108 2nd St Ithaca, NY 14850
North Side NeighborhoodEstimated payment $3,000/month
Highlights
- Wood Flooring
- Corner Lot
- Accessible Doors
- DeWitt Middle School Rated A-
- Private Yard
- 3-minute walk to Conway Park
About This Home
This well-positioned four-unit property offers strong fundamentals and immediate opportunity for the next owner. With two of the four units currently available, buyers have flexibility to place tenants, complete finishing touches, or occupy a unit while generating income. The property has good bones and is ready to operate with minimal appliance updates, making it an efficient entry point for investors or owner-occupants alike. Whether you are building a growing rental portfolio, house hacking, or expanding an existing portfolio, this asset provides multiple strategies to create value and cash flow. Conveniently located near the city center, the property offers easy access to shops, dining, services, and everyday amenities, supporting strong tenant demand and long-term desirability. A solid opportunity to acquire an income-producing property at an attractive price point with upside potential Owner is delaying negotiations and reviewing all offers at 4pm on Friday, February 6th. We will receive offers and schedule showings in the meantime.
Listing Agent
Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #10401389595 Listed on: 01/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,214
Year Built
- Built in 1965
Lot Details
- 3,400 Sq Ft Lot
- Lot Dimensions are 40x85
- Corner Lot
- Rectangular Lot
- Private Yard
Home Design
- Quadruplex
- Block Foundation
- Stone Foundation
- Frame Construction
- Asphalt Roof
- Copper Plumbing
Interior Spaces
- 2,448 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Parking
- No Driveway
- On-Street Parking
Schools
- Beverly J Martin Elementary School
- Boynton Middle School
- Ithaca Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Accessible Doors
- Flood Zone Lot
Listing and Financial Details
- Assessor Parcel Number 500700-045-000-0006-001-000-0000
Community Details
Overview
- Association fees include gardener, heat, snow removal, water
- 4 Units
Building Details
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- Gross Income $23,190
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,206 | $300,000 | $35,000 | $265,000 |
| 2023 | $5,705 | $250,000 | $35,000 | $215,000 |
| 2022 | $9,095 | $250,000 | $35,000 | $215,000 |
| 2021 | $8,927 | $240,000 | $35,000 | $205,000 |
| 2020 | $5,611 | $240,000 | $35,000 | $205,000 |
| 2019 | $6,656 | $220,000 | $35,000 | $185,000 |
| 2018 | $5,383 | $220,000 | $35,000 | $185,000 |
| 2017 | $5,035 | $200,000 | $20,000 | $180,000 |
| 2016 | $5,080 | $200,000 | $20,000 | $180,000 |
| 2015 | -- | $200,000 | $20,000 | $180,000 |
| 2014 | -- | $200,000 | $20,000 | $180,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/23/2026 01/23/26 | For Sale | $365,000 | +29.4% | $149 / Sq Ft | |
| 04/20/2017 04/20/17 | Sold | $282,000 | +0.7% | -- | View Prior Sale |
| 03/21/2017 03/21/17 | Pending | -- | -- | -- | |
| 01/17/2017 01/17/17 | For Sale | $280,000 | -- | -- |
Source: Ithaca Board of REALTORS®
MLS Number: R1659488
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