$695,000
SOLD OCT 17, 2025

1 Maplewood Rd Ithaca, NY 14850

8 Beds
-- Bath
4,830 Sq Ft
1.04 Acres

Recently Sold

$144 Per Sq Ft

1% Above List Price

19 Days on Market

Highlights

  • Lake Front
  • Deck
  • Corner Lot
  • Boynton Middle School Rated A-
  • Wood Flooring
  • Furnished

About This Home

As of October 2025

A unique opportunity to own 8 one bedroom apartments with winter lake views. Cut down some trees and you'd have lake views year round. Apartments are all designed the same, each with a mirror image of the other. Four on upper level and four apartments on ground level each with a door to the exterior. Parking enough for about 1.5 cars per apartment. 205 is currently used as an office but could be a 9th apartment. Seller has provided a washer and dryer for use by the tenants at no additional cost. Tenants pay electric, seller pays propane and general maintenace costs. This property has never been available on the market prior to now. Negotiations will be delayed until Friday, July 18th, 2025, NOON!

Last Agent to Sell the Property

Susan Lustick

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-280-1642 License #30LU0738088 Listed on: 07/10/2025

Last Buyer's Agent

Laurel Guy

Warren Real Estate of Ithaca Inc. (Downtown) License #10371201385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,224

Year Built

  • Built in 1960

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 343x180
  • Lake Front
  • Corner Lot
  • Irregular Lot

Home Design

  • Membrane Roofing
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Copper Plumbing

Interior Spaces

  • 8 Bedrooms
  • 4,830 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Water Views

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Tile

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 1.5 Car Garage
  • No Garage
  • Driveway

Outdoor Features

  • Deck

Schools

  • Enfield Elementary School
  • Dewitt Middle School
  • Ithaca Senior High School

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Baseboard Heating
  • Hot Water Heating System
  • The river is a source of water for the property
  • The lake is a source of water for the property
  • Propane Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, heat, hot water, snow removal, trash collection, water
  • Assessor Parcel Number 503689-030-000-0003-001-002-0000

Community Details

Overview

  • Association fees include common area maintenance, heat, hot water, snow removal, trash collection, water
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • Operating Expense $54,095
  • Gross Income $72,940
  • Net Operating Income $6,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,224

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Lot Size Acres: 1.04
  • Lot Size: 343X180
  • Water Body Name: Cayuga Lake
  • Directions: From Ithaca, 4 miles on Rt 89, Taughannock Blvd, right on Maplewood Road, 400 ft Glenwood Road to 1 Maplewood Rd(corner of Maplewood and Glenwood)
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1960
  • Property Sub Type Additional: Other
  • Attribution Contact: 607-280-1642
  • Special Features: None
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Furnished: Furnished
  • Appliances: Exhaust Fan, Electric Oven, Electric Range, Propane Water Heater, Refrigerator, Range Hood
  • Owner Pays: Grounds Care, Heat, Hot Water, Snow Removal, Trash Collection, Water
  • Has Basement: Partial, Walk-Out Access
  • Basement YN: Yes
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Tile, Varies
  • Living Area: 4830.0
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Irregular Lot
  • View: Water
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco, Copper Plumbing
  • Exterior Features: Blacktop Driveway, Deck, Propane Tank - Leased
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Membrane, Rubber

Garage/Parking

  • Parking Features: One and One Half Spaces, Driveway, No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Propane, Baseboard, Hot Water, Space Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet Available
  • Water Source: Lake, Other, River, See Remarks

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Heat, Hot Water, Snow Removal, Trash Collection, Water

Schools

  • Elementary School: Enfield
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Parcel #: 503689-030-000-0003-001-002-0000

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 72940.0
  • Property Net Operating Income: 6621.0
  • Annual Operating Expense: 54095.0
  • Number Of Separate Electric Meters: 9

Tax Info

  • Tax Annual Amount: 12224.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2025 10/25/25 Off Market $695,000 -- --
10/17/2025 10/17/25 Sold $695,000 +1.5% $144 / Sq Ft
07/29/2025 07/29/25 Pending -- -- --
07/10/2025 07/10/25 For Sale $685,000 -- $142 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Susan Lustick

    Seller's Agent in 2025

    Susan Lustick

    Warren Real Estate of Ithaca Inc.

    (607) 280-1642

    80 Total Sales

    Susan Lustick
    Section Image
  • Laurel Guy

    Buyer's Agent in 2025

    Laurel Guy

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 227-1556

    149 Total Sales

    Laurel Guy
    Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: R1618836

New York Tompkins County Ithaca 14850

1 Maplewood Rd, Ithaca, NY

Sold

MultiFamily

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