
218 Sapsucker Woods Rd Ithaca, NY 14850
Estimated payment $3,128/month
Highlights
- Property is near public transit
- Ceramic Tile Flooring
- 2 Car Garage
- Northeast School Rated A
- Baseboard Heating
- Trails
About This Home
Multi-Family Investment Near Cornell & Sapsucker Woods
Don't miss this fully rented, well-maintained multi-family property just minutes from Cornell University and the renowned Sapsucker Woods bird sanctuary. Offering strong cash flow and long-term potential, this opportunity features four desirable units:
Two 3-bedroom, 1.5-bath apartments
Two 1-bedroom, 1-bath apartments
Each unit is equipped with in-building washer/dryer, dishwasher, and ample parking. Large back and side yard with plenty of room for picnics and play.
Fully rented with a great rental history.
Located close to scenic trails, world-class birdwatching, and all that Ithaca has to offer, this is a smart investment in a sought-after area with built-in stability and future upside.
Highlights:
4 units (2x 3BR/1.5BA, 2x 1BR/1BA)
Strong rental history & long-term tenants
Minutes to Cornell University & Sapsucker Woods
A rare opportunity to own a low-maintenance, income-generating property in a prime Ithaca location.rime Ithaca location.
Listing Agent
Howard Hanna S Tier Inc Brokerage Phone: 607-227-2139 License #30MA0946188 Listed on: 07/17/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,160
Year Built
- Built in 1975
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 100x175
- Rectangular Lot
Parking
- 2 Car Garage
Home Design
- Quadruplex
- Block Foundation
- Asphalt Roof
- Wood Siding
Interior Spaces
- 3,204 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
Location
- Property is near public transit
Schools
- Northeast Elementary School
- Dewitt Middle School
- Ithaca Senior High School
Utilities
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 503089-070-000-0010-003-022-0000
Community Details
Overview
- Association fees include all utilities
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Trails
Building Details
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- Operating Expense $9,602
- Gross Income $64,080
- Net Operating Income $46,318
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/17/2025 07/17/25 | For Sale | $450,000 | +41.1% | $140 / Sq Ft |
10/18/2016 10/18/16 | Sold | $319,000 | 0.0% | -- |
09/18/2016 09/18/16 | Pending | -- | -- | -- |
05/28/2016 05/28/16 | For Sale | $319,000 | -- | -- |
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Source: Ithaca Board of REALTORS®
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