$540,000
PENDING $10K PRICE DROP

Estimated payment $3,847/month

Total Views 9,212
5 Beds
4 Baths
3,080 Sq Ft
$175 Price per Sq Ft

Highlights

  • Deck
  • Accessible Doors
  • Rectangular Lot
  • South Hill School Rated A-
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

Excellent 4-unit rental property with a freshly painted exterior throughout. Fully leased turn-key apartments, sized for maximum rentability and market demand. Three 1 bedroom units and one 2 bedroom apartment. Great Downtown location with immediate proximity to local employers, restaurants, and bus lines for Cornell University and Ithaca College. Ideal 1031 exchange opportunity and/or low maintenance addition to one’s real estate portfolio. Newer mechanicals, on site laundry, hardwood floors, and spacious apartments. High ceilings throughout and great natural light. Clean basements and lots of storage space. Professionally managed building. Call your agent for details! Capitalize on Downtown Ithaca's long term economic growth and rental appreciation.

Listing Agent

David Barken

Howard Hanna S Tier Inc Brokerage Phone: 607-319-6380 License #10401313416 Listed on: 06/23/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,616

Year Built

  • Built in 1900

Lot Details

  • 4,804 Sq Ft Lot
  • Lot Dimensions are 50x96
  • Partially Fenced Property
  • Rectangular Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Poured Concrete
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3,080 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Schools

  • South Hill Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Accessible Doors
  • Deck

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 500700-081-000-0009-003-000-0000

Community Details

Overview

  • Association fees include heat
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $69,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,616

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 50X96
  • Directions: From Clinton st. toward S. Aurora turn right onto Turner pl. Street parking.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1900
  • Attribution Contact: 607-319-6380
  • Special Features: None
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Heat, Other, See Remarks
  • Accessibility Features: Accessible Doors
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Varies, Vinyl
  • Living Area: 3080.0
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Lot Features: Other, Rectangular, Rectangular Lot, See Remarks
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Deck, Fence
  • Foundation Details: Poured
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Heat, Other, See Remarks

Schools

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

Lot Info

  • Lot Size Sq Ft: 4804.0
  • Parcel #: 500700-081-000-0009-003-000-0000
  • Zoning Description: Residential 2 Unit

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 69120.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 12616.0
  • Tax Lot: 3

Map

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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 $8,165 $400,000 $40,000 $360,000
2023 $11,305 $510,000 $40,000 $470,000
2022 $17,751 $510,000 $40,000 $470,000
2021 $17,246 $480,000 $40,000 $440,000
2020 $10,982 $480,000 $40,000 $440,000
2019 $9,596 $440,000 $40,000 $400,000
2018 $10,535 $440,000 $40,000 $400,000
2017 $9,536 $400,000 $25,000 $375,000
2016 $8,725 $350,000 $25,000 $325,000
2015 -- $225,000 $25,000 $200,000
2014 -- $225,000 $25,000 $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2025 12/30/25 Pending -- -- --
07/29/2025 07/29/25 Price Changed $540,000 -1.8% $175 / Sq Ft
06/23/2025 06/23/25 For Sale $550,000 +31.7% $179 / Sq Ft
08/28/2017 08/28/17 Sold $417,500 -0.5% -- View Prior Sale
07/29/2017 07/29/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $419,500 -- --
Source: Ithaca Board of REALTORS®

Source: Ithaca Board of REALTORS®

MLS Number: R1617175