$2,100,000

204-208 W Spencer St Ithaca, NY 14850

Estimated payment $14,431/month

-- Bed
-- Bath
10,230 Sq Ft
$205 Price per Sq Ft

Highlights

  • Wood Flooring
  • Zoned Heating and Cooling
  • Rectangular Lot
  • Boynton Middle School Rated A-
  • Baseboard Heating

About This Home

Offered for the first time in nearly half a century, this exceptionally well-maintained multifamily portfolio has been in the same family for 49 years. The property includes a total of 19 fully rented apartment units, each with dedicated parking.
Located in the heart of Ithaca - close to public transportation, shopping, restaurants, Ithaca College, and Cornell University. This is an unbeatable investment in one of the most sought -after rental markets in the area. Addresses included: 204, 206, 208, & 210 W Spencer Street, Package Price of 2.1M. Long - term care, numerous updates, a prime location, and strong rental history make this a rare opportunity you won't want to miss.

Listing Agent

Zoe Leonard

Howard Hanna S Tier Inc Brokerage Phone: 917-887-5458 License #10301222025 Listed on: 11/21/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $40,090

Year Built

  • Built in 1975

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 185x195
  • Rectangular Lot
  • 500700-093-000-0006-009-000-0000

Home Design

  • Asphalt Roof

Interior Spaces

  • 10,230 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Linoleum
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 19 Parking Spaces
  • Driveway
  • Surface Parking

Schools

  • South Hill Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • 4 Buildings
  • 19 Units

Listing and Financial Details

  • Assessor Parcel Number 500700-093-000-0006-008-000-0000

Property Details

Home Type

Apartment

Est. Annual Taxes

$40,090

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.61
  • Lot Size: 185X195
  • Inclusions: Building Only
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1975
  • Property Sub Type Additional: Apartment
  • Attribution Contact: 917-887-5458
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1975

Interior Features

  • Number Of Buildings: 4
  • Possible Use: Residential
  • Has Basement: Full, Partial
  • Basement YN: Yes
  • Fireplace: No
  • Flooring: Hardwood, Linoleum, Varies, Vinyl
  • Living Area: 10230.0
  • Stories: 3

Exterior Features

  • Lot Features: Rectangular, Rectangular Lot
  • Waterfront: No
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: Driveway, Surfaced
  • Total Parking Spaces: 19.0

Utilities

  • Cooling: Zoned
  • Heating: Gas, Zoned, Baseboard, Hot Water
  • Heating Yn: Yes
  • Utilities: Water Connected
  • Water Source: Public

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Additional Parcels Description: 500700-093-000-0006-009-000-0000
  • Parcel #: 500700-093-000-0006-008-000-0000
  • Zoning Description: Residential Multi Use
  • Zoning: R-3B

Multi Family

  • Number Of Units Total: 19

Tax Info

  • Tax Annual Amount: 40090.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 For Sale $2,100,000 -- $205 / Sq Ft
Source: Ithaca Board of REALTORS®

Source: Ithaca Board of REALTORS®

MLS Number: R1651975

New York Tompkins County Ithaca 14850

204-208 W Spencer St, Ithaca, NY

For Sale

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Listing Agent
Zoe Leonard
Section Image
Howard Hanna S Tier Inc
(607) 360-4754