129 Linden Ave Ithaca, NY 14850
Bryant Park and Belle Sherman NeighborhoodEstimated payment $7,722/month
Highlights
- Deck
- Property is near public transit
- Forced Air Heating System
- DeWitt Middle School Rated A-
- Wood Flooring
- Rectangular Lot
About This Home
Discover a rare opportunity to own a fully-leased, income-generating 8-bedroom rental home located just steps away from the heart of Cornell University's vibrant Collegetown in Ithaca, NY. This prime investment property is perfectly positioned to capitalize on the strong demand for student housing, offering consistent cash flow and significant upside potential through strategic value-add enhancements. Adjacent property at 133 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.
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
- $20,860
Year Built
- Built in 1980
Lot Details
- 5,053 Sq Ft Lot
- Lot Dimensions are 54x94
- Rectangular Lot
Home Design
- Rooming House
- Shingle Roof
- Asphalt Roof
- Siding
Interior Spaces
- 17 Bedrooms
- 2,402 Sq Ft Home
- 2-Story Property
- Walk-Out Basement
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
Flooring
- Wood
- Luxury Vinyl Tile
Laundry
- Dryer
- Washer
Parking
- 3 Car Garage
- No Garage
- Gravel 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
Additional Features
- Deck
- Property is near public transit
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tax Lot 94
- Assessor Parcel Number 500700-067-000-0003-024-000-0000
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 | $12,899 | $650,000 | $60,000 | $590,000 |
| 2023 | $14,160 | $650,000 | $60,000 | $590,000 |
| 2022 | $22,457 | $650,000 | $60,000 | $590,000 |
| 2021 | $21,952 | $620,000 | $60,000 | $560,000 |
| 2020 | $13,943 | $620,000 | $60,000 | $560,000 |
| 2019 | $15,170 | $560,000 | $60,000 | $500,000 |
| 2018 | $13,229 | $560,000 | $60,000 | $500,000 |
| 2017 | $12,268 | $505,000 | $45,000 | $460,000 |
| 2016 | $12,381 | $505,000 | $45,000 | $460,000 |
| 2015 | -- | $450,000 | $45,000 | $405,000 |
| 2014 | -- | $450,000 | $45,000 | $405,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $1,150,000 | -- | $479 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1654542
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