133 Linden Ave Ithaca, NY 14850
Northwest Ithaca NeighborhoodEstimated payment $7,263/month
Highlights
- Property is near public transit
- Forced Air Heating System
- Vinyl Flooring
- Boynton Middle School Rated A-
- Rectangular Lot
About This Home
Positioned within walking distance to the vibrant center of Cornell University’s Collegetown, this fully leased 8-bedroom rental property offers a rare investment opportunity with remarkable income potential. With proximity to one of the nation’s most prestigious institutions, the property is ideally situated to attract consistent demand from students and faculty alike. Currently generating steady rental income and fully occupied through the 2025 school year, this property delivers immediate cash flow. But it doesn’t stop there—the potential for value-add improvements makes this a prime opportunity for savvy investors to increase returns. Adjacent property at 129 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
- $18,613
Year Built
- Built in 1975
Lot Details
- 4,714 Sq Ft Lot
- Lot Dimensions are 49x96
- Rectangular Lot
Home Design
- Rooming House
- Shingle Roof
- Asphalt Roof
- Siding
Interior Spaces
- 2 Bedrooms
- 2,510 Sq Ft Home
- 3-Story Property
- Walk-Out Basement
Kitchen
- Gas Oven
- Gas Range
Flooring
- Laminate
- Vinyl
Parking
- 3 Car Garage
- No Garage
- Gravel Driveway
Location
- Property is near public transit
Schools
- Belle Sherman Elementary School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 500700-067-000-0003-025-000-0000
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 | $11,528 | $580,000 | $70,000 | $510,000 |
| 2023 | $12,652 | $580,000 | $70,000 | $510,000 |
| 2022 | $20,021 | $580,000 | $70,000 | $510,000 |
| 2021 | $19,516 | $550,000 | $70,000 | $480,000 |
| 2020 | $12,403 | $550,000 | $70,000 | $480,000 |
| 2019 | $13,629 | $500,000 | $70,000 | $430,000 |
| 2018 | $11,824 | $500,000 | $70,000 | $430,000 |
| 2017 | $11,064 | $455,000 | $45,000 | $410,000 |
| 2016 | $11,166 | $455,000 | $45,000 | $410,000 |
| 2015 | -- | $400,000 | $45,000 | $355,000 |
| 2014 | -- | $400,000 | $45,000 | $355,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $1,100,000 | -- | $438 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1654545
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