$1,350,000

408 Hillview Place Ithaca, NY 14850

South Hill Neighborhood

Estimated payment $9,409/month

Total Views 47,844
13 Beds
5 Baths
5,954 Sq Ft
$227 Price per Sq Ft

Highlights

  • Property is near public transit
  • Wood Flooring
  • Covered Patio or Porch
  • South Hill School Rated A-
  • Main Floor Bedroom
  • Storm Windows

About This Home

Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms. The property provides ample off-street parking along with a five-bay garage, offering additional income potential or utility space. The property is well-suited for student housing or multi-unit leasing, offering a strong rental history and consistent demand in the vibrant Ithaca market. Well-maintained and thoughtfully arranged for maximum occupancy and convenience, this property represents a rare chance to secure immediate income and long-term value in one of upstate New York’s most resilient rental markets. This asset offers both immediate cash flow and long-term value appreciation. The property’s multi-building composition allows for diverse leasing structures and simplified management under a single parcel. An exceptional portfolio addition or stand-alone investment, this property positions new ownership to capture stable returns in one of New York’s most reliable rental markets.

Listing Agent

Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty Brokerage Phone: 607-428-0708 License #30DE1022539 Listed on: 01/27/2026

Berkshire Hathaway HomeServices Heritage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,654

Year Built

  • Built in 1980

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 127x150
  • Rectangular Lot

Parking

  • 5 Car Garage
  • Parking Available
  • Common or Shared Parking

Home Design

  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Blown-In Insulation
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,954 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Storage
  • Storm Windows

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Main Floor Bedroom
  • 5 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Accessible Home Design

  • Low Threshold Shower
  • Accessible Bedroom
  • Accessible Doors
  • No Interior Steps
  • Accessible Entrance

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 92.-6-6

Community Details

Overview

  • Association fees include water
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,654

Year Built

Built in 1980

Lot Details

4,792 Sq Ft Lot

Parking

5

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 127X150
  • Road Frontage Type: City Street
  • Directions: South Aurora Street to right on Hillview Place
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1980
  • Attribution Contact: 607-428-0708
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1980

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Water
  • Accessibility Features: Accessible Bedroom, Low Threshold Shower, No Stairs, Accessible Doors, Accessible Entrance
  • Has Basement: Full, None, Sump Pump
  • Basement YN: No
  • Full Bathrooms: 5
  • Total Bedrooms: 13
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Other, See Remarks, Storage, Natural Woodwork, Bedroom on Main Level
  • Living Area: 5954.0
  • Stories: 2
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Blown-In Insulation, Block, Frame, Other, Concrete, Stucco, Wood Siding
  • Foundation Details: Block, Poured
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Resale
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 5.0
  • Parking Features: Common, Garage, Paved, Parking Available, Two or More Spaces

Utilities

  • Laundry Features: Common Area
  • Heating: Electric, Gas, Baseboard, Forced Air
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Water

Schools

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

Lot Info

  • Parcel #: 92.-6-6

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 25654.0

Map

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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 List to Sale Price per Sq Ft
03/14/2026 03/14/26 Price Changed $2,025 -15.6% $1 / Sq Ft
02/26/2026 02/26/26 For Rent $2,400 0.0% --
01/27/2026 01/27/26 For Sale $1,350,000 -- $227 / Sq Ft
Source: Ithaca Board of REALTORS®

About the Listing Agent

Brian DeYoung
Brian DeYoung

Berkshire Hathaway HomeServices Heritage Realty

(607) 286-2331

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Source: Ithaca Board of REALTORS®

MLS Number: R1650340

New York Tompkins County Ithaca 14850 South Hill

408 Hillview Place, Ithaca, NY

For Sale

MultiFamily

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Brian DeYoung
Brian DeYoung
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Berkshire Hathaway HomeServices Heritage Realty
(607) 286-2331
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