A Triple-Unit Victorian Income Generator: New roof

Unlock a premier investment opportunity in the heart of Cortland. 66 Maple Ave is a stately 1880 Victorian multi-family residence that perfectly balances historic charm with modern financial performance. Boasting three separate units and a massive 2,876-square-foot footprint, this property is a “turnkey” addition to any real estate portfolio or an ideal setup for an owner-occupant looking to live for free.

Priced at $265,000, this property is strategically located in a high-demand rental corridor, ensuring low vacancy rates and consistent long-term appreciation.

Property Investment Profile

Price: $265,000
Total Living Space: 2,876 sq. ft.
Configuration: 3 Independent Rental Units
Bedrooms: 6 Total
Year Built: 1880
Key Upgrade: Brand-New Roof (Delivered at Closing)

Unit Breakdown: Maximize Your Monthly Revenue

This Victorian estate is designed to capture multiple segments of the Cortland rental market simultaneously:

Unit 1 (First Floor): A spacious 3-bedroom apartment currently occupied by a reliable, long-term tenant. This unit provides immediate, stable cash flow from day one.
Unit 2 (Second Floor): A generous 2-bedroom apartment, currently vacant and ready for market-rate leasing or an owner-occupant.
Unit 3 (Second Floor): A cozy efficiency apartment, perfect for a student, traveling nurse, or single professional.

The “Turnkey” Advantage: New Roof & Pristine Condition

One of the biggest hurdles in purchasing a historic Victorian is the threat of immediate maintenance costs. 66 Maple Ave eliminates this risk:

The New Roof: The home will be delivered in excellent condition with a brand-new roof installed, saving the next owner thousands in capital expenditures and significantly lowering insurance premiums.
The Carriage House: A classic Victorian carriage house provides secure off-street parking—a premium in the village—or serves as a massive storage facility for additional rental income.
Outdoor Space: The backyard is private, partially fenced, and offers a quiet retreat for tenants, a rare feature for a multi-unit property so close to the city center.

Strategic Location: The “Goldilocks Zone” for Renters

The property’s location is its greatest asset. It sits in a high-convenience “neighborhood street” that appeals to Cortland’s most stable tenant bases:

Higher Education: Steps away from SUNY Cortland, making it an ideal candidate for high-yield student housing.
Medical Professionals: Located conveniently close to Guthrie Cortland Medical Center, appealing to traveling nurses and hospital staff.
Walkability: Residents can walk to parks, local coffee shops, downtown restaurants, and all essential amenities.

The “House-Hack” Potential

For those looking to enter the real estate market, this property offers a legendary “house-hacking” opportunity. By living in the vacant 2-bedroom or efficiency unit and renting out the remaining two spaces, an owner-occupant could potentially live mortgage-free while the tenants pay down the equity in the building.

Investment Summary

At $92 per square foot, 66 Maple Ave is a rare find in the 2025 market. With a new roof, a steady tenant already in place, and a prime location near the university and hospital, this Victorian income-generator is built for financial success.