$1,950,000
$150K PRICE DROP

204-208 W Spencer St Ithaca, NY 14850

Ithaca Area

Estimated payment $13,936/month

Total Views 31,887
-- Bed
-- Bath
10,230 Sq Ft
$191 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

  • 26,572 Sq Ft 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

0.61 Acres

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

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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
06/16/2026 06/16/26 Price Changed $1,950,000 -7.1% $191 / 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

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