Active

Price cut: $15K (7/9)

$1,500,000

116-118 Ferris Pl #18, Ithaca, NY 14850

23beds

0baths

8,902sqft

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$169/sqft

$-- HOA

What's special

Just off State Street, a few blocks south of Collegetown Center and just up the hill from the Commons, this large 24-bedroom building is nestled along the gorges and preserves. It’s just above the Six Mile Creek Preserve, and the footbridge over the creek is just a few hundred feet down the street. Out the back windows, it’s all beautiful greenery and shade. A large duplex building, it is divided into a number of apartments. Sitting just below a large, new, upscale complex, this charming location offers apartments with bay windows in many units and large rooms uncommon in today’s cookie-cutter new housing. The pricing is appealing to students while leaving plenty of room for increased income through improvements. Come look it over and see how this property would fit into your portfolio. Apartment room distribution: 116-1: 5 bedrooms, 2 baths; 116-2: 3 bedrooms, 1 bath; 116-3: 2 bedroom, 1 bath; 118-1: 6 bedrooms, 1 bath; 118-2: 4 bedrooms, 1 bath; 118-3: 3 bedrooms, 1 bath.

25 days

259

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 23
Bathrooms: 0

Heating

Gas, Hot Water, Radiator(s)

Appliances

Included: Dishwasher, Gas Oven, Gas Range, Gas Water Heater
Laundry: Coin-operated

Features

Ceiling Fan(s), Entrance Foyer
Flooring: Carpet, Hardwood, Laminate, Luxury Vinyl, Varies, Vinyl
Basement: Finished,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 8,902
Total interior livable area: 8,902 sqft

Property

Parking

Parking features: One Space, No Garage

Features

Stories: 3
Exterior features: Gravel Driveway
On waterfront: Yes
Waterfront features: River Access, Stream
Body of water: Sixmile Creek
Frontage length: 0

Lot

Size: 0.27 Acres
Dimensions: 196 x 60
Features: Irregular Lot, Near Public Transit, Residential Lot, Wooded

Details

Additional structures: Barn(s), Outbuilding
Parcel number: 50070008200000090010000000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Copper Plumbing
Roof: Architectural,Pitched,Shingle

Condition

Resale
Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Connected
Water: Connected, Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Laundry Facilities
Security: Security System Owned

Location

Region: Ithaca

Financial & listing details

Price per square foot: $169/sqft
Tax assessed value: $880,000
Annual tax amount: $21,420
Date on market: 6/26/2026
Listing terms: Cash

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/9/2026	Price change	$1,500,000-1%$169/sqft
Source: NYSAMLSs #R1694242 Report a problem
7/8/2026	Price change	$1,515,000-3.5%$170/sqft
Source: NYSAMLSs #R1694242 Report a problem
6/26/2026	Listed for sale	$1,570,000$176/sqft
Source: NYSAMLSs #R1694242 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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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