19 Water St
Listing Notes
This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.
Price in context
Cheaper than 8% of the 24 homes listed nearby right now, which run $175,000 to $399,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 141 Tompkins St | $175,000 | 4 bd · 2 ba |
| 5 Sands St | $179,919 | 6 bd · 2 ba |
| 159 Madison St | $184,900 | 3 bd · 2 ba |
| 2 South Ave | $185,000 | 6 bd · 3 ba |
| 13 Pine St | $189,900 | 4 bd · 2 ba |
| 151 Tompkins St | $190,000 | 7 bd · 2 ba |
| 22 Reynolds Ave | $190,000 | 6 bd · 2 ba |
| 221 Tompkins St | $199,000 | 4 bd · 2 ba |
| 15 Harrington Ave | $199,000 | 3 bd · 1 ba |
| 6 Sands St | $209,900 | 5 bd · 3 ba |
| 18 Stewart Pl | $215,000 | 2 bd · 2 ba |
| 3707 Levydale Park | $219,900 | 4 bd · 2 ba |
| 11 Hamlin St | $219,900 | 4 bd · 3 ba |
| 21-23 Pearl St | $224,900 | 4 bd · 2 ba |
| 20 Bellrose Ave | $224,900 | 3 bd · 2 ba |
| 20 Scammell St | $224,900 | 5 bd · 3 ba |
| 20 Argyle Pl | $225,000 | 4 bd · 3 ba |
| 20 Reynolds Ave | $234,900 | 6 bd · 4 ba |
| 26 Owego St | $239,900 | 8 bd · 4 ba |
| 1152 The Park Apt D | $249,900 | 3 bd · 3 ba |
| 24 Reynolds Ave | $259,000 | 4 bd · 3 ba |
| 16 Park St | $289,000 | 4 bd · 2 ba |
| 73 Groton Ave Unit 69-71 | $384,000 | 12 bd · 4 ba |
| 31 Clayton Ave | $399,900 | 12 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more