$400,000

115 Prospect St Ithaca, NY 14850

South Hill Neighborhood

Estimated payment $3,039/month

Total Views 9,863
6 Beds
2 Baths
1,678 Sq Ft
$238 Price per Sq Ft

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • Vinyl Flooring
  • South Hill School Rated A-
  • Rectangular Lot

About This Home

Ideally located near SouthWorks, the South Hill Recreation Way, and downtown Ithaca, this property offers convenient access to restaurants, shops, the library, and many of the amenities that make Ithaca such a desirable place to live. Available as a standalone purchase or together with two adjoining properties, the offering presents opportunities for investors, owner-occupants, or those interested in assembling multiple neighboring parcels. With access from two streets when purchased as a package, this unique property offers flexibility and long-term potential in a sought-after location.

Listing Agent

Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 06/12/2026

Berkshire Hathaway HomeServices Heritage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,692

Year Built

  • Built in 1890

Lot Details

  • 4,390 Sq Ft Lot
  • Lot Dimensions are 54x81
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Asphalt Roof
  • Siding

Interior Spaces

  • 1,678 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • South Hill Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Water Heater

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 500700-081-000-0008-004-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $2,100
  • Gross Income $30,000
  • Net Operating Income $17,208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,692

Year Built

Built in 1890

Lot Details

4,390 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.1008
  • Lot Size: 54X81
  • Road Frontage Type: City Street
  • Directions: South Aurora to Prospect
  • Architectural Style: Duplex
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: Existing
  • Year Built: 1890
  • Property Sub Type Additional: Duplex
  • Attribution Contact: 607-428-0708
  • Special Features: None
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Appliances: See Remarks, Water Heater
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Laminate, Varies, Vinyl
  • Living Area: 1678.0
  • Stories: 2

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Composite Siding, Frame
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 4390.0
  • Parcel #: 500700-081-000-0008-004-000-0000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 30000.0
  • Property Net Operating Income: 17208.0
  • Annual Operating Expense: 2100.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 10692.0
  • Tax Lot: 4

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $10,126 $310,000 $42,900 $267,100
2024 $6,238 $310,000 $42,900 $267,100
2023 $5,739 $259,000 $42,900 $216,100
2022 $8,580 $240,000 $42,900 $197,100
2021 $8,580 $240,000 $42,900 $197,100
2020 $5,365 $240,000 $42,900 $197,100
2019 $5,337 $200,000 $42,900 $157,100
2018 $4,799 $200,000 $42,900 $157,100
2017 $4,275 $180,000 $22,700 $157,300
2016 $4,484 $180,000 $22,700 $157,300
2015 -- $150,000 $22,700 $127,300
2014 -- $150,000 $22,700 $127,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/12/2026 06/12/26 For Sale $400,000 -- $238 / Sq Ft
Source: Ithaca Board of REALTORS®

About the Listing Agent

Brian DeYoung
Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty

(607) 388-5083

Section Image

View Brian's Profile

Brian's Other Listings

  • 117 Prospect St, Ithaca, NY 14850

    $345,400

    • 2 Beds
    • 3 Baths
    • 1,216 Sq Ft
    • 117 Prospect St
    • Ithaca, NY

    Exceptional South Hill location with investment potential. Situated near Ithaca College, the South Hill Recreation Way, downtown Ithaca, SouthWorks, and the public library, this property places some of Ithaca’s most popular destinations within easy reach. Currently used as a rental, it offers immediate income while presenting future opportunities for expansion, redevelopment, or owner occupancy.

