$349,000
UNDER CONTRACT

Estimated payment $2,699/month

Total Views 9,718
4 Beds
3 Baths
2,022 Sq Ft
$173 Price per Sq Ft

Highlights

  • Hot Property
  • Deck
  • Wood Flooring
  • Cayuga Heights Elementary School Rated A-
  • Property is near public transit
  • Hot Water Heating System

About This Home

Located in prestigious Cornell Heights, directly adjacent to Cornell University and just steps from campus, this charming bungalow style duplex presents a rare investment opportunity in one of Ithaca's most sought after neighborhoods. The first floor features a spacious 2 bedroom, 2 bath apartment with off street parking, a carport, and a private deck overlooking a large wooded lot. The lower level offers a 2 bedroom, 1 bath apartment, also with off street parking and beautiful views of the surrounding natural setting. With a solid rental history and an unbeatable location so close to campus, this is an exceptional opportunity to own an income property in Cornell Heights for under 350,000. Also available is an adjacent 2.5 acre parcel with building potential - R1663150. Purchase both and live in the duplex while designing and building your dream home, or secure the additional land for privacy, future development, long term investment value. Square footage is from the photographers floorplans- 1206 upstairs and 816 downstairs for a total of 2022. Offers will be reviewed March 5th 2026

Listing Agent

Kathleen Seaman

Warren Real Estate of Ithaca Inc. License #30SE0908346 Listed on: 02/25/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,837

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 121x92
  • Irregular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2,022 Sq Ft Home
  • 2-Story Property
  • Walk-Out Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Cayuga Heights Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 8.-1-6

Community Details

Overview

  • Association fees include all utilities
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Operating Expense $17,906
  • Gross Income $41,665
  • Net Operating Income $12,922

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,837

Year Built

Built in 1920

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size: 121X92
  • Road Frontage Type: City Street
  • Architectural Style: Duplex
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1920
  • Special Features: 4224
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: All Utilities
  • Has Basement: Walk-Out Access
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Living Area: 2022.0
  • Stories: 2

Exterior Features

  • Lot Features: Irregular Lot, Near Public Transit, Residential Lot
  • Waterfront: No
  • Construction Type: Cedar
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Two or More Spaces

Utilities

  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Fuses
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: All Utilities

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Parcel #: 8.-1-6

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 41665.0
  • Property Net Operating Income: 12922.0
  • Annual Operating Expense: 17906.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 10837.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $6,826 $340,000 $116,300 $223,700
2023 $6,557 $297,000 $116,300 $180,700
2022 $9,259 $275,000 $116,300 $158,700
2021 $8,754 $245,000 $116,300 $128,700
2020 $5,637 $245,000 $116,300 $128,700
2019 $2,578 $230,000 $116,300 $113,700
2018 $5,502 $230,000 $116,300 $113,700
2017 $5,647 $230,000 $68,000 $162,000
2016 $5,699 $230,000 $68,000 $162,000
2015 -- $215,000 $68,000 $147,000
2014 -- $215,000 $68,000 $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2026 02/25/26 For Sale $349,000 -- $173 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $500,000 None Available
Interfamily Deed Transfer $109,000 --
Deed $109,900 --
Source: Public Records

About the Listing Agent

Kathleen Seaman

Warren Real Estate of Ithaca Inc.

(607) 350-2727

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Kate Seaman, proud native of Ithaca, New York, and enthusiast of Cayuga Lake, Ithaca Schools, and the captivating Finger Lakes region. While her journey took her away for college and into a thriving career in retail management, the magnetic pull of her beloved hometown drew her back, sparking her venture into real estate.

With a career spanning since 2000, Kate stands among the top one percent of Realtors at Warren Real Estate and the entire Ithaca Board of Realtors. Her commitment to

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Source: Ithaca Board of REALTORS®

MLS Number: R1663151

APN: 500700-008-000-0001-006-000-0000

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