316 W Seneca St Ithaca, NY 14850
Washington Park NeighborhoodEstimated payment $3,914/month
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
Howard Hanna S Tier Inc Brokerage Phone: 6072590021 License #10401347101 Listed on: 09/15/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Crittenden Don R. | |
| Deed | $100,000 | -- | |
| Deed | -- | -- |
Source: Ithaca Board of REALTORS®
MLS Number: R1638081
APN: 500700-060-000-0005-017-000-0000
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