$359,000
$60K PRICE DROP

502 Hudson St Ithaca, NY 14850

South Hill Neighborhood

Estimated payment $3,256/month

Total Views 43,438
4 Beds
3 Baths
2,715 Sq Ft
$132 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Corner Lot
  • South Hill School Rated A-
  • Separate Formal Living Room
  • Private Yard

About This Home

This unique three-unit investment property offers an excellent opportunity in one of Ithaca's most sought-after neighborhoods. Situated on a corner lot near South Hill Elementary School, the property is fully rented through July 2026, providing easy access to public transportation and is consistently 100% rented due to its proximity to both Cornell University and Ithaca College. Residents enjoy a short walk to the Commons, Ithaca's downtown hub, and direct access to the South Hill Recreation Trail across the street. The third floor has been completely remodeled in 2022. A detached three-car garage and ample off-street parking add further convenience and value to this turn-key investment property. Whether you are a seasoned investor or looking for your first multifamily property, this is a rare find in a high-demand
area!

Listing Agent

Andrew Schreck

Warren Real Estate of Ithaca Inc. (Downtown) Brokerage Phone: 585-802-7827 License #10401361299 Listed on: 04/11/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,121

Year Built

  • Built in 1890

Lot Details

  • 10,263 Sq Ft Lot
  • Lot Dimensions are 68x150
  • Corner Lot
  • Rectangular Lot
  • Private Yard

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Block Foundation
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,715 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • 1 Fireplace
  • Separate Formal Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Screened Patio
  • Porch

Schools

  • South Hill Elementary School

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • PEX Plumbing
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 91.-5-4

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,121

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2356
  • Lot Size: 68X150
  • Road Frontage Type: City Street
  • Directions: Yellow house on the corner of Hudson St and Hillview.
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Year Built Details: Existing
  • Year Built: 1890
  • Attribution Contact: 585-802-7827
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, See Remarks, Water Heater, Washer
  • Has Basement: Full, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Other, See Remarks, Varies, Vinyl
  • Interior Amenities: Separate/Formal Living Room, Other, See Remarks, Natural Woodwork
  • Living Area: 2715.0
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Dining Room Type: Living Room, Other
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Siding, Copper Plumbing, PEX Plumbing
  • Exterior Features: Blacktop Driveway, Porch, Private Yard, See Remarks
  • Foundation Details: Block
  • Patio And Porch Features: Open, Porch, Screened
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Gas, Baseboard, Steam
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 91.-5-4

Tax Info

  • Tax Annual Amount: 16121.0

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

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 $22,013 $435,000 $51,200 $383,800
2023 $8,963 $405,000 $51,200 $353,800
2022 $13,138 $375,000 $51,200 $323,800
2021 $12,717 $350,000 $51,200 $298,800
2020 $8,272 $375,000 $51,200 $323,800
2019 $8,531 $375,000 $51,200 $323,800
2018 $8,438 $375,000 $51,200 $323,800
2017 $6,859 $300,000 $33,600 $266,400
2016 $6,925 $300,000 $33,600 $266,400
2015 -- $250,000 $33,600 $216,400
2014 -- $250,000 $33,600 $216,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $359,000 -5.3% $132 / Sq Ft
07/29/2025 07/29/25 Price Changed $379,000 -2.6% $140 / Sq Ft
07/24/2025 07/24/25 Price Changed $389,000 -2.5% $143 / Sq Ft
05/12/2025 05/12/25 Price Changed $399,000 -2.4% $147 / Sq Ft
04/28/2025 04/28/25 Price Changed $409,000 -2.4% $151 / Sq Ft
04/11/2025 04/11/25 For Sale $419,000 -- $154 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Available
Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $115,000 Unknown
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1592450

APN: 500700-091-000-0005-004-000-0000

New York Tompkins County Ithaca 14850 South Hill

502 Hudson St, Ithaca, NY

This home is located at 502 Hudson St, Ithaca, NY 14850 and is currently priced at $359,000, approximately $132 per square foot. This property was built in 1890. 502 Hudson St is a home located in Tompkins County with nearby schools including South Hill School, Boynton Middle School, and Ithaca Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Andrew Schreck
Section Image
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 305-6281