202 Main St Newfield, NY 14867
Estimated payment $2,016/month
Highlights
- Popular Property
- Forced Air Heating System
- High Speed Internet
- Wood Flooring
- Baseboard Heating
- Rectangular Lot
About This Home
Exceptional investment opportunity in a stunning historic building filled with timeless character and architectural charm. This well-maintained property features four apartments, each with separate utilities, allowing tenants to pay their own heat and electric — a major advantage for expense control and predictable ownership costs. The building boasts an outstanding rental history, with long-term tenants and almost no vacancy in over 20 years, reflecting strong demand and attentive ownership. Apartment #4 was completely gutted and thoughtfully remodeled, blending modern updates with the property’s historic appeal. With excellent financials and a proven track record of stability, this turnkey investment offers reliable cash flow and minimal management stress. Be sure to view the virtual tours to fully appreciate the layout, updates, and character of each unit. A rare opportunity to own a proven, income-producing property with decades of consistent performance.
Listing Agent
Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 607-592-9335 License #10401252123 Listed on: 02/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,464
Year Built
- Built in 1895
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 81x140
- Rectangular Lot
Parking
- On-Street Parking
Home Design
- Quadruplex
- Blown-In Insulation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,717 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Newfield Elementary School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Powered By Leased Propane
- Baseboard Heating
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 503400-013-000-0003-018-001-0000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 2 Separate Gas Meters
- Operating Expense $7,079
- Gross Income $38,520
- Net Operating Income $26,977
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 | $5,142 | $185,000 | $10,000 | $175,000 |
| 2023 | $4,229 | $140,000 | $10,000 | $130,000 |
| 2022 | $4,459 | $140,000 | $10,000 | $130,000 |
| 2021 | $4,525 | $140,000 | $10,000 | $130,000 |
| 2020 | $4,477 | $140,000 | $10,000 | $130,000 |
| 2019 | $3,874 | $140,000 | $10,000 | $130,000 |
| 2018 | $4,576 | $140,000 | $10,000 | $130,000 |
| 2017 | $4,244 | $130,000 | $10,000 | $120,000 |
| 2016 | $4,008 | $130,000 | $10,000 | $120,000 |
| 2015 | -- | $120,000 | $10,000 | $110,000 |
| 2014 | -- | $120,000 | $10,000 | $110,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/23/2026 02/23/26 | For Sale | $320,000 | -- | $118 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1663088
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Ask me questions while you tour the home.