116 Cook St Ithaca, NY 14850
Estimated payment $6,341/month
Highlights
- Deck
- Property is near public transit
- Woodwork
- DeWitt Middle School Rated A-
- Wood Flooring
- Forced Air Heating System
About This Home
Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.
Listing Agent
Howard Hanna S Tier Inc Brokerage Phone: 607-342-2148 License #10301200763 Listed on: 12/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,332
Year Built
- Built in 1980
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x132
- Rectangular Lot
Home Design
- Rooming House
- Asphalt Roof
- Siding
Interior Spaces
- 9 Bedrooms
- 2,973 Sq Ft Home
- 2-Story Property
- Woodwork
- Walk-Out Basement
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
Flooring
- Wood
- Luxury Vinyl Tile
Parking
- 3 Car Garage
- No Garage
- Driveway
Schools
- Belle Sherman Elementary School
- Dewitt Middle School
- Ithaca Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
Additional Features
- Deck
- Property is near public transit
Community Details
- 2 Units
- Laundry Facilities
- 1 Separate Gas Meter
Listing and Financial Details
- Assessor Parcel Number 500700-068-000-0005-015-000-0000
Map
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 | $13,879 | $700,000 | $130,000 | $570,000 |
| 2023 | $14,160 | $650,000 | $130,000 | $520,000 |
| 2022 | $22,466 | $650,000 | $130,000 | $520,000 |
| 2021 | $21,961 | $620,000 | $130,000 | $490,000 |
| 2020 | $13,690 | $620,000 | $130,000 | $490,000 |
| 2019 | $14,648 | $520,000 | $130,000 | $390,000 |
| 2018 | $12,292 | $520,000 | $130,000 | $390,000 |
| 2017 | $11,545 | $475,000 | $65,000 | $410,000 |
| 2016 | $11,652 | $475,000 | $65,000 | $410,000 |
| 2015 | -- | $450,000 | $65,000 | $385,000 |
| 2014 | -- | $450,000 | $65,000 | $385,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $895,000 | -- | $301 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1654546
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