Offered at $555,000, this well-located 3,974± SF, three-unit student housing property presents a strong investment opportunity in the heart of Cortland. The property features 15 total bedrooms (five bedrooms per unit) and is currently operated as student housing, benefiting from consistent demand driven by its walkable proximity to SUNY Cortland and the Cortland City central business district.
Each bedroom leases for $3,600 per semester, providing a clear, per-bed revenue model favored by student-housing investors. The owner currently covers electric and gas utilities, simplifying tenant leasing and supporting strong occupancy. The property is further enhanced by a large on-site parking lot, a valuable amenity in this submarket.
With its prime location, scale, and established student-housing use, 6 Monroe Heights offers investors a compelling opportunity to acquire a stabilized asset in a proven college rental market.