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Ithaca, NY Multifamily Homes & Duplexes for Sale

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  • /50

    $1,350,000

    • 13 Beds
    • 5 Baths
    • 5,954 Sq Ft

    408 Hillview Place, Ithaca, NY 14850

    Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms. The property provides ample

    Agent Photo

    Brian DeYoung

    Berkshire Hathaway HomeServices Heritage Realty

    (607) 286-2331

    408 Hillview Place, Ithaca, NY 14850
  • /49

    $409,000

    • 4 Beds
    • 3 Baths
    • 3,157 Sq Ft

    312 2nd St, Ithaca, NY 14850

    TWO BUILDINGS on a large city lot offer tremendous versatility! Sun-filled 2,018 SF front home has hardwood floors, 3-4 bedrooms, 2 full baths and 2 full kitchens (one up, one down). Two covered front porches, 1st floor laundry/breakfast nook, 2nd level back family room/4th BR with second back entry/mudroom. Back building has tree-house style 650 SF well-windowed efficiency apt, w/ new furnace

    Agent Photo

    Kristin Ahlness

    Howard Hanna S Tier Inc

    (607) 669-3793

    312 2nd St, Ithaca, NY 14850
  • /43

    $475,000

    • 4 Beds
    • 2.5 Baths
    • 2,024 Sq Ft

    109 Pine Tree Rd, Ithaca, NY 14850

    Nature at Your Doorstep, Cornell at Your Fingertips.Bordering the serene East Ithaca Nature Preserve, this meticulously maintained 4-bedroom, 2.5-bath retreat offers a rare blend of tranquility and convenience. Located near the Vincent and Hannah Pew Trail—perfect for a scenic stroll or bike commute to Cornell University—this home truly embraces outdoor living. Inside, the open-concept living

    Lirong Wu Warren Real Estate of Ithaca Inc.

    109 Pine Tree Rd, Ithaca, NY 14850
  • /50

    $459,000

    • 4 Beds
    • 2 Baths
    • 1,590 Sq Ft

    614 N Aurora St, Ithaca, NY 14850

    Charming duplex in the heart of Fall Creek! Each unit features 2 bedrooms and 1 bathroom, showcasing some of it's 1890 original woodwork and classic built-in details that add warmth and character. Bright interiors and welcoming layouts provide comfortable living spaces filled with natural light. Enjoy the lovely covered front porch—perfect for taking in the energy of Ithaca Porchfest—or relax

    Michele Smith Re/Max Plus

    614 N Aurora St, Ithaca, NY 14850
  • /45

    $399,000 Open Sat 10AM - 11:30AM

    • 4 Beds
    • 4 Baths
    • 2,110 Sq Ft

    134 Poole Rd, Ithaca, NY 14850

    This unique duplex offers an extraordinary opportunity for both homeowners and or investors. Situated in a desirable location where its grandfathered property use sets it apart, this property boasts two side-by-side units, each thoughtfully designed to provide comfort and convenience. Each unit features two bedrooms, one and a half bathrooms, its own laundry facilities, a private back balcony,

    Chelsey Smith RE/MAX In Motion

    134 Poole Rd, Ithaca, NY 14850
  • /34

    $439,000

    • 4 Beds
    • 2 Baths
    • 2,052 Sq Ft

    414 W Seneca St, Ithaca, NY 14850

    Exceptional Queen Anne Victorian 4 BR, 2 Bath Up-and-Down Duplex. Just 3 blocks to the Ithaca Commons. Live in the vibrant West End neighborhood, near our favorite brewpubs, coffee shops and restaurants. This beautifully updated period property is filled with LIGHT and original features galore including gingerbread trim, stained glass, floor-to-ceiling windows, balconies, mahogany front steps,

    Laurel Guy Warren Real Estate of Ithaca Inc. (Downtown)

    414 W Seneca St, Ithaca, NY 14850
  • /30

    $1,000,000

    • 11 Beds
    • 3 Baths
    • 4,318 Sq Ft

    505 Dryden Rd, Ithaca, NY 14850

    Located in the heart of Collegetown, 505 Dryden Road is a premier multi-family residence perfectly positioned for students and professionals. This high-performing asset features multiple rental units and sits on a generous lot with eight coveted off-street parking spaces.Investors will appreciate the property's exceptional track record, boasting consistent 100% occupancy and steadily

    David Wahl Warren Real Estate of Ithaca Inc. (Downtown)

    505 Dryden Rd, Ithaca, NY 14850
  • /20

    $450,000

    • 6 Beds
    • 2.5 Baths
    • 2,438 Sq Ft

    112 Sunrise Rd Unit 14, Ithaca, NY 14850

    West Hill Duplex ready for owner occupiers or investment opportunity! Each unit offers three comfortable bedrooms and a full bathroom, complemented by bright interiors and layouts that maximize natural light. Start your mornings on the covered front porch or unwind outback. Additional features for each unit include a small storage shed, separate off-street parking, and located across from public

    Laura Fiore Warren Real Estate of Ithaca Inc.

