Exceptional opportunity to own a duplex in one of Ithaca's most convenient locations! Just minutes from Wegmans, the Ithaca Commons, Cornell University, Ithaca College, shopping, restaurants, and public transportation, this property offers the lifestyle and convenience tenants and owner-occupants are looking for. The main-level two-bedroom apartment is vacant and ready for its next owner or tenant, making it an excellent option for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental potential. The upper-level one-bedroom apartment is currently occupied by a month-to-month tenant, providing immediate income with future flexibility. Outside, enjoy a private side patio, a rear deck with seasonal inlet views during the fall and winter months, and one off-street parking space. A newer roof adds additional value and peace of mind. Whether you're expanding your investment portfolio or searching for a property that combines homeownership with rental income, 121 Elm Street is a fantastic opportunity in a highly desirable Ithaca location.
Active
Price cut: $40K (9/15)
$225,000
121 Elm St, Ithaca, NY 14850
3beds
1,644sqft
Duplex, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$137/sqft
$-- HOA
What's special
Main-level two-bedroom apartmentUpper-level one-bedroom apartmentNewer roofOne off-street parking spacePrivate side patio
- 54 days
- 713
- 36
Zillow last checked:
Listing updated:
Listed by:
Howard Hanna S Tier Inc 607-257-0800,
Vincent Ferrara 607-229-8573
Source: NYSAMLSs,MLS#: R1705008
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Steam
Appliances
- Included: Gas Water Heater
Features
- Attic
- Flooring: Carpet, Hardwood, Laminate, Varies, Vinyl
- Basement: Full,Finished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,644
- Total interior livable area: 1,644 sqft
- Finished area below ground: 792
Video & virtual tour
Property
Parking
- Parking features: Other, One Space, On Street, See Remarks, Unpaved
Features
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 4,477 Square Feet
- Dimensions: 80 x 56
- Features: Other, Near Public Transit, Rectangular, Rectangular Lot, See Remarks
Details
- Parcel number: 50070005700000030100000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Aluminum Siding
- Foundation: Stone
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1910
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $176,000
- Annual tax amount: $5,680
- Date on market: 8/7/2026
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Price change | $225,000-15.1%$137/sqft |
Source:  NYSAMLSs #R1705008 Report a problem | ||
| 8/7/2026 | Listed for sale | $265,000$161/sqft |
Source: NYSAMLSs #R1705008 Report a problem | ||
| 11/23/2019 | Listing removed | $875$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/30/2019 | Listed for rent | $875$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $176,000 |
| 2024 | -- | $176,000 |
| 2023 | -- | $176,000 +10% |
| 2022 | -- | $160,000 +10.3% |
| 2021 | -- | $145,000 |
| 2020 | -- | $145,000 +7.4% |
| 2019 | -- | $135,000 |
| 2018 | -- | $135,000 +12.5% |
| 2017 | $3,684 | $120,000 |
| 2016 | -- | $120,000 +14.3% |
| 2015 | -- | $105,000 |
| 2014 | -- | $105,000 +16.7% |
| 2013 | -- | $90,000 |
| 2012 | -- | $90,000 |
| 2011 | -- | $90,000 |
| 2010 | -- | $90,000 |
| 2009 | -- | $90,000 |
| 2008 | -- | $90,000 +12.5% |
| 2007 | -- | $80,000 |
| 2006 | -- | $80,000 |
| 2005 | -- | $80,000 +5.3% |
| 2004 | -- | $76,000 +8.6% |
| 2003 | -- | $70,000 |
| 2002 | -- | $70,000 |
| 2001 | -- | $70,000 |
| 2000 | -- | $70,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 14850
Nearby schools
Schools provided by the listing agent
- Elementary: Caroline Elementary
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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