$559,900
$10K PRICE DROP

Estimated payment $3,914/month

Total Views 12,480
5 Beds
3.5 Baths
2,747 Sq Ft
$204 Price per Sq Ft

Highlights

  • Wood Flooring
  • Furnished
  • Cooling System Mounted In Outer Wall Opening
  • DeWitt Middle School Rated A-
  • Private Yard
  • 4-minute walk to Washington Park

About This Home

This dynamic triplex in the heart of downtown Ithaca is a short walk from restaurants, boutiques and Cornell University on one side and Wegmans and retail shopping galore on the other. This 3-unit features an occupied studio downstairs, an occupied 1BR downstairs, and an occupied 3 BR upstairs, making this an ideal investment property, as all rooms are generating income and rented through July 31. Best of all, the certificate of occupancy is good until Sept 2026 and one tenant has been there seven years, so you have the security of a long term renter. New boiler 3 years ago and a new hot water heater last year. Utilities except phone/cable/internet included. The main roof was replaced/redone in April 2014. In the 3-bedroom apt upstairs, window air conditioning unit is provided for each bedroom and living room. Porch roofs are 2 years old. 3 bedroom and studio come furnished. Net operating income is over $36,000! Gross income is $55,920!

Listing Agent

Kevin Duffey

Howard Hanna S Tier Inc Brokerage Phone: 6072590021 License #10401347101 Listed on: 09/15/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,734

Year Built

  • Built in 1860

Lot Details

  • 7,275 Sq Ft Lot
  • Lot Dimensions are 55x132
  • Rectangular Lot
  • Private Yard

Home Design

  • Triplex
  • Flat Roof Shape
  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Membrane Roofing
  • Asphalt Roof
  • Rubber Roof
  • Aluminum Siding
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,747 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Drapes & Rods
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 2 Car Garage
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Beverly J Martin Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 500700-060-000-0005-017-000-0000

Community Details

Overview

  • Association fees include electricity, gardener, heat, hot water, parking, snow removal, water
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • Operating Expense $8,058
  • Gross Income $55,920
  • Net Operating Income $36,128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,734

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.167
  • Lot Size: 55X132
  • Road Frontage Type: City Street
  • Directions: From Route 13, take the exit toward Meadow Street/NY-13 Business and follow signs into downtown. Continue south on Meadow Street and turn left onto West Seneca Street. Proceed just a few blocks east until 316 W Seneca Street.
  • Architectural Style: Triplex
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1860
  • Attribution Contact: 6072590021
  • Special Features: None
  • Stories: 2
  • Year Built: 1860

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Owner Pays: Electricity, Gas, Grounds Care, Garage, Heat, Hot Water, Snow Removal, Water
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Interior Amenities: Window Treatments
  • Living Area: 2747.0
  • Stories: 2
  • Window Features: Drapes

Exterior Features

  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Aluminum Siding, Vinyl Siding, Copper Plumbing
  • Exterior Features: Private Yard, See Remarks
  • Foundation Details: Block, Stone
  • Property Condition: Resale
  • Roof: Asphalt, Flat, Membrane, Rubber, Shingle

Garage/Parking

  • Parking Features: Common, On Street, Two or More Spaces, Garage

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Electricity, Gardener, Heat, Hot Water, Parking, Snow Removal, Water

Schools

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

Lot Info

  • Parcel #: 500700-060-000-0005-017-000-0000

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 55920.0
  • Property Net Operating Income: 36128.0
  • Annual Operating Expense: 8058.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 11734.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $7,887 $390,000 $48,800 $341,200
2023 $7,348 $330,000 $48,800 $281,200
2022 $10,166 $300,000 $48,800 $251,200
2021 $9,493 $260,000 $48,800 $211,200
2020 $6,009 $260,000 $48,800 $211,200
2019 $6,217 $240,000 $48,800 $191,200
2018 $5,794 $240,000 $48,800 $191,200
2017 $4,980 $200,000 $30,000 $170,000
2016 $5,025 $200,000 $30,000 $170,000
2015 -- $175,000 $30,000 $145,000
2014 -- $175,000 $30,000 $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2025 10/31/25 Price Changed $559,900 -1.8% $204 / Sq Ft
09/15/2025 09/15/25 For Sale $569,900 -- $207 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Crittenden Don R.
Deed $100,000 --
Deed -- --
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1638081

APN: 500700-060-000-0005-017-000-0000