525 W Green St Ithaca, NY 14850
South Side NeighborhoodEstimated payment $4,210/month
Highlights
- Property is near public transit
- Wood Flooring
- Energy-Efficient Appliances
- DeWitt Middle School Rated A-
- Private Yard
- 5-minute walk to Washington Park
About This Home
Great income generator with annual revenue of $66,000! Ideally located in the heart of downtown Ithaca. This well-maintained four-unit property offers a rare opportunity to enjoy true walkable city living while generating consistent rental income. Just steps from the Route 13 shopping corridor, restaurants, shops, and cultural attractions, the location is truly unbeatable.
Numerous updates enhance both value and appeal, including a new metal roof, new flooring, fresh interior paint, and more (see full list of improvements). Each unit features generously sized bedroom(s), functional kitchen, and inviting living spaces designed for comfortable everyday living.
With separate gas and electric utilities, updated mechanicals, and solid construction, this property offers efficiency and ease of management. Additional amenities include parking space for 3-4 vehicles, a basement laundry area, ample storage space, and a fenced private yard, all highly desirable features for tenants. All four units are currently rented, providing immediate income and strong rental demand in a sought-after location. This property supports long-term stability and tenant retention. Whether you are expanding your investment portfolio or seeking an owner-occupant opportunity with built-in income, this turnkey multifamily delivers versatility and reliable cash-flow potential, a rare opportunity. Schedule your private showing today!
Listing Agent
Howard Hanna S Tier Inc Brokerage Phone: 607-220-6050 License #10401362772 Listed on: 02/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,379
Year Built
- Built in 1975
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 38x204
- Partially Fenced Property
- Irregular Lot
- Private Yard
Home Design
- Quadruplex
- Block Foundation
- Metal Roof
- Aluminum Siding
- Stucco
Interior Spaces
- 4,210 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Exterior Basement Entry
- Sump Pump
Parking
- 2 Car Garage
- Common or Shared Parking
- Unpaved Parking
Schools
- Belle Sherman Elementary School
- Dewitt Middle School
- Ithaca Senior High School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
- High Speed Internet
Additional Features
- Energy-Efficient Appliances
- Property is near public transit
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 500700-071-000-0007-009-000-0000
Community Details
Overview
- Association fees include water
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- Operating Expense $5,086
- Gross Income $66,000
- Net Operating Income $45,535
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 | $9,439 | $465,000 | $40,000 | $425,000 |
| 2023 | $12,382 | $560,000 | $40,000 | $520,000 |
| 2022 | $19,482 | $560,000 | $40,000 | $520,000 |
| 2021 | $18,977 | $530,000 | $40,000 | $490,000 |
| 2020 | $12,096 | $530,000 | $40,000 | $490,000 |
| 2019 | $4,849 | $485,000 | $40,000 | $445,000 |
| 2018 | $5,383 | $220,000 | $40,000 | $180,000 |
| 2017 | $5,516 | $220,000 | $40,000 | $180,000 |
| 2016 | $5,566 | $220,000 | $40,000 | $180,000 |
| 2015 | -- | $175,000 | $40,000 | $135,000 |
| 2014 | -- | $161,000 | $40,000 | $121,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/10/2026 03/10/26 | Price Changed | $569,000 | -1.0% | $135 / Sq Ft | |
| 02/16/2026 02/16/26 | For Sale | $575,000 | +45.9% | $137 / Sq Ft | |
| 05/15/2025 05/15/25 | Sold | $394,000 | -7.7% | $94 / Sq Ft | View Prior Sale |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- | |
| 09/21/2024 09/21/24 | Price Changed | $427,000 | -3.4% | $101 / Sq Ft | |
| 05/14/2024 05/14/24 | Price Changed | $442,000 | -4.9% | $105 / Sq Ft | |
| 04/05/2024 04/05/24 | For Sale | $465,000 | +0.9% | $110 / Sq Ft | |
| 08/14/2018 08/14/18 | Sold | $461,000 | -2.9% | -- | View Prior Sale |
| 07/15/2018 07/15/18 | Pending | -- | -- | -- | |
| 04/09/2018 04/09/18 | For Sale | $475,000 | -- | -- |
Source: Ithaca Board of REALTORS®
MLS Number: R1662383
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Ask me questions while you tour the home.