$750,000

Estimated payment $5,199/month

Total Views 697
8 Beds
4 Baths
3,700 Sq Ft
$203 Price per Sq Ft

Highlights

  • Deck
  • Property is near public transit
  • Thermal Windows
  • South Hill School Rated A-
  • Wood Flooring
  • Cedar Closet

About This Home

An outstanding investment on Ithaca’s South Hill, this well-positioned multifamily/student housing property delivers stable income, strong tenant demand, and long-term value. Approved for 9 unrelated tenants, this property rents a year in advance. Each unit comes fully furnished with appliances including washer/dryer, microwave, range/oven, and refrigerator, and features modern finishes such as hardwood laminate flooring, central air conditioning, and recent renovations that enhance durability and reduce maintenance costs. A spacious yard and outdoor common area further boost tenant appeal. Ideally located within walking distance of Ithaca Commons, Cornell University, and Ithaca College, with seamless access to public transit, restaurants, and shops, the property combines premium location, consistent occupancy, and modern amenities; making it a rare, turn-key opportunity in one of New York’s strongest college-town rental markets.

Listing Agent

Matthew Poole

Howard Hanna S Tier Inc License #10401392815 Listed on: 08/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,441

Year Built

  • Built in 1843

Lot Details

  • 6,490 Sq Ft Lot
  • Lot Dimensions are 52x129
  • Property is Fully Fenced
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Stone Foundation
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding
  • Copper Plumbing
  • Stone

Interior Spaces

  • 3,700 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Drapes & Rods

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Cedar Closet
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting

Schools

  • South Hill Elementary School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Programmable Thermostat
  • 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
  • Assessor Parcel Number 500700-081-000-0005-003-000-0000

Community Details

Overview

  • Association fees include gardener
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $78,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,441

Year Built

Built in 1843

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.149
  • Lot Size: 52X129
  • Directions: Between Hudson St and Aurora on 1 way street. Enter from Hudson.
  • Architectural Style: Triplex
  • Efficiency: Appliances, HVAC, Lighting
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1843
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1843

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Owner Pays: Grounds Care
  • Has Basement: Full, Walk-Out Access, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
  • Interior Amenities: Cedar Closet(s), Window Treatments, Programmable Thermostat
  • Living Area: 3700.0
  • Stories: 3
  • Window Features: Drapes, Thermal Windows

Exterior Features

  • Fencing: Full
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot
  • Waterfront: No
  • Construction Type: Aluminum Siding, Stone, Vinyl Siding, Copper Plumbing
  • Exterior Features: Deck, Fully Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Zoned, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Gas, Zoned, Baseboard, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • 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: Gardener

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 500700-081-000-0005-003-000-0000
  • Zoning Description: Residential Multi Use

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 78840.0
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 13441.0

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

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 $15,445 $560,000 $50,000 $510,000
2023 $8,775 $400,000 $50,000 $350,000
2022 $12,904 $370,000 $50,000 $320,000
2021 $12,567 $350,000 $50,000 $300,000
2020 $7,948 $350,000 $50,000 $300,000
2019 $9,238 $320,000 $50,000 $270,000
2018 $7,609 $320,000 $50,000 $270,000
2017 $9,238 $295,000 $35,000 $260,000
2016 $7,278 $295,000 $35,000 $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 For Sale $750,000 -- $203 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $137,000 Edward A. Mazza
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $384,000 Adjustable Rate Mortgage/ARM
Closed $292,500 Commercial
Previous Owner $70,000 Commercial
Source: Public Records

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Source: Ithaca Board of REALTORS®

MLS Number: R1633272

APN: 500700-081-000-0005-003-000-0000