$2,100,000

204-208 W Spencer St Ithaca, NY 14850

Estimated payment $14,355/month

Total Views 2,101
15 Beds
-- Bath
10,230 Sq Ft
$205 Price per Sq Ft

Highlights

  • Barn
  • Deck
  • Baseboard Heating
  • Boynton Middle School Rated A-
  • Wood Flooring
  • High Speed Internet

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 License #10301222025 Listed on: 11/21/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,090

Year Built

  • Built in 1975

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 185x126
  • Rectangular Lot
  • 500700-093-000-0006-009-000-0000

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 15 Bedrooms
  • 10,230 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 3 Car Garage
  • No Garage
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Deck
  • Outbuilding

Schools

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

Farming

  • Barn

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

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

Community Details

Overview

  • Association fees include common area maintenance, snow removal, water
  • 19 Units

Amenities

  • Community Storage Space

Building Details

  • 21 Separate Electric Meters
  • 20 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,090

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Lot Size Acres: 0.61
  • Lot Size: 185X126
  • Road Frontage Type: City Street, Main Thoroughfare, Right of Way
  • Garage Yn: No
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1975
  • Property Sub Type Additional: Other
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1975

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Owner Pays: Grounds Care, Snow Removal, Water
  • Has Basement: Full, Finished, Partially Finished
  • Basement YN: Yes
  • Total Bedrooms: 15
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Living Area: 10230.0
  • Stories: 3

Exterior Features

  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Block, Frame, Concrete
  • Exterior Features: Blacktop Driveway, Deck, Gravel Driveway
  • Other Structures: Barn(s), Outbuilding
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage, Shared Driveway

Utilities

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

Condo/Co-op/Association

  • Community Features: Storage Facilities
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Snow Removal, Water

Schools

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

Lot Info

  • Lot Size Sq Ft: 16988.0
  • Additional Parcels Description: 500700-093-000-0006-009-000-0000
  • Parcel #: 500700-093-000-0006-008-000-0000

Multi Family

  • Number Of Units Total: 19
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 20

Tax Info

  • Tax Annual Amount: 40090.0

Map

Range of Values:

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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: R1651764

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