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Downtown Ithaca Home for Sale

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  • /49

    $2,100,000

    • 10 Beds
    • 7,067 Sq Ft

    316-318 E East Seneca St Unit 10, Ithaca City, NY 14850

    FOR SALE / INVESTMENT OPPORTUNITY a unique multi-unit property in the heart of downtown Ithaca, located at 316-318 East Seneca Street. This well-positioned building offers excellent investment potential, combining desirable amenities, solid size, and prime location. Favorable City of Ithaca CBD 60 zoning and sizable lot for redevelopment & expansion in a strong rental growth & high demand

    August Monkemeyer Pyramid Brokerage Company - Co

    316-318 E East Seneca St Unit 10, Ithaca City, NY 14850

Why Live in Downtown Ithaca

Downtown Ithaca is a vibrant neighborhood known for its historic buildings, eclectic stores, and lively art scene. Located just half a mile from Cornell University, it has a youthful college-town atmosphere. The area is primarily commercial, with a limited inventory of homes that includes Victorian, Italianate, and American Foursquare styles with front porches and private driveways. DeWitt Middle School and Ithaca Senior High School are highly rated. DeWitt Park, a historic gathering spot, offers shaded paths, benches, and hosts the Ithaca Farmers Market in summer. For outdoor enthusiasts, the Cascadilla Gorge Trail provides a scenic walk with eight waterfalls, connecting Downtown Ithaca to Cornell University. The Commons, a pedestrian shopping area, features over 100 independent businesses, including boutiques, bookstores, and specialty shops. Dining options are plentiful, with popular spots like Gimme! Coffee, Saigon Kitchen, and Luna Inspired Street Food. Annual events such as the Apple Harvest Festival and the Downtown Ithaca Chili Cook-Off add to the neighborhood's appeal. Commuters have access to New York’s Highway 13 and Interstate 81, with Ithaca Tompkins International Airport just 5 miles away. The area is walkable, but residents may need vehicles during snowy winters, with snow tires and chains often necessary.

Frequently Asked Questions

Is Downtown Ithaca a good place to live?
Downtown Ithaca is a good place to live. Downtown Ithaca is considered very walkable and a biker's paradise. Downtown Ithaca is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Downtown Ithaca has 2 parks for recreational activities. It has a median age of 34. The average household income is $74,739 which is below the national average. College graduates make up 81.5% of residents. A majority of residents in Downtown Ithaca are renters, with 95.9% of residents renting and 4.1% of residents owning their home. A local real estate agent serving Downtown Ithaca can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Ithaca neighborhood guide.
Is Downtown Ithaca, NY a safe neighborhood?
Downtown Ithaca, NY is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Downtown Ithaca?
The median home price in Downtown Ithaca is $725,000. If you put a 20% down payment of $145,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $3,560 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $153K a year to afford the median home price in Downtown Ithaca. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown Ithaca is $75K.
What are the best public schools in Downtown Ithaca?
The best public schools that serve Downtown Ithaca are:
What are the best private schools in Downtown Ithaca?
The best private schools that serve Downtown Ithaca are:
What are the most popular zip codes in Downtown Ithaca, Ithaca, NY?
The most popular zip codes in Downtown Ithaca, Ithaca, NY include 14850, 14883, 14867, 14817 and 13068.
What are the most popular neighborhoods near Downtown Ithaca, Ithaca, NY?
The most popular neighborhoods near Downtown Ithaca, Ithaca, NY are Fall Creek, South Side, Downtown Ithaca, South Hill and East Hill.

Home Trends in Downtown Ithaca, NY

Housing Trends

Median Sale Price
$725,000
Median Single Family Sale Price
$710,000
Average Price Per Sq Ft
$222
Number of Homes for Sale
0
Last 12 months Home Sales
3
Months of Supply
0.00
Median List Price
$725,000
Median Change From 1st List Price
0%
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