$1,300,000
UNDER CONTRACT $100K PRICE DROP

Estimated payment $9,140/month

Total Views 83,494
16 Beds
4 Baths
3,997 Sq Ft
$325 Price per Sq Ft

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • Furnished
  • DeWitt Middle School Rated A-
  • Wood Flooring
  • Zoned Heating and Cooling

About This Home

The property's standout feature is its prime location in lower Collegetown, just steps away from Cornell University. Imagine your tenants enjoying a quick stroll to campus while having the vibrant Collegetown atmosphere right at their doorstep.

Convenience is key with GreenStar Food Co+op just a few blocks from the property, offering fresh, local produce and specialty items. For outdoor enthusiasts, the Cascadilla Gorge Trail provides a serene hike within walking distance—perfect for study breaks or weekend relaxation.

This property represents an ideal opportunity for investors looking to capitalize on Ithaca's robust rental market, particularly given its proximity to one of the nation's premier educational institutions. The consistent demand for quality housing in this location ensures strong rental potential and long-term value appreciation.

Don't miss this chance to own a piece of prime Ithaca real estate in the Lower Collegetown neighborhood!

Listing Agent

David Wahl

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 607-227-3132 License #10371201153 Listed on: 01/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,564

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 50x103
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Stone Foundation
  • Slate Roof
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,997 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit
  • The property is located in a historic district

Schools

  • Belle Sherman Elementary School
  • Dewitt 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
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 63.-1-3

Community Details

Overview

  • Association fees include common area maintenance, electricity, gardener, heat, hot water, snow removal
  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Operating Expense $14,822
  • Gross Income $151,300
  • Net Operating Income $109,914

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,564

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.05
  • Lot Size: 50X103
  • Road Frontage Type: City Street
  • Architectural Style: Triplex
  • Building Stories: 4
  • Year Built Details: Existing
  • Year Built: 1910
  • Attribution Contact: 607-227-3132
  • Special Features: 4224
  • Stories: 4
  • Year Built: 1910

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Owner Pays: Electricity, Gas, Grounds Care, Heat, Hot Water, Snow Removal
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 16
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Varies, Vinyl
  • Living Area: 3997.0
  • Stories: 4

Exterior Features

  • Lot Features: Historic District, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Stucco
  • Foundation Details: Stone
  • Property Condition: Resale
  • Roof: Slate, Tile

Garage/Parking

  • Parking Features: Other, See Remarks, Two or More Spaces

Utilities

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

Condo/Co-op/Association

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

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Dewitt Middle

Lot Info

  • Parcel #: 63.-1-3
  • Zoning Description: Residential Multi Use

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 151300.0
  • Property Net Operating Income: 109914.0
  • Annual Operating Expense: 14822.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 26564.0

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
08/05/2025 08/05/25 For Rent $765 0.0% --
03/26/2025 03/26/25 Price Changed $1,300,000 0.0% $325 / Sq Ft
02/10/2025 02/10/25 Off Market $765 -- --
01/23/2025 01/23/25 For Rent -- -- --
01/10/2025 01/10/25 For Sale $1,400,000 0.0% $350 / Sq Ft
10/08/2024 10/08/24 Off Market $765 -- --
06/19/2022 06/19/22 Price Changed $850 +21.4% $1 / Sq Ft
06/07/2022 06/07/22 For Rent $700 0.0% --
05/21/2022 05/21/22 For Rent $700 -- --
Source: Ithaca Board of REALTORS®

Source: Ithaca Board of REALTORS®

MLS Number: R1583695