Seller's Agent in 2026
Grace Petrisin
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 592-9335
107 Total Sales
202 Main St Newfield, NY 14867
Newfield Area
5
Beds
4
Baths
2,717
Sq Ft
10,454
Sq Ft Lot
Highlights
- Wood Flooring
- Baseboard Heating
- Rectangular Lot
- Forced Air Heating System
- High Speed Internet
About This Home
As of June 2026Exceptional 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.
Last Agent to Sell the Property
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 8, 2002
Sold by
Bought by
Purchase Details
Closed on
Apr 20, 2000
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 1998
Purchase Details
Closed on
Dec 30, 1993
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $47,900 | Randall Marcus | |
| Deed | $72,000 | Joseph Allen | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $62,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $63,600 | Commercial | |
| Closed | $34,300 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | Sold | $280,000 | -6.4% | $103 / Sq Ft |
| 03/13/2026 03/13/26 | Price Changed | $299,000 | -6.6% | $110 / Sq Ft |
| 02/23/2026 02/23/26 | For Sale | $320,000 | -- | $118 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,171 | $185,000 | $10,000 | $175,000 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Grace Petrisin
-
Sarah Wisdorf
Buyer's Agent in 2026
Sarah Wisdorf
Ithaca Board Reciprocal/Non-member
(607) 257-1001
251 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: R1663088
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Your Personal Tour Guide
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