's robust enrollment. While the university is planning a new residence hall for 2026-2028, it aims to replace existing West Campus apartments, not significantly increase overall on-campus capacity. This maintains a healthy demand for off-campus housing and ensures a steady tenant pool for well-managed properties. This property is walking distance to campus and in a well sought out area for off-campus living. Don't miss this opportunity to capitalize on the steady demand of the SUNY Cortland student rental market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a high-potential income property, this offering is poised for significant returns. Listing Broker has an ownership interest.

31 Clayton Avenue | MLS# S1686878

This multi-family property located at 31 Clayton Avenue, Cortland, NY 13045 is currently listed for sale with an asking price of $424,900. Clayton Avenue is located within the Cortland school district. Search Cortland real estate on gstrobel.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.16 Acres
Stories: 2.0
Taxes: $249,326
Year Built: 1900

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Vinyl Siding
Flooring: Hardwood, Tile, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 60X118
Parcel#: 110200-086-066-0001-002-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Sewer: Connected
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Cortland

Listed By / Shown By

Listing By

Agency Name: The Real Estate Agency
Agency Phone: 315-604-0718

Shown By

Agent Name: Gerald Strobel
Agent Phone: (716) 866-4564
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 21,846.74 per month $945.64 Principal & Interest $20,777.17 Property Tax $123.93 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 12:00:27 AM EST) or New York State Alliance MLS (last updated Tue 06/02/2026 11:58:51 PM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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