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    • $570,000

    512 University Ave, Ithaca, NY 14850

    6beds
    2,535sqft
    Duplex, Multi Family
    Built in 1900
    -- sqft lot
    $589,200 Zestimate®
    $225/sqft
    $2,083 Estimated rent

    Home value

    $589,200

    $489,000 - $707,000

    $2,083/mo

    Zestimate® history
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    $2,083/mo

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    $2,083/mo

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    $3,978/mo

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    $3,978/mo

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    What's special

    Fantastic real estate investment opportunity beside Cornell's west campus. Route 10 bus line across the street servicing many campus locations and downtown. Future student center planned nearby creating future demand hub. Income for 24/25 leasing period is $70800. Property fully