UNDER CONTRACT
$15K PRICE DROP
218 Delaware Ave Ithaca, NY 14850
Bryant Park and Belle Sherman NeighborhoodEstimated payment $10,303/month
Total Views
7,481
19
Beds
--
Bath
5,154
Sq Ft
$281
Price per Sq Ft
Highlights
- Property is near public transit
- Wood Flooring
- Storm Windows
- DeWitt Middle School Rated A-
- Main Floor Bedroom
- Accessible Bedroom
About This Home
Rare Collegetown multifamily investment opportunity. This five-unit property offers more than 5,100 square feet of living space in one of Ithaca’s most sought-after rental markets. Featuring spacious apartments, attractive interior finishes, and off-street parking, the property offers a compelling blend of character and functionality. Each unit provides a unique layout and appeal, distinguishing it from more standardized rental properties. The interior has been well maintained, while exterior cosmetic improvements may provide an opportunity for future value enhancement. Conveniently located near educational institutions, downtown Ithaca, employment centers, shopping, dining, and public transportation, this property is well-positioned for investors seeking to expand or strengthen their portfolio. A second multifamily property on Delaware Avenue is also available, ( 210) creating a unique opportunity for investors interested in acquiring multiple assets in the same neighborhood. #1-2bedroom
#2-3 bedroom
#3-5 bedroom
#4-5 bedroom
#5-4 bedroom, 2 bath 5 units, totalling 19 bedrooms.
Listing Agent
Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 06/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,821
Year Built
- Built in 1900
Lot Details
- 6,079 Sq Ft Lot
- Lot Dimensions are 60x111
- Rectangular Lot
Home Design
- Frame Construction
- Pitched Roof
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Copper Plumbing
Interior Spaces
- 5,154 Sq Ft Home
- 3-Story Property
- Partially Finished Basement
- Partial Basement
- Storm Windows
Kitchen
- Electric Oven
- Electric Range
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 19 Bedrooms
- Main Floor Bedroom
Parking
- 1 Car Garage
- No Garage
- Driveway
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
- Energy-Efficient Lighting
Schools
- Belle Sherman Elementary School
- Boynton Middle School
- Ithaca Senior High School
Utilities
- Zoned Heating and Cooling
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Accessible Bedroom
- Property is near public transit
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 500700-067-000-0003-002-000-0000
Community Details
Overview
- Association fees include common area maintenance, heat
- 5 Units
Building Details
- 6 Separate Electric Meters
- 1 Separate Gas Meter
- Operating Expense $65,790
- Gross Income $238,000
- Net Operating Income $143,389
Map
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Home Values in the Area
Average Home Value in this Area
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 | $38,992 | $1,200,000 | $150,000 | $1,050,000 |
| 2024 | $23,922 | $1,200,000 | $150,000 | $1,050,000 |
| 2023 | $22,369 | $1,020,000 | $150,000 | $870,000 |
| 2022 | $35,265 | $1,020,000 | $150,000 | $870,000 |
| 2021 | $34,423 | $970,000 | $150,000 | $820,000 |
| 2020 | $21,951 | $970,000 | $150,000 | $820,000 |
| 2019 | $23,633 | $880,000 | $150,000 | $730,000 |
| 2018 | $20,896 | $880,000 | $150,000 | $730,000 |
| 2017 | $19,534 | $800,000 | $45,000 | $755,000 |
| 2016 | $19,714 | $800,000 | $45,000 | $755,000 |
| 2015 | -- | $680,000 | $45,000 | $635,000 |
| 2014 | -- | $680,000 | $45,000 | $635,000 |
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 |
|---|---|---|---|---|
| 07/09/2026 07/09/26 | Price Changed | $1,450,000 | -1.0% | $281 / Sq Ft |
| 07/08/2026 07/08/26 | Price Changed | $1,465,000 | 0.0% | $284 / Sq Ft |
| 06/24/2026 06/24/26 | For Sale | $1,465,390 | -- | $284 / Sq Ft |
Source: Ithaca Board of REALTORS®
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 | $495,000 | Edward Mazza |
Source: Public Records
About the Listing Agent
Brian has always loved homes, building homes, designing homes, and owning homes. He probably inherited that trait from his grandfather who built homes for his retirement income. While working with him, Brian saw firsthand the beauty and income that could be created with a few solid real estate investments. To date, Brian has owned over a dozen investment properties, built his own home, and helped many people understand investment properties, or simply buy their first home. He continues to learn
Brian's Other Listings
Source: Ithaca Board of REALTORS®
MLS Number: R1693102
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