Seller's Agent in 2025
Emily Russell
Warren Real Estate of Ithaca Inc.
(607) 280-7359
2 in this area
11 Total Sales
206 Sapsucker Woods Rd Ithaca, NY 14850
6
Beds
6
Baths
3,316
Sq Ft
0.4
Acres
Highlights
- Deck
- Property is near public transit
- Thermal Windows
- Northeast School Rated A
- Private Yard
- Brick or Stone Mason
About This Home
As of August 2025Fully rented multi-family investment opportunity just minutes from Cornell and Sapsucker Woods! This well-cared for property features four desirable units—two 2-bedroom, 1.5-bath apartments and two 1-bedroom, 1-bath apartments—each with in-unit washer/dryer, dishwasher, and air conditioning. Apartment 2A includes a private garage and deck, while the remaining units share access to the front and side yards. A new boiler and hot water heater were installed earlier this year. Owned by the same seller for 18 years, the property boasts a strong rental history, with three long-term tenants in place for over five years. Set in a prime location near scenic trails and world-renowned birdwatching, this is a turn-key investment offering solid income and promising long-term potential.
Last Agent to Sell the Property
Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-280-7359 License #10401375685 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,704
Year Built
- Built in 1975
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 100x175
- Partially Fenced Property
- Rectangular Lot
- Private Yard
Parking
- 1 Car Garage
- Parking Available
- Garage Door Opener
Home Design
- Quadruplex
- Brick or Stone Mason
- Block Foundation
- Frame Construction
- Blown-In Insulation
- Pitched Roof
- Asphalt Roof
- Wood Siding
- Shake Siding
- Copper Plumbing
- Cedar
Interior Spaces
- 3,316 Sq Ft Home
- 2-Story Property
- Thermal Windows
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Schools
- Northeast Elementary School
- Dewitt Middle School
- Ithaca Senior High School
Utilities
- Zoned Heating and Cooling
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- The owner pays for grounds care, heat, hot water, snow removal, water
- Tax Lot 3
- Assessor Parcel Number 70.-10-3.19
Community Details
Overview
- Association fees include common area maintenance, gardener, heat, hot water, snow removal, water
- 4 Units
- Northeast Subdivision
Recreation
- Trails
Building Details
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- Operating Expense $4,906
- Gross Income $62,316
- Net Operating Income $47,706
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $557,001 | +2.2% | $168 / Sq Ft |
| 07/28/2025 07/28/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | For Sale | $545,000 | -- | $164 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History Compared to Growth
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 | $9,704 | $340,000 | $35,000 | $305,000 |
| 2023 | $10,474 | $340,000 | $35,000 | $305,000 |
| 2022 | $11,012 | $340,000 | $35,000 | $305,000 |
| 2021 | $10,844 | $330,000 | $35,000 | $295,000 |
| 2020 | $10,475 | $330,000 | $35,000 | $295,000 |
| 2019 | $5,001 | $310,000 | $35,000 | $275,000 |
| 2018 | $10,254 | $310,000 | $35,000 | $275,000 |
| 2017 | $10,022 | $300,000 | $35,000 | $265,000 |
| 2016 | $9,274 | $275,000 | $35,000 | $240,000 |
| 2015 | -- | $260,000 | $35,000 | $225,000 |
| 2014 | -- | $260,000 | $35,000 | $225,000 |
Source: Public Records
Agents Affiliated with this Home
-
Emily Russell
-
Tyler Parseghian
Buyer's Agent in 2025
Tyler Parseghian
Howard Hanna S Tier Inc
(315) 406-2852
1 in this area
17 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: R1618852
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