    112 Sunrise Rd Unit 14, Ithaca, NY 14850
  • /18

    $450,000

    • 3,144 Sq Ft

    632 W Seneca St, Ithaca, NY 14850

    Positioned in the West End commercial corridor, this mixed-use property presents an exceptional opportunity for investors and developers alike. The fully leased building features a long term bar tenant occupying the ground floor and a residential apartment upstairs with both providing immediate cashflow.With over 15,000 cars passing by daily, the property benefits from outstanding visibility

    Kelly Skeval Howard Hanna S Tier Inc

    632 W Seneca St, Ithaca, NY 14850
  • /50

    $762,300

    • 6 Beds
    • 7 Baths
    • 3,597 Sq Ft

    9 Sanctuary Dr, Ithaca, NY 14850

    Discover this beautifully maintained TWO family property located at the end of a quiet dead-end street in Ithaca’s highly desirable Northeast neighborhood. Excellent investment and income property. This expansive home features a 4-bedroom, 3.5-bathroom main residence plus a private 2-bedroom apartment, offering incredible possibilities for multi-generational living, rental income, or guest

    Grace Petrisin Warren Real Estate of Ithaca Inc. (Downtown)

    9 Sanctuary Dr, Ithaca, NY 14850
  • /50

    $650,000

    • 4 Beds
    • 3.5 Baths
    • 2,888 Sq Ft

    408 Teton Ct, Ithaca, NY 14850

    Nestled at the end of a quiet wooded cul-de-sac in a highly desirable neighborhood, this 4-bedroom center hall colonial is offered for sale for the first time. A bright, tiled two-story foyer welcomes you into a thoughtfully designed layout that balances open living with defined formal spaces. Large windows and bay windows fill the home with natural light. The formal dining room features hardwood

    Karen Eldredge Howard Hanna S Tier Inc

    408 Teton Ct, Ithaca, NY 14850
  • /50

    $725,000

    • 8 Beds
    • 4 Baths
    • 4,855 Sq Ft

    303 Wyckoff Ave Unit 5, Ithaca, NY 14850

    Massive side-by-side duplex with unrivaled proximity to Cornell University campus. This 8 bedroom 4,800+ sq ft building marks a rare opportunity to acquire multi-unit property in the Cornell Heights neighborhood. Large room sizes and grandiose layouts make each unit well suited for continuous rental and value-add opportunities. Or, live on one side and rent the other! Two separate driveways for

    David Barken Howard Hanna S Tier Inc

    303 Wyckoff Ave Unit 5, Ithaca, NY 14850
  • /50

    $625,000

    • 7 Beds
    • 4 Baths
    • 3,290 Sq Ft

    116-116.5 Heights Ct, Ithaca City, NY 14850

    Impressive side-by-side duplex in a terrific location. Located on a quiet side street in the Cornell Heights neighborhood, you’re just a few minutes’ walk to the heart of Cornell University campus. This property (as well as 114 Heights Ct for sale next door) marks a unique opportunity to acquire meaningful bedroom counts with well-proportioned room sizes. Hardwood flooring and ample natural

    David Barken Howard Hanna S Tier Inc

    116-116.5 Heights Ct, Ithaca City, NY 14850
  • /19

    $1,885,000

    • 6 Beds
    • 9,012 Sq Ft

    109 N Cayuga St, Ithaca, NY 14850

    Well-maintained historic asset in the heart of the Ithaca Commons, situated on the downtown Historic Super Block. All floors have been fully renovated, and the entire building is protected by a sprinkler system. The main floor is occupied by a long-standing community institution that has served Ithaca for 53 years. Revenue streams are diversified across residential and commercial uses.

