$745,000
UNDER CONTRACT

Estimated payment $4,797/month

Total Views 7,364
9 Beds
6 Baths
5,488 Sq Ft
$136 Price per Sq Ft

Highlights

  • Wood Flooring
  • Zoned Heating and Cooling
  • 4 Car Garage
  • South Hill School Rated A-
  • Baseboard Heating
  • High Speed Internet

About This Home

Well maintained and updated investment opportunity located three blocks from the Ithaca Commons. This 4 unit home has two three bedrooms apartments with two full bathrooms located in the front of the building. The back part of the house has a two bedroom apartment and a one bedroom apartment. All are fully rented until the summer of 2026. There's back yard space with a paced driveway, plenty of parking and a 4 car garage.

Listing Agent

Jill Rosentel

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 607-280-2491 License #10301201202 Listed on: 04/18/2025

Co-Listing Agent

Joshua Cope

Greenscope Properties LLC Brokerage Phone: 607-280-2491 License #10491205100

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 10,432 Sq Ft Lot
  • Lot Dimensions are 81x128
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 5,488 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Schools

  • South Hill Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 500700-081-000-0005-006-000-0000

Community Details

Overview

  • Association fees include electricity, water
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • Operating Expense $7,000
  • Gross Income $87,432
  • Net Operating Income $80,432

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.2395
  • Lot Size: 81X128
  • Road Frontage Type: Main Thoroughfare
  • Co List Office Mls Id: IB1028
  • Co List Office Phone: 607-351-2109
  • Directions: Use google maps
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1975
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 607-280-2491
  • Special Features: UnderContract
  • Stories: 3
  • Year Built: 1975

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Electricity, Water
  • Has Basement: Exterior Entry, Full, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Hardwood, Varies
  • Living Area: 5488.0
  • Stories: 3

Exterior Features

  • Lot Features: Rectangular, Rectangular Lot
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Paved, Two or More Spaces

Utilities

  • Cooling: Zoned
  • Heating: Gas, Zoned, Baseboard, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Electricity Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Electricity, Water

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 10432.0
  • Parcel #: 500700-081-000-0005-006-000-0000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 87432.0
  • Property Net Operating Income: 80432.0
  • Annual Operating Expense: 7000.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1

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

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 For Rent $2,250 0.0% --
04/18/2025 04/18/25 For Sale $745,000 0.0% $136 / Sq Ft
10/08/2024 10/08/24 Off Market $2,250 -- --
Source: Ithaca Board of REALTORS®

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Source: Ithaca Board of REALTORS®

MLS Number: R1600054