An outstanding investment on Ithaca’s South Hill, this well-positioned multifamily/student housing property delivers stable income, strong tenant demand, and long-term value. Approved for 9 unrelated tenants, this property rents a year in advance. Each unit comes fully furnished with appliances including washer/dryer, microwave, range/oven, and refrigerator, and features modern finishes such as hardwood laminate flooring, central air conditioning, and recent renovations that enhance durability and reduce maintenance costs. A spacious yard and outdoor common area further boost tenant appeal. Ideally located within walking distance of Ithaca Commons, Cornell University, and Ithaca College, with seamless access to public transit, restaurants, and shops, the property combines premium location, consistent occupancy, and modern amenities; making it a rare, turn-key opportunity in one of New York’s strongest college-town rental markets. Current lease to July 31st 2026 $6,570 a month + all utilities. Leased August 2026 for 1 year at $7,110 a month + all utilities.
Closed
Zillow last checked:
Listing updated:
Bought with:
Garrett Venuto, 10401360100
Warren Real Estate of Ithaca Inc.
Source: NYSAMLSs,MLS#: R1633272
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsPrice history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $685,000-6.2%$185/sqft |
Source:  NYSAMLSs #R1633272 Report a problem | ||
| 12/1/2025 | Pending sale | $730,000$197/sqft |
Source: NYSAMLSs #R1633272 Report a problem | ||
| 10/6/2025 | Price change | $730,000-2.7%$197/sqft |
Source: NYSAMLSs #R1633272 Report a problem | ||
| 8/25/2025 | Listed for sale | $750,000$203/sqft |
Source: NYSAMLSs #R1633272 Report a problem | ||