    Zoe Leonard Howard Hanna S Tier Inc

    109 N Cayuga St, Ithaca, NY 14850
  • /33

    $559,000

    • 8 Beds
    • 4 Baths
    • 4,210 Sq Ft

    525 W Green St, Ithaca, NY 14850

    Great income generator with annual revenue of $66,000! Ideally located in the heart of downtown Ithaca. This well-maintained four-unit property offers a rare opportunity to enjoy true walkable city living while generating consistent rental income. Just steps from the Route 13 shopping corridor, restaurants, shops, and cultural attractions, the location is truly unbeatable.Numerous updates

    Jer Yuan Wansink Howard Hanna S Tier Inc

    525 W Green St, Ithaca, NY 14850
  • /50

    $1,500,000

    • 18,715 Sq Ft

    119 3rd St, Ithaca, NY 14850

    Welcome to 119 Third Street, a striking Tudor-style property offering exceptional scale, architectural presence, and flexibility in a prime downtown Ithaca location. Rich in historic detail and thoughtfully configured, this rare multi-use building presents a compelling opportunity to acquire a property with substantial existing infrastructure and broad future potential. At the heart of the

    Karen Hollands Howard Hanna S Tier Inc

    119 3rd St, Ithaca, NY 14850
  • /33

    $550,000

    • 4 Beds
    • 3 Baths
    • 1,704 Sq Ft

    202 Lake St, Ithaca, NY 14850

    Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in

    Isaac Kain Berkshire Hathaway HomeServices Heritage Realty

    202 Lake St, Ithaca, NY 14850
  • /49

    $689,000

    • 6 Beds
    • 7 Baths
    • 3,980 Sq Ft

    148 Troy Rd, Ithaca, NY 14850

    Oversized duplex in excellent condition, recently painted and well maintained throughout, offering flexible layouts and strong rental income potential. Unit 148A features an open-concept kitchen and dining area with an eat-up kitchen layout and a cozy fireplace insert. The primary bedroom includes a walk-in closet and private bathroom. This spacious unit offers four bedrooms plus two additional

    Katherine Burke Howard Hanna S Tier Inc

    148 Troy Rd, Ithaca, NY 14850
  • /38

    $599,000

    • 5 Beds
    • 4 Baths
    • 4,812 Sq Ft

    417 N Aurora St, Ithaca, NY 14850

    Welcome to 417 N. Aurora Street, ideally located in the heart of downtown Ithaca. This well-maintained multi-unit property offers a rare opportunity to enjoy true walkable city living while generating income. Just steps from the Ithaca Commons, Cornell University, restaurants, shops, and cultural attractions, the location is truly unbeatable. The owner’s unit is bright, spacious, and inviting,

    Karen Hollands Howard Hanna S Tier Inc

    417 N Aurora St, Ithaca, NY 14850
  • /30

    $380,000

    • 5 Beds
    • 4 Baths
    • 2,678 Sq Ft

    524 Hayts Rd, Ithaca, NY 14850

    Excellent income-producing opportunity located in Ithaca. 524 Hayts Rd is a fully occupied three-unit property offering immediate and consistent cash flow. The main residence is complemented by a converted three-bay garage, configured into two additional rental units (one-bedroom apartment and studio). All three units are currently rented. The property features a circular driveway, providing

    Anthony Vaughn Keller Williams Realty

    524 Hayts Rd, Ithaca, NY 14850
  • /26

    $484,000

    • 6 Beds
    • 2 Baths
    • 2,288 Sq Ft

    217 Snyder Hill Rd, Ithaca, NY 14850

    Exceptional turn-key duplex investment with a proven rental track record and multiple income strategies already in place. This fully renovated and professionally maintained property has been successfully operated using a blend of academic-year leasing and summer short-term rental demand, offering investors a rare ready-to-perform asset in one of Ithaca’s strongest rental corridors. The upper

    Sharleena Swansbrough Berkshire Hathaway HomeServices Heritage Realty

    217 Snyder Hill Rd, Ithaca, NY 14850
  • /50

    $1,250,000

    • 16 Beds
    • 4 Baths
    • 3,997 Sq Ft

    410 Stewart Ave, Ithaca, NY 14850

    Welcome to your next investment opportunity at 410 Stewart Avenue, a remarkable multi-family property available for sale. This investment property is situated in the heart of Lower Collegetown, offering an excellent location for both residents and investors. With 16 bedrooms, 3 bathrooms, 3 kitchens, 3 living rooms and ample parking space for 7 vehicles, this property is perfect for those seeking

    David Wahl Warren Real Estate of Ithaca Inc. (Downtown)

    410 Stewart Ave, Ithaca, NY 14850
  • /30

    $595,000

    • 8 Beds
    • 3.5 Baths
    • 2,859 Sq Ft

    918 Danby Rd Unit 1-2, Ithaca, NY 14850

    LOCATION! LOCATION! Conveniently walking distance to Ithaca College. 1 mile from downtown Ithaca, this property is located at 918 Danby Road, in the town of Ithaca, NY. This 2 Family property consists of 2 four-bedroom units set back from the road with plenty of open space. One two-story 4-bedroom apartment and one 3-story apartment. Right next to campus and close to downtown Ithaca. Easy walk to

