
502 Hudson St Ithaca, NY 14850
South Hill NeighborhoodEstimated payment $3,437/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $350,000 | None Available | |
Deed | -- | -- | |
Interfamily Deed Transfer | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $115,000 | Unknown |
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Source: Ithaca Board of REALTORS®
MLS Number: R1592453
APN: 500700-091-000-0005-004-000-0000
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