$265,000
SOLD OCT 30, 2025

2451 N Triphammer Rd Ithaca, NY 14850

5 Beds
3.5 Baths
2,739 Sq Ft
1.02 Acres

Recently Sold

$97 Per Sq Ft

9% Below List Price

59 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Corner Lot
  • DeWitt Middle School Rated A-
  • 1 Fireplace
  • Woodwork

About This Home

As of October 2025

OPPORTUNITY KNOCKS! Prime development location with municipal services offers income to carry. This 3 unit investment property... two bedroom and two 1 bedrooms... currently is leased below market rent and with some updating and vision could be a gem of a money maker. Solid building close to Cayuga Mall, Triphammer Mall and Pyramid Mall and medical. Large expansive one acre lot with two roads of frontage offers expansion possibilities. Adjacent investment property with municipal services may have right of first refusal or possibly purchased at the same time for a total of 1.7 acres. Property is being sold "as-is".

Last Agent to Sell the Property

Kathleen Markowski

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-342-0778 License #30MA0818780 Listed on: 06/20/2025

Last Buyer's Agent

Alanie Woodin

RE/MAX In Motion License #10401354150

RE/MAX In Motion

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1839

Lot Details

  • 1.02 Acre Lot
  • Lot Dimensions are 199x198
  • Corner Lot
  • Rectangular Lot

Home Design

  • Triplex
  • Poured Concrete
  • Metal Roof

Interior Spaces

  • 2,739 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • 1 Fireplace

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Car Garage
  • Parking Available

Location

  • Property is near public transit

Schools

  • Beverly J Martin Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, heat, water
  • Assessor Parcel Number 503201-045-002-0001-022-000-0000

Community Details

Overview

  • Association fees include common area maintenance, heat, water
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 1839

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.02
  • Lot Size: 199X198
  • Directions: North Triphammer past McDonalds and Lama on the right on the corner of Brook Road.
  • Architectural Style: Triplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing Unknown
  • Year Built: 1839
  • Attribution Contact: 607-342-0778
  • Special Features: None
  • Stories: 2
  • Year Built: 1839

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Grounds Care, Heat, Water
  • Has Basement: Partial, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile, Varies
  • Interior Amenities: Ceiling Fan(s), Natural Woodwork
  • Living Area: 2739.0
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
  • Waterfront: No
  • Construction Type: Other, See Remarks
  • Foundation Details: Other, Poured, See Remarks
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Heat, Water

Schools

  • Elementary School: Beverly J Martin Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 503201-045-002-0001-022-000-0000
  • Zoning Description: Other - See Remarks

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 6700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2013
Sold by
Gersh, Nancy G. D/B/A Quality Rentals Of Itha
Bought by
Shipman Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,225
Outstanding Balance
$98,025
Interest Rate
3.41%
Mortgage Type
New Conventional
Estimated Equity
$208,394
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $164,970 Mazza Edward
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,225 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 Sold $265,000 -8.6% $97 / Sq Ft
08/18/2025 08/18/25 Pending -- -- --
06/20/2025 06/20/25 For Sale $290,000 -- $106 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $7,118 $290,000 $90,200 $199,800
2023 $5,613 $209,000 $90,200 $118,800
2022 $5,223 $190,000 $90,200 $99,800
2021 $5,055 $180,000 $90,200 $89,800
2020 $5,016 $180,000 $90,200 $89,800
2019 $1,760 $180,000 $90,200 $89,800
2018 $4,565 $160,000 $90,200 $69,800
2017 $4,636 $160,000 $50,000 $110,000
2016 $4,642 $160,000 $50,000 $110,000
2015 -- $160,000 $50,000 $110,000
2014 -- $160,000 $50,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Markowski

    Seller's Agent in 2025

    Kathleen Markowski

    Warren Real Estate of Ithaca Inc.

    (607) 342-0778

    5 in this area

    37 Total Sales

    Kathleen Markowski
    Section Image
  • Alanie Woodin

    Buyer's Agent in 2025

    Alanie Woodin

    RE/MAX

    2 in this area

    54 Total Sales

    Alanie Woodin
    Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: R1616828

APN: 503201-045-002-0001-022-000-0000

New York Tompkins County Ithaca 14850

2451 N Triphammer Rd, Ithaca, NY

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes