An exceptional investment opportunity in one of Cornell University's most sought-after locations. This impeccably maintained single-family residence seamlessly blends timeless charm with thoughtful modern updates. Currently leased for the 2026-2027 academic year, this turnkey property offers immediate, reliable income while showcasing the quality and care discerning investors value. Tenants pay utilities seperately. Off-street parking.
The inviting interior is filled with natural light and accented by rich hardwood floors, creating a warm and sophosticated atmosphere throughout.
Extensive improvements include the addition of a beautifully designed second full bathroom and dormer, a tastefully renovated kitchen, updated electrical service, replacement windows, newer HVAC systems including central air, and a newer washer/dryer-providing both comfort and long-term peace of mind.
With three spacious bedrooms, two full bathrooms, and a prime location just moments from Cornell University, this residence continues to attract strong tenant demand year after year. A rare offering that combines enduring quality, exceptional upkeep, and proven investment performance, this is an outstanding opportunity to own a premier income-producing property in one of Ithaca's most desirable rental markets.
Active
$590,000
123 Linden Ave, Ithaca, NY 14850
3beds
1,008sqft
Single Family Residence
Built in 1940
4,299 Square Feet Lot
$565,000 Zestimate®
$585/sqft
$-- HOA
What's special
Tastefully renovated kitchenOff-street parkingThree spacious bedroomsUpdated electrical serviceRich hardwood floorsReplacement windows
- 57 days
- 323
- 12
Zillow last checked:
Listing updated:
Listed by:
Berkshire Hathaway HomeServices Heritage Realty 607-428-0708,
Adele Wood 315.378.2663
Source: NYSAMLSs,MLS#: S1704387
Originating MLS: Cortland
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: In Basement
Features
- Separate/Formal Dining Room, Bedroom on Main Level
- Flooring: Hardwood, Tile, Varies
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 1,008
- Total interior livable area: 1,008 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Exterior features: Blacktop Driveway
Lot
- Size: 4,299 Square Feet
- Dimensions: 50 x 86
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 50070006700000030210000000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Fiber Cement
- Foundation: Stone
Condition
- Resale
- Year built: 1940
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: $585/sqft
- Tax assessed value: $375,000
- Annual tax amount: $12,816
- Date on market: 8/4/2026
- Cumulative days on market: 58 days
- Listing terms: Cash,Conventional,FHA
Estimated market value
$565,000
$537,000 - $593,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $590,000+461.9%$585/sqft |
Source: | ||
| 9/4/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/3/2021 | Listed for rent | $3,800$4/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/28/2001 | Sold | $105,000$104/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $375,000 |
| 2024 | -- | $375,000 +13.6% |
| 2023 | -- | $330,000 +10% |
| 2022 | -- | $300,000 +13.2% |
| 2021 | -- | $265,000 |
| 2020 | -- | $265,000 +10.4% |
| 2019 | -- | $240,000 |
| 2018 | -- | $240,000 +11.6% |
| 2017 | $6,362 | $215,000 |
| 2016 | -- | $215,000 +16.2% |
| 2015 | -- | $185,000 |
| 2014 | -- | $185,000 +8.8% |
| 2013 | -- | $170,000 |
| 2012 | -- | $170,000 |
| 2011 | -- | $170,000 |
| 2010 | -- | $170,000 +6.3% |
| 2009 | -- | $160,000 |
| 2008 | -- | $160,000 +28% |
| 2007 | -- | $125,000 |
| 2006 | -- | $125,000 |
| 2005 | -- | $125,000 +15.7% |
| 2004 | -- | $108,000 +4.9% |
| 2003 | -- | $103,000 +14.4% |
| 2002 | -- | $90,000 |
| 2001 | -- | $90,000 |
| 2000 | -- | $90,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 14850
Nearby schools
Schools provided by the listing agent
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