    Michelle Adams Keller Williams Realty

    918 Danby Rd Unit 1-2, Ithaca, NY 14850
  • /32

    $895,000

    • 9 Beds
    • 2,973 Sq Ft

    116 Cook St, Ithaca, NY 14850

    Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories

    Kyle Steele Howard Hanna S Tier Inc

    116 Cook St, Ithaca, NY 14850
  • /21

    $1,150,000

    • 6 Beds
    • 2 Baths
    • 2,044 Sq Ft

    204 Linden Ave, Ithaca, NY 14850

    Positioned in the absolute heart of Cornell University’s Collegetown, 204–206 Linden Avenue represents a rare blend of immediate income, irreplaceable location, and long-term redevelopment upside. This side-by-side duplex offers investors and developers a strategic foothold in one of Ithaca’s most supply-constrained and consistently high-demand submarkets.The existing improvements consist of

    Kyle Steele Howard Hanna S Tier Inc

    204 Linden Ave, Ithaca, NY 14850
  • /27

    $1,150,000

    • 17 Beds
    • 2,402 Sq Ft

    129 Linden Ave, Ithaca, NY 14850

    Discover a rare opportunity to own a fully-leased, income-generating 8-bedroom rental home located just steps away from the heart of Cornell University's vibrant Collegetown in Ithaca, NY. This prime investment property is perfectly positioned to capitalize on the strong demand for student housing, offering consistent cash flow and significant upside potential through strategic value-add

    Kyle Steele Howard Hanna S Tier Inc

    129 Linden Ave, Ithaca, NY 14850
  • /16

    $1,100,000

    • 2 Beds
    • 2,510 Sq Ft

    133 Linden Ave, Ithaca, NY 14850

    Positioned within walking distance to the vibrant center of Cornell University’s Collegetown, this fully leased 8-bedroom rental property offers a rare investment opportunity with remarkable income potential. With proximity to one of the nation’s most prestigious institutions, the property is ideally situated to attract consistent demand from students and faculty alike. Currently generating

    Kyle Steele Howard Hanna S Tier Inc

    133 Linden Ave, Ithaca, NY 14850
  • /22

    $690,000

    • 14 Beds
    • 4 Baths
    • 4,500 Sq Ft

    316 S Aurora St, Ithaca, NY 14850

    Priced at assessed value, this large 4 unit on South Hill is conveniently located near The Commons, Cornell University, and Ithaca College. This property includes two tax parcels with each side featuring a 3 bedroom and a 4 bedroom apartment, for a total of four units. The property also boasts on-site parking, laundry income, and rent growth potential for the savvy investor.

    Melissa Skodzinsky Listing by Berkshire Hathaway HomeServices Heritage Realty

    316 S Aurora St, Ithaca, NY 14850
  • /36

    $1,950,000

    • 15 Beds
    • 10,230 Sq Ft

    204-208 W Spencer St, Ithaca, NY 14850

    Offered for the first time in nearly half a century, this exceptionally well-maintained multifamily portfolio has been in the same family for 49 years. The property includes a total of 19 fully rented apartment units, each with dedicated parking.Located in the heart of Ithaca - close to public transportation, shopping, restaurants, Ithaca College, and Cornell University. This is an unbeatable

    Zoe Leonard Howard Hanna S Tier Inc

    204-208 W Spencer St, Ithaca, NY 14850
  • /39

    $1,050,000

    • 14 Beds
    • 4,507 Sq Ft

    306 Stewart Ave, Ithaca, NY 14850

    Introducing an exceptional opportunity at 306 Stewart Avenue, this spacious multi-family property in Ithaca is perfectly positioned for investors looking for reliable rental returns. Impressive long-term growth addition to their portfolio. With over 4500 sq. ft. of well-planned living space, this property distinguishes itself not only by size, but by its capacity to generate steady income in a

    David Wahl Warren Real Estate of Ithaca Inc. (Downtown)

    306 Stewart Ave, Ithaca, NY 14850
  • /8

    $675,000

    • 3 Beds
    • 4,168 Sq Ft

    506 E Seneca St, Ithaca, NY 14850

    Located in the heart of College Town, this charming 6-unit apartment building offers a unique blend of historic character and modern convenience. Just a short walk from Cornell University, and Downtown Ithaca. It is nestled within a well-preserved historic district, and this property offers 6 parking spaces. Call to schedule a showing tour!

