The University maintains several houses and a five-unit apartment complex for lease by faculty and staff. Lease terms may vary based on the needs of the faculty/staff member.

 

Rent and utility charges are automatically deducted monthly through payroll deduction. Rent and utility charges are adjusted annually based on the policy outlined below. A security deposit of 50 percent of one month’s rent is required prior to occupancy.

Rent Level and Utility Charge Policy

Rent levels are established to recover Colgate’s costs of maintaining properties. Colgate does not make a profit on its rental properties by adding a profit margin to rents, nor does it attempt to recover the opportunity costs of maintaining rental properties rather than investing the property value elsewhere. In fact, at present, Colgate is minimally subsidizing most renters by not fully recovering its costs.

Rent levels and utility charges are set annually by the vice president for finance & administration. They are determined using the projected costs of utilities, maintenance, and property taxes.

30 College st. house

Three bedroom, unfurnished house with one-car attached garage. Living room, eat-in kitchen, large family room, two baths, and finished basement with laundry facilities. Heat is village electric. Walking distance to campus. Current rent $775 per month plus $200 utilities deduction.

32 College Street house

Five bedroom, unfurnished house with one-car attached garage. Large living room, kitchen, dining room, two baths, fireplace, laundry facilities, and mud room. Heat is village electric. Walking distance to campus. Current rent $985 per month plus $190 utilities deduction.

36 College Street

Two bedroom, furnished house with two-car attached garage. Living Room, family room with fireplace, den, eat-in kitchen, two baths, and laundry facilities. Heat is village electric. Current rent $870 plus $200 utilities deduction.

55 Hamilton Street house

Three bedroom, furnished house with two-car attached garage. Living room with fireplace, kitchen, den, two baths, and laundry facilities. Heating system is fuel oil. Current rent $1,000 plus $450 utilities deduction.

59 Hamilton Street house

Four bedroom, unfurnished house with two-car detached garage. Living room with fireplace, dining room, large eat-in kitchen, office, den, and two baths. Laundry facilities are located in the basement. Heating system is fuel oil. Current rent $1,670 plus $450 utilities deduction.

69 Hamilton Street house

Four bedroom, unfurnished house with small one-car garage. Living room, dining room, large modern kitchen, den or family room, and two baths. Washer/dryer hook-up available, but appliances are not included. Heat system is fuel oil. Current rent $1,030 plus $300 utilities deduction.

79 Hamilton Street house

Four bedroom, partially furnished house with one-car detached garage. Living room, dining room, den, large eat-in kitchen, and two baths. Laundry facilities are located in the basement. Current rent $1,103 plus $450 utilities deduction.

Preston Hill Apartments

Single one bedroom apartment and four two bedroom apartments with galley kitchen and small dining area, living room, and bathroom. Laundry and storage facilities located in basement. All apartments are completely furnished. Rent for one bedroom is $710, and two bedrooms are $800 per month, which includes heat and electric.

Contact

Finance and Administration Operations Manager
307 James B. Colgate Hall