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7 Beds
3 Baths
1,720 sqft

$229,900

24 Reynolds Avenue, Cortland NY, 13045

Price per sqft$133.66
Built in1880
Property size1,720 sqft
Property typeMulti-family

Overview

Active

Listed Nov 8, 2026

Updated 4 days ago

Investment Opportunity in the City of Cortland! Located at 24 Reynolds Avenue, this income-producing property is legally recognized as a three-family residence and is currently configured as two spacious apartments. One unit offers 3 bedrooms and 1 full bath, while the second features 4 bedrooms and 1 full bath, providing a total of 7 bedrooms. Both units are tenant-occupied, offering immediate rental income for the next owner. Currently generating $23,568 in annual gross rental income, this property presents an opportunity for investors looking to expand their portfolio or explore future income potential. With its spacious layout and multiple bedrooms, there may also be an opportunity to reconfigure the property for student housing, subject to applicable zoning, occupancy regulations, and municipal approvals. The property's legal three-family status offers additional possibilities for future use. Conveniently located in the City of Cortland, with access to local shopping, dining, and amenities. Don't miss your chance to explore the potential this investment property has to offer!

$1,530/mo

Est. mortgage payment based on a $229,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
S1727553

Interior Features

Bedrooms
7
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$6,825
Tax Frequency
Annually
Municipality
Not Applicable
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Courtesy of Hage Real Estate, Tara Wetherell

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Robert Zaccaria, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 4:48 AM UTC, 11/11/2026

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