Rare Collegetown multifamily investment opportunity. This five-unit property offers more than 5,100 square feet of living space in one of Ithaca’s most sought-after rental markets. Featuring spacious apartments, attractive interior finishes, and off-street parking, the property offers a compelling blend of character and functionality. Each unit provides a unique layout and appeal, distinguishing it from more standardized rental properties. The interior has been well maintained, while exterior cosmetic improvements may provide an opportunity for future value enhancement. Conveniently located near educational institutions, downtown Ithaca, employment centers, shopping, dining, and public transportation, this property is well-positioned for investors seeking to expand or strengthen their portfolio. A second multifamily property on Delaware Avenue is also available, ( 210) creating a unique opportunity for investors interested in acquiring multiple assets in the same neighborhood.
#1-2bedroom
#2-3 bedroom
#3-5 bedroom
#4-5 bedroom
#5-4 bedroom, 2 bath
5 units, totalling 19 bedrooms.
Under contract
Price cut: $15K (7/9)
$1,450,000
218 Delaware Ave, Ithaca, NY 14850
5beds
0baths
5,154sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$281/sqft
$-- HOA
What's special
Off-street parkingAttractive interior finishesSpacious apartmentsUnique layout and appeal
- 15 days |
- 145 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Berkshire Hathaway HomeServices Heritage Realty 607-428-0708,
Brian DeYoung 607-428-0708
Source: NYSAMLSs,MLS#: R1693102
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Gas, Zoned
Cooling
- Zoned
Appliances
- Included: Electric Oven, Electric Range, Gas Water Heater
Features
- Bedroom on Main Level
- Flooring: Hardwood, Laminate, Varies, Vinyl
- Windows: Storm Window(s)
- Basement: Partial,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 5,154
- Total interior livable area: 5,154 sqft
Property
Parking
- Parking features: One Space, Driveway, No Garage
Accessibility
- Accessibility features: Accessible Bedroom
Features
- Stories: 3
- Exterior features: Blacktop Driveway
Lot
- Size: 6,660 Square Feet
- Dimensions: 60 x 111
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 50070006700000030020000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding, Copper Plumbing
- Roof: Asphalt,Pitched,Shingle
Condition
- Resale
- Year built: 1900
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances, Lighting, Windows
Community & HOA
Community
- Features: Other, See Remarks
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $281/sqft
- Tax assessed value: $1,200,000
- Annual tax amount: $28,821
- Date on market: 6/24/2026
- Cumulative days on market: 15 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Contingent | $1,450,000-1%$281/sqft |
Source:  NYSAMLSs #R1693102 Report a problem | ||
| 7/8/2026 | Price change | $1,465,0000%$284/sqft |
Source: NYSAMLSs #R1693102 Report a problem | ||
| 6/24/2026 | Listed for sale | $1,465,390$284/sqft |
Source: NYSAMLSs #R1693102 Report a problem | ||
| 5/30/2026 | Listed for rent | $3,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/5/2026 | Listing removed | $3,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/24/2026 | Listed for rent | $3,150-2.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2025 | Listing removed | $3,225$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Listed for rent | $3,225-40%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/1/2024 | Listing removed | $5,375$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/7/2024 | Listed for rent | $5,375+2.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/23/2024 | Listed for rent | $5,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/17/2023 | Listed for rent | $5,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 4/10Belle Sherman SchoolGrades: PK-5Distance: 0.4 mi
- 8/10Boynton Middle SchoolGrades: 6-8Distance: 1.6 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Belle Sherman
- Middle: Boynton Middle
- High: Ithaca Senior High
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Tompkins County
- Ithaca
- 14850
- 218 Delaware Ave
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