Off-street parkingDesirable floor plansFour spacious unitsBeautiful oak center staircase
This solid, well-maintained investment property is tucked away on a quiet side street on the edge of downtown Ithaca, offering a prime location with easy access to Cornell University, Ithaca College, and a TCAT bus line just steps away. Spanning over 4,800 square feet, the building features four spacious units—two 4-bedroom and two 1-bedroom apartments—generating a gross rent roll of $111,000 for the 2026–2027 season and fully leased through late summer 2027. The versatile layout includes one side encompassing two full floors that would serve as an ideal future owner-occupied residence, while the opposite side houses three units across three levels, all accessed via a beautiful oak center staircase. Residents benefit from desirable floor plans and the convenience of off-street parking, a full walk-out basement with laundry and storage, and split utilities for heat, hot water, and electric paid by the tenants. With a proven track record and a configuration that appeals to a diverse tenant pool, this property represents a turn-key opportunity for a savvy investor looking for a high-performing asset in the City of Ithaca.
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Zillow last checked:
Listing updated:
Listed by:
Warren Real Estate of Ithaca Inc. (Downtown)607-257-0666,
Steven Saggese607-280-4350,
Andrew Schreck585-802-7827,
Warren Real Estate of Ithaca Inc. (Downtown)
Source: NYSAMLSs,MLS#: R1677983Originating MLS: Ithaca Board of Realtors
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6
Heating
Electric, Gas, Baseboard, Forced Air, Multiple Heating Units
Cooling
Central Air
Appliances
Included: Gas Water Heater
Features
Pull Down Attic Stairs
Flooring: Carpet, Tile, Varies
Basement: Full,Partially Finished,Walk-Out Access
Attic: Pull Down Stairs
Has fireplace: No
Interior area
Total structure area: 4,839
Total interior livable area: 4,839 sqft
Property
Parking
Parking features: Concrete, On Street, Two or More Spaces
Features
Stories: 3
Patio & porch: Covered, Porch
Exterior features: Private Yard, See Remarks
Lot
Size: 0.29 Acres
Dimensions: 96 x 164
Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
Parcel number: 50070006900000050120000000
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Fourplex
Property subtype: Quadruplex, Multi Family
Materials
Wood Siding
Foundation: Stone
Roof: Asphalt,Shingle
Condition
Resale
Year built: 1890
Utilities & green energy
Electric: Circuit Breakers
Sewer: Connected
Water: Connected, Public
Utilities for property: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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