Skip main navigation
Active
  • PropertyExplore 3D tour
    • Price cut: $30K (8/3)
    $469,900

    316 W Seneca St, Ithaca, NY 14850

    5beds
    2,747sqft
    Triplex, Multi Family
    Built in 1860
    -- sqft lot
    $-- Zestimate®
    $171/sqft
    $-- HOA

    What's special

    Studio apartment
    Fully occupied, income-producing triplex in downtown Ithaca with gross annual rental income of approximately $58,000 and net operating income exceeding $36,000. All three units are leased through next July, providing immediate cash flow for investors. Financial information is available for qualified buyers. Ideally located within walking distance of The Commons, Cornell University, restaurants, shopping, and Wegmans, this well-maintained property includes a spacious 3-bedroom apartment, a large 1-bedroom apartment, and a studio apartment. Significant improvements include a new boiler (2022), new hot water heater (2024), porch roofs (2024), and the main roof replaced in 2014. The current Certificate of Occupancy is valid through September 2026 and a new 3-year COO is in progress. The 3-bedroom apartment and studio are furnished, and utilities (except phone, cable, and internet) are included. This is an excellent opportunity for investors seeking a stabilized multifamily property with established tenants and a strong rental history in one of Ithaca's most desirable rental markets. All three units are fully leased providing immediate income from day one. Long term tenants and stable occupancy!
    338 days
    |
    239
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Howard Hanna S Tier Inc 607-257-0800,

    Kevin Duffey 6072590021

    Source: NYSAMLSs,MLS#: R1638081MLS LogoOriginating MLS: Ithaca Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Gas, Hot Water
      Cooling
      • Window Unit(s), Wall Unit(s)
      Appliances
      • Included: Gas Water Heater
      Features
      • Window Treatments
      • Flooring: Carpet, Hardwood, Varies, Vinyl
      • Windows: Drapes
      • Basement: Full
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 2,747
      • Total interior livable area: 2,747 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Common, On Street, Two or More Spaces, Garage
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Private Yard, See Remarks
      Lot
      • Size: 7,274 Square Feet
      • Dimensions: 55 x 132
      • Features: Rectangular, Rectangular Lot, Residential Lot
      Details
      • Parcel number: 50070006000000050170000000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Triplex
      • Property subtype: Triplex, Multi Family
      Materials
      • Aluminum Siding, Vinyl Siding, Copper Plumbing
      • Foundation: Block, Stone
      • Roof: Asphalt,Flat,Membrane,Rubber,Shingle
      Condition
      • Resale
      • Year built: 1860

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Connected
      • Water: Connected, Public
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Location
      • Region: Ithaca

      Financial & listing details

      • Price per square foot: $171/sqft
      • Tax assessed value: $390,000
      • Annual tax amount: $11,734
      • Date on market: 9/15/2025
      • Cumulative days on market: 339 days
      • Listing terms: Assumable,Cash,Conventional,FHA,Lender Approval,Rehab Financing,VA Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/3/2026Price change$469,900-6%$171/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        6/8/2026Price change$499,900-5.7%$182/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        3/31/2026Price change$529,900-3.6%$193/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        2/16/2026Price change$549,900-0.9%$200/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        1/16/2026Price change$554,900-0.9%$202/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        10/31/2025Price change$559,900-1.8%$204/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        9/15/2025Listed for sale$569,900+469.9%$207/sqft
        Source: NYSAMLSs #R1638081 Report a problem
        10/31/1997Sold$100,000$36/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $390,000
        2024-- $390,000 +18.2%
        2023-- $330,000 +10%
        2022-- $300,000 +15.4%
        2021-- $260,000
        2020-- $260,000 +8.3%
        2019-- $240,000
        2018-- $240,000 +20%
        2017$6,217 $200,000
        2016-- $200,000 +14.3%
        2015-- $175,000
        2014-- $175,000 +12.9%
        2013-- $155,000
        2012-- $155,000
        2011-- $155,000
        2010-- $155,000
        2009-- $155,000
        2008-- $155,000 +14.8%
        2007-- $135,000
        2006-- $135,000
        2005-- $135,000
        2004-- $135,000 +32.4%
        2003-- $102,000
        2002-- $102,000
        2001-- $102,000
        2000-- $102,000
        Find assessor info on the county website

        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 14850

        Getting around

        96 / 100
        Walker's Paradise
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Beverly J Martin 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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Ithaca Topics

                Search
                Updates
                Favorites
                Plan
                Inbox