502 Hudson St Ithaca, NY 14850
South Hill NeighborhoodEstimated payment $2,541/month
Total Views
36,802
4
Beds
3
Baths
2,715
Sq Ft
$143
Price per Sq Ft
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
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$22,013
Year Built
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
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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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Similar Homes in Ithaca, NY
Source: Ithaca Board of REALTORS®
MLS Number: R1592450
APN: 500700-091-000-0005-004-000-0000
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