Active

$379,000

193-195 Upper Creek Rd, Freeville, NY 13068

6beds

2,739sqft

Duplex, Multi Family, Single Family Residence

Built in 1940

-- sqft lot

$-- Zestimate^®

$138/sqft

$-- HOA

What's special

New roof

Two detached homes on one lot. Turnkey, high-yield two-unit investment property. Both with income continuity generating a total of $4,200/month ($50,400 Gross Annual Income). Gross Rent Multiplier (GRM) of just 7.5. Both units feature 3 bedrooms and 1 bathroom. The properties are individually metered, tenants responsible for their own heat, electricity, and utilities. Many updated features including new roof, siding, flooring and appliances through. Established tenants are in place running throughout May 2027 and July 2027, offering immediate cash flow. Located within close proximity to Ithaca, Cornell University, and Ithaca College, ensuring a consistent local rental pool. Tax records state 1.63 acres. The seller and recent survey shows total area 1.8 acres.

19 days
466
34

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Electric, Propane, Baseboard, Forced Air

Appliances

Included: Electric Water Heater

Features

Flooring: Carpet, Hardwood, Varies, Vinyl
Basement: Full,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 2,739
Total interior livable area: 2,739 sqft

Property

Parking

Total spaces: 2
Parking features: Garage, Gravel, Parking Available, Two or More Spaces, Garage Door Opener
Garage spaces: 2

Features

Levels: Two
Stories: 2

Lot

Size: 1.8 Acres
Dimensions: 552 x 148
Features: Irregular Lot, Other, See Remarks

Details

Parcel number: 50248904000000010450020000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Detached,Duplex
Property subtype: Duplex, Multi Family, Single Family Residence

Materials

Other, Vinyl Siding
Roof: Metal,Shingle

Condition

Resale
Year built: 1940

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: High Speed Internet Available

Community & HOA

Location

Region: Freeville

Financial & listing details

Price per square foot: $138/sqft
Tax assessed value: $270,000
Annual tax amount: $7,686
Date on market: 9/16/2026
Listing terms: Cash,Conventional
Tenant pays: All Utilities

Estimated market value

Not available

Estimated sales range

Not available

$2,659/mo

Price history

Date	Event	Price
9/16/2026	Listed for sale	$379,000+110.7%$138/sqft
Source: NYSAMLSs #B1714561 Report a problem
3/9/2015	Sold	$179,900+9%$66/sqft
Source: Public Record Report a problem
1/9/2009	Sold	$165,000-8.3%$60/sqft
Source: Public Record Report a problem
5/23/1997	Sold	$180,000$66/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$270,000
2024	--	$270,000 +36.4%
2023	--	$198,000 +4.8%
2022	--	$189,000 +5%
2021	--	$180,000
2020	--	$180,000
2019	--	$180,000 +5.9%
2018	--	$170,000
2017	$5,642	$170,000
2016	--	$170,000
2015	--	$170,000
2014	--	$170,000
2013	--	$170,000
2011	--	$170,000
2010	--	$170,000