524 Hayts Rd Ithaca, NY 14850
Estimated payment $2,845/month
Highlights
- Deck
- Hydromassage or Jetted Bathtub
- Thermal Windows
- Boynton Middle School Rated A-
- Private Yard
- Skylights
About This Home
Excellent income-producing opportunity located in Ithaca. 524 Hayts Road is a fully occupied three-unit property situated on a spacious 7-acre parcel, with approximately 3 acres currently in use and additional land offering future potential. The main residence is complemented by a converted three-bay garage, now thoughtfully redesigned into two separate rental units: a one-bedroom, one-bath apartment and a studio apartment. All three units are currently rented, providing immediate and consistent cash flow. The property also features a circular driveway, offering convenient access, ample parking, and ease of entry for residents and guests. This property is ideal for investors seeking a turnkey income asset or owner-occupants looking to live in one unit while offsetting expenses by renting the others. The expansive acreage offers privacy, flexibility, and potential for future use (buyer to verify). A rare opportunity to own an income property with acreage within Ithaca, combining rental income, land, and long-term upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,393
Year Built
- Built in 1990
Lot Details
- 7 Acre Lot
- Lot Dimensions are 345x842
- Rectangular Lot
- Private Yard
Parking
- 2 Car Garage
Home Design
- Triplex
- Poured Concrete
- Blown-In Insulation
- Asphalt Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 1,404 Sq Ft Home
- 1-Story Property
- Woodwork
- Skylights
- Thermal Windows
- Attic or Crawl Hatchway Insulated
- Security System Owned
- Washer Hookup
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
- Hydromassage or Jetted Bathtub
Basement
- Sump Pump
- Crawl Space
Accessible Home Design
- Accessible Bedroom
- Accessible Doors
Schools
- Enfield Elementary School
Utilities
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Air Source Heat Pump
- Heating System Uses Propane
- Heating System Powered By Owned Propane
- PEX Plumbing
- Well
- Electric Water Heater
- Water Softener is Owned
- Septic Tank
- High Speed Internet
- Satellite Dish
Additional Features
- Energy-Efficient HVAC
- Deck
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 502600-003-000-0002-018-000-0000
Community Details
Overview
- Association fees include common area maintenance, gardener, hot water, snow removal
- 3 Units
- Section 3 Subdivision
Building Details
- 4 Separate Electric Meters
- 2 Separate Gas Meters
- Gross Income $41,400
Map
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 | $7,384 | $285,000 | $29,000 | $256,000 |
| 2023 | $6,150 | $220,000 | $29,000 | $191,000 |
| 2022 | $4,974 | $190,000 | $29,000 | $161,000 |
| 2021 | $4,469 | $160,000 | $29,000 | $131,000 |
| 2020 | $4,109 | $160,000 | $29,000 | $131,000 |
| 2019 | $3,123 | $125,000 | $29,000 | $96,000 |
| 2018 | $3,016 | $104,000 | $29,000 | $75,000 |
| 2017 | $3,122 | $104,000 | $29,000 | $75,000 |
| 2016 | $3,160 | $104,000 | $29,000 | $75,000 |
| 2015 | -- | $104,000 | $29,000 | $75,000 |
| 2014 | -- | $104,000 | $29,000 | $75,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/30/2026 01/30/26 | For Sale | $420,000 | +125.8% | $299 / Sq Ft | |
| 01/14/2020 01/14/20 | Sold | $186,000 | -5.6% | $119 / Sq Ft | View Prior Sale |
| 12/15/2019 12/15/19 | Pending | -- | -- | -- | |
| 08/27/2019 08/27/19 | For Sale | $197,000 | -- | $126 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1657450
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