$495,000
SOLD SEP 4, 2025

607 N Cayuga St Ithaca, NY 14850

Fall Creek Neighborhood
5 Beds
4 Baths
2,296 Sq Ft
4,520 Sq Ft Lot

Recently Sold

$216 Per Sq Ft

6% Below List Price

46 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Baseboard Heating
  • Boynton Middle School Rated A-
  • Patio
  • 1-minute walk to Thompson Park

About This Home

As of September 2025

Superb location in the heart of Fall Creek for this turnkey 4-unit close to Gimmee Coffee, Thompson Park and walkable to all things Ithaca! Very well maintained/updated/improved home w/three 1-BR apts and one 2-BR. Over $70K in upgrades in past 4 years including improved parking lot w/patio & landscaping, insulation (attic recently), windows, roofing, stairs, flooring, more! Pleasant well-windowed units with mostly wood floors. Very desirable units in great location walkable to The Commons, Farmers Market/ Waterfront trail, and uphill to Cornell. Unit 1R (1sr floor Rear) lease now to 7/31/25 from $1250 to $1320/mo. Owner financing available to qualified buyers. Ask your agent for details, floor plans, and virtual tour.

Last Agent to Sell the Property

Kristin Ahlness

Howard Hanna S Tier Inc Brokerage Phone: 607-227-3742 License #30AH0838385 Listed on: 02/27/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,220

Year Built

  • Built in 1900

Lot Details

  • 4,520 Sq Ft Lot
  • Lot Dimensions are 40x113
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Quadruplex
  • Stone Foundation
  • Spray Foam Insulation
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 2,296 Sq Ft Home
  • 2-Story Property
  • Attic or Crawl Hatchway Insulated

Flooring

  • Wood
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Parking

  • 2 Car Garage
  • Parking Available
  • Common or Shared Parking

Schools

  • Fall Creek Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • The owner pays for electricity, heat, hot water, water
  • Assessor Parcel Number 500700-034-000-0007-017-000-0000

Community Details

Overview

  • Association fees include electricity, heat, hot water, water
  • 4 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Operating Expense $7,936
  • Gross Income $57,600
  • Net Operating Income $34,444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,220

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Lot Size: 40X113
  • Road Frontage Type: City Street
  • Directions: 607 N Cayuga Street is about 6 houses past Kinney Drug and laundry. Large parking lot at rear.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1900
  • Attribution Contact: 607-227-3742
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances: Electric Water Heater
  • Owner Pays: Electricity, Heat, Hot Water, Water
  • Has Basement: Exterior Entry, Full, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Hardwood, Luxury Vinyl, Varies, Vinyl
  • Living Area: 2296.0
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Aluminum Siding, Attic/Crawl Hatchway(s) Insulated, Spray Foam Insulation
  • Exterior Features: Fence, Patio
  • Foundation Details: Stone
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Common, Paved, Parking Available, Two or More Spaces

Utilities

  • Heating: Gas, Baseboard, Electric, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Electricity, Heat, Hot Water, Water

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 4520.0
  • Parcel #: 500700-034-000-0007-017-000-0000
  • Zoning Description: Residential Multi Use

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 57600.0
  • Property Net Operating Income: 34444.0
  • Annual Operating Expense: 7936.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 15220.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/04/2025 09/04/25 Sold $495,000 -5.7% $216 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $525,000 +24.4% $229 / Sq Ft
02/03/2020 02/03/20 Sold $422,000 -3.9% $184 / Sq Ft View Prior Sale
01/04/2020 01/04/20 Pending -- -- --
10/16/2019 10/16/19 For Sale $439,000 +15.8% $191 / Sq Ft
10/30/2015 10/30/15 Sold $379,000 0.0% $165 / Sq Ft View Prior Sale
09/30/2015 09/30/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $379,000 -- $165 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kristin Ahlness

    Howard Hanna S Tier Inc

    (607) 607-6072

    5 in this area

    66 Total Sales

    Kristin Ahlness
    Section Image
  • Carol Bushberg

    Seller's Agent in 2020

    Carol Bushberg

    Warren Real Estate of Ithaca Inc. (Downtown)

    (607) 279-4530

    14 in this area

    140 Total Sales

    Carol Bushberg
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1590597

New York Tompkins County Ithaca 14850 Fall Creek

607 N Cayuga St, Ithaca, NY

Sold

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