101-05 Giles St Ithaca, NY 14850

This solid, well-maintained investment property is tucked away on a quiet side street on the edge of downtown Ithaca, offering a prime location with easy access to Cornell University, Ithaca College, and a TCAT bus line just steps away. Spanning over 4,800 square feet, the building features four spacious units—two 4-bedroom and two 1-bedroom apartments—generating a gross rent roll of $111,000 for the 2026–2027 season and fully leased through late summer 2027. The versatile layout includes one side encompassing two full floors that would serve as an ideal future owner-occupied residence, while the opposite side houses three units across three levels, all accessed via a beautiful oak center staircase. Residents benefit from desirable floor plans and the convenience of off-street parking, a full walk-out basement with laundry and storage, and split utilities for heat, hot water, and electric paid by the tenants. With a proven track record and a configuration that appeals to a diverse tenant pool, this property represents a turn-key opportunity for a savvy investor looking for a high-performing asset in the City of Ithaca.