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 218 Pleasant St, Ithaca, NY 14850

    $355,365

    • 3 Beds
    • 1 Bath
    • 1,365 Sq Ft
    • 218 Pleasant St
    • Ithaca, NY

    Rare investment opportunity in the City of Ithaca! This well-maintained 3-bedroom, 1-bath home is ideally positioned in the highly desirable South Hill neighborhood and is being offered as part of a larger investment package with 115 and 117 Prospect Street. What makes this property especially valuable is that it provides the parking area serving all three properties, creating a unique portfolio

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 408 Hillview Place, Ithaca, NY 14850

    $1,350,000

    • 13 Beds
    • 5 Baths
    • 5,954 Sq Ft
    • 408 Hillview Place
    • Ithaca, NY

    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

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 506 S Cayuga St, Ithaca, NY 14850

    $374,400

    • 5 Beds
    • 2.5 Baths
    • 1,911 Sq Ft
    • 506 S Cayuga St
    • Ithaca, NY

    South Hill duplex for less than the assessment? Yes! The cute cape has a main upper unit that on paper has 3 bedrooms, but lives like 4, and a 2-bedroom lower unit. Separate utilities make lanlording that much easier. Recent room with architectural shingles, and hardwood floors inside will add to your pride of ownership. Close to South Hill schools, the South Hill trail, and on a quieter traffic

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 116 - 118 Ferris Place Unit 18, Ithaca City, NY 14850

    $1,570,000

    • 6 Beds
    • 8,902 Sq Ft
    • 116 - 118 Ferris Place
    • Unit 18
    • Ithaca City, NY

    Just off State Street, a few blocks south of Collegetown Center and just up the hill from the Commons, this large 24-bedroom building is nestled along the gorges and preserves. It’s just above the Six Mile Creek Preserve, and the footbridge over the creek is just a few hundred feet down the street. Out the back windows, it’s all beautiful greenery and shade. A large duplex building, it is divided

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 124 Sears St, Ithaca, NY 14850

    $375,000

    • 6 Beds
    • 2.5 Baths
    • 2,169 Sq Ft
    • 124 Sears St
    • Ithaca, NY

    A rare opportunity to own in Ithaca’s sought-after Fall Creek neighborhood. This well-maintained property offers hardwood floors, strong rental appeal, and a convenient location within walking distance of Gimmee! Coffee, downtown Ithaca, the Commons, Ithaca Falls, and many other local favorites. Situated on a quiet, low-traffic street, the property benefits from the charm and character that make

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 212 Linden Ave, Ithaca, NY 14850

    $1,600,000

    • 11 Beds
    • 4 Baths
    • 4,656 Sq Ft
    • 212 Linden Ave
    • Ithaca, NY

    Collegetown, parallel to College Ave, Linden is zoned CR4 and nearby neighbors on both sides have completed or started 5 story buildings as allowed by this zoning type. This property has 4 units with radiant heat in the floor. Comfortable porch leads to the main door and all units. You must drive by this one and see the neighborhood if this property interests you. Even if you don't want to build

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 210 Delaware Ave, Ithaca, NY 14850

    $1,455,550

    • 7 Beds
    • 8,018 Sq Ft
    • 210 Delaware Ave
    • Ithaca, NY

    A rare opportunity to own one of Collegetown's true architectural gems. Rich in character and history, this impressive seven-unit property features stunning stained-glass windows, beautiful hardwood floors, spacious apartment layouts, and a location that is difficult to replicate. Situated just above the heart of Collegetown, the property offers convenient access to Cornell University,

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 218 Delaware Ave, Ithaca, NY 14850

    $1,465,390

    • 5 Beds
    • 5,154 Sq Ft
    • 218 Delaware Ave
    • Ithaca, NY

    Rare Collegetown multifamily investment opportunity. This five-unit property offers more than 5,100 square feet of living space in one of Ithaca’s most sought-after rental markets. Featuring spacious apartments, attractive interior finishes, and off-street parking, the property offers a compelling blend of character and functionality. Each unit provides a unique layout and appeal, distinguishing

    Brian DeYoung Berkshire Hathaway HomeServices Heritage Realty

    Section Image

Source: Ithaca Board of REALTORS®

MLS Number: R1689173

APN: 500700-081-000-0008-004-000-0000

New York Tompkins County Ithaca 14850 South Hill

115 Prospect St, Ithaca, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Brian DeYoung
Brian DeYoung
Listing Agent Section Image
Berkshire Hathaway HomeServices Heritage Realty
(607) 388-5083
Your Personal Tour Guide

Ask me questions while you tour the home.