$1,030,000

Estimated payment $7,254/month

Total Views 3,304
8 Beds
3 Baths
4,283 Sq Ft
$240 Price per Sq Ft

Highlights

  • Property is near public transit
  • Wood Flooring
  • Woodwork
  • DeWitt Middle School Rated A-
  • Furnished
  • Zoned Heating and Cooling

About This Home

This property rests in the heart of Ithaca's vibrant Collegetown neighborhood. This exceptional multi-family property offers a rare combination of prime location and solid investment potential. Just steps from Cornell University, this well-appointed 8-bedroom, 3-bathroom residence stands as a testament to quality craftsmanship and thoughtful design. The sturdy construction provides a reassuring foundation for both residents and investors alike. With meticulous attention to structural integrity, this property offers peace of mind that's increasingly rare in today's market. The interior spaces are thoughtfully arranged to maximize comfort and functionality, creating an inviting atmosphere throughout. Location truly shines as this property's crowning jewel. Cornell University students can practically roll out of bed and into class! The bustling energy of Collegetown surrounds you with trendy dining options and amenities within reach. Whether you're seeking a savvy investment opportunity in a consistently strong rental market or a spacious home with income potential, this property delivers on all fronts.

Listing Agent

David Wahl

Warren Real Estate of Ithaca Inc. (Downtown) License #10371201153 Listed on: 08/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,192

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x116
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Triplex
  • Stone Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 4,283 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Woodwork
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Belle Sherman Elementary 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 500700-064-000-0007-005-000-0000

Community Details

Overview

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

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • Operating Expense $31,100
  • Gross Income $108,027
  • Net Operating Income $55,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,192

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 60X116
  • Road Frontage Type: City Street
  • Architectural Style: Triplex
  • Garage Yn: Yes
  • Building Stories: 4
  • Year Built Details: Existing
  • Year Built: 1900
  • Special Features: None
  • Stories: 4
  • Year Built: 1900

Interior Features

  • Furnished: Furnished
  • Appliances: Gas Water Heater
  • Owner Pays: Grounds Care, Heat, Hot Water, Snow Removal
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Varies, Vinyl
  • Interior Amenities: Natural Woodwork
  • Living Area: 4283.0
  • Stories: 4

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.0
  • 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, Gardener, Heat, Hot Water, Snow Removal

Schools

  • Elementary School: Belle Sherman
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High

Lot Info

  • Parcel #: 500700-064-000-0007-005-000-0000
  • Zoning Description: Residential Multi Use

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 108027.0
  • Property Net Operating Income: 55735.0
  • Annual Operating Expense: 31100.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 21192.0

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
08/19/2025 08/19/25 For Sale $1,030,000 0.0% $240 / Sq Ft
06/05/2025 06/05/25 For Rent $995 -17.1% --
02/05/2025 02/05/25 Off Market $1,200 -- --
01/23/2025 01/23/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $1,200 -- --
09/13/2024 09/13/24 Price Changed $1,200 -- $4 / Sq Ft
Source: Ithaca Board of REALTORS®

Source: Ithaca Board of REALTORS®

MLS Number: R1631634