$490,000
SOLD JUN 26, 2025
6 Beds
-- Bath
6,040 Sq Ft
3,400 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

18% Below List Price

98 Days on Market

Highlights

  • Property is near public transit
  • Brick or Stone Mason
  • Central Heating and Cooling System
  • DeWitt Middle School Rated A-
  • Tankless Water Heater
  • Baseboard Heating

About This Home

As of June 2025

Attention investors and landlords! This expansive 6,000-square-foot property, originally a 4,400-square-foot side-by-side duplex, has been thoughtfully converted into six units, offering strong rental potential. Approximately 20 years ago, the current owner refinished the second and third floors, enhancing the structure and layout. More recently, the owner's unit was updated to a higher standard with premium fixtures and the addition of air conditioning. While the remaining units are solid and well-maintained, fresh paint and kitchen upgrades could further their appeal and rental value. With projected annual rents exceeding $90,000 and tenants responsible for their own utilities, this property offers impressive income potential. A durable metal roof and charming brick-and-stone siding contribute to both aesthetic appeal and reduced long-term maintenance costs. Conveniently located near Cornell University and the vibrant downtown Ithaca community, this property is an excellent addition to any investment portfolio. Don't miss out on this exceptional opportunity!

Last Agent to Sell the Property

Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 01/24/2025

Berkshire Hathaway HomeServices Heritage Realty

Last Buyer's Agent

Tiffany Bechtold

Warren Real Estate of Ithaca Inc. (Downtown) License #10401311914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,252

Year Built

  • Built in 1980

Lot Details

  • 3,400 Sq Ft Lot
  • Lot Dimensions are 50x68
  • Rectangular Lot

Home Design

  • Brick or Stone Mason
  • Frame Construction
  • Metal Roof
  • Stucco
  • Stone

Interior Spaces

  • 6 Bedrooms
  • 6,040 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Electric Cooktop

Parking

  • No Garage
  • No Driveway

Location

  • Property is near public transit

Schools

  • Belle Sherman Elementary School
  • Dewitt Middle School
  • Ithaca Senior High School

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Baseboard Heating
  • Tankless Water Heater

Listing and Financial Details

  • The owner pays for heat, water
  • Tax Lot 13
  • Assessor Parcel Number 500700-071-000-0006-013-000-0000

Community Details

Overview

  • Association fees include heat, water
  • 6 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,252

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Lot Size Acres: 0.0781
  • Lot Size: 50X68
  • Directions: Near the corner of S. Plain St. and State St.
  • Garage Yn: No
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1980
  • Property Sub Type Additional: Other
  • Attribution Contact: 607-428-0708
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1980

Interior Features

  • Furnished: Unfurnished
  • Appliances: Electric Cooktop, Electric Water Heater, Tankless Water Heater
  • Owner Pays: Heat, Other, See Remarks, Water
  • Has Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Other, See Remarks
  • Living Area: 6040.0
  • Stories: 3

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot
  • Waterfront: No
  • Construction Type: Brick, Frame, Stone, Stucco
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: None, No Driveway, No Garage

Utilities

  • Laundry Features: Coin-operated
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Laundry Facilities, Storage Facilities
  • Senior Community: No
  • HOA Rent Includes: Heat, Other, See Remarks, Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 3400.0
  • Parcel #: 500700-071-000-0006-013-000-0000

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 90000.0
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 12252.0
  • Tax Lot: 13
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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
06/26/2025 06/26/25 Sold $490,000 -11.8% $81 / Sq Ft
05/02/2025 05/02/25 Pending -- -- --
02/13/2025 02/13/25 Price Changed $555,565 -1.7% $92 / Sq Ft
02/07/2025 02/07/25 Price Changed $565,000 -1.7% $94 / Sq Ft
02/04/2025 02/04/25 Price Changed $575,000 -1.7% $95 / Sq Ft
01/29/2025 01/29/25 Price Changed $585,000 -1.7% $97 / Sq Ft
01/24/2025 01/24/25 For Sale $595,000 -- $99 / Sq Ft
Source: Ithaca Board of REALTORS®

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 $7,448 $355,000 $35,000 $320,000
2023 $7,588 $330,000 $35,000 $295,000
2022 $11,821 $330,000 $35,000 $295,000
2021 $11,485 $310,000 $35,000 $275,000
2020 $7,271 $310,000 $35,000 $275,000
2019 $7,883 $280,000 $35,000 $245,000
2018 $6,904 $280,000 $35,000 $245,000
2017 $6,349 $250,000 $35,000 $215,000
2016 $6,405 $250,000 $35,000 $215,000
2015 -- $220,000 $35,000 $185,000
2014 -- $220,000 $35,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1585902

APN: 500700-071-000-0006-013-000-0000