$379,000
$40K PRICE DROP

Estimated payment $3,437/month

Total Views 37,280
4 Beds
3 Baths
2,715 Sq Ft
$140 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Private Yard
  • South Hill School Rated A-
  • Corner Lot
  • Woodwork

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

Property Details

Home Type

  • Multi-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 Garage

Home Design

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

Interior Spaces

  • 2,715 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • 1 Fireplace

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Patio

Schools

  • South Hill Elementary School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 91.-5-4

Community Details

Overview

  • Association fees include heat
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,121

Year Built

Built in 1890

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • 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: Triplex
  • Garage Yn: Yes
  • Year Built Details: Existing
  • Year Built: 1890
  • Attribution Contact: 585-802-7827
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: See Remarks, Water Heater
  • Owner Pays: Heat
  • Has Basement: Full, Sump Pump
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Other, See Remarks, Varies, Vinyl
  • Interior Amenities: Natural Woodwork
  • Living Area: 2715.0
  • 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: Patio, Private Yard, See Remarks
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garage, Paved, Two or More Spaces

Utilities

  • Heating: Gas, Baseboard, Steam
  • 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: Heat

Schools

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

Lot Info

  • Parcel #: 91.-5-4

Multi Family

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

Tax Info

  • Tax Annual Amount: 16121.0

Map

Range of Values:

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Average Value
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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
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

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Source: Ithaca Board of REALTORS®

MLS Number: R1592453

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