    Zoe Leonard Howard Hanna S Tier Inc

    506 E Seneca St, Ithaca, NY 14850
  • /48

    $529,900

    • 5 Beds
    • 3.5 Baths
    • 2,747 Sq Ft

    316 W Seneca St, Ithaca, NY 14850

    This dynamic triplex in the heart of downtown Ithaca is a short walk from restaurants, boutiques and Cornell University on one side and Wegmans and retail shopping galore on the other. This 3-unit features an occupied studio downstairs, an occupied 1BR downstairs, and an occupied 3 BR upstairs, making this an ideal investment property, as all rooms are generating income and rented through July

    Kevin Duffey Howard Hanna S Tier Inc

    316 W Seneca St, Ithaca, NY 14850
  • /50

    $1,000,000

    • 8 Beds
    • 4 Baths
    • 4,283 Sq Ft

    411 Dryden Rd, Ithaca, NY 14850

    This property rests in the heart of Ithaca's vibrant Collegetown neighborhood. This exceptional multi-family property offers a rare combination of prime location and solid investment potential. Just steps from Cornell University, this well-appointed 8-bedroom, 3-bathroom residence stands as a testament to quality craftsmanship and thoughtful design. The sturdy construction provides a reassuring

    David Wahl Warren Real Estate of Ithaca Inc. (Downtown)

    411 Dryden Rd, Ithaca, NY 14850
  • /14

    $5,400,000

    • 11 Beds
    • 7,542 Sq Ft

    202 Linden Ave, Ithaca, NY 14850

    An exceptional opportunity in the heart of Cornell University's Collegetown: 202 Linden Ave is a high-quality, fully leased student housing asset offering strong income and long-term investment value. This modern, low-maintenance building features 10 units and 26 beds, thoughtfully configured to maximize appeal and occupancy. Fully furnished with in-unit washer/dryers, the unit mix includes three

    Tam Marion Warren Warren Real Estate of Ithaca Inc.

    202 Linden Ave, Ithaca, NY 14850
  • /30

    $649,000

    • 7 Beds
    • 3 Baths
    • 1,920 Sq Ft

    937 E State St, Ithaca, NY 14850

    Rare Investment Opportunity Near Cornell University – Two Homes on One Parcel at 937 State Street Discover a unique and versatile property offering two separate homes on a single parcel in a prime, close to campus Ithaca location. Ideal for investors, owner-occupants, or multi-generational living, this fully utilized property provides flexibility, strong rental appeal, and long-term upside. The

    Jill Burlington Warren Real Estate of Ithaca Inc.

    937 E State St, Ithaca, NY 14850

Why Live in Ithaca

Nestled in the Finger Lakes region, Ithaca features over 150 waterfalls within 10 square miles, including Taughannock Falls which stands taller than Niagara Falls. The pedestrian-only Ithaca Commons serves as the city's cultural hub, lined with local boutiques and art galleries. Outdoor recreation thrives year-round through the Cascadilla Gorge Trail, Buttermilk Falls State Park, and the Black Diamond Trail, while the Cayuga Lake Wine Trail showcases the region's renowned wineries. The dining scene includes established restaurants like Moosewood, known for its vegetarian cuisine and cookbooks, and Taverna Banfi, serving exceptional Italian dishes on Cornell University's campus.

The median price for single-family homes varies significantly by neighborhood. Fall Creek homes have a median price of $420,000, while Forest Home commands $925,000. East Hill properties reach a median of $895,000, Cornell Heights homes stand at $580,000, and South Hill residences average $343,000. Condominiums present more affordable options, with median prices of $204,000 for one-bedroom units and $283,000 for two-bedroom homes. Townhouses in Ithaca have a median price of $419,500.

The cost of living in Ithaca measures 1.2% above the national average. A family with school-age children needs an annual income of $107,000 to live comfortably, while renters should aim for $61,000. Property taxes in Tompkins County run at 2.35%, lower than neighboring Syracuse at 2.59% and Binghamton at 2.64%. Groceries cost 4.7% below the national average for families, requiring approximately $1,500 monthly. Housing expenses average $2,400 monthly, 1.4% above the national average. The education system includes the A-rated Ithaca Senior High School and the A+ rated private Cascadilla School. Cornell University and Ithaca College anchor the higher education landscape.

Home Trends in Ithaca, NY

Housing Trends

Median Sale Price
$488,000
Median Single Family Sale Price
$499,000
Median Townhouse Sale Price
$454,500
Median 2 Bedroom Sale Price
$310,000
Median 1 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$238
Number of Homes for Sale
68
Last 12 months Home Sales
301
Months of Supply
2.70
Median List Price
$495,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
14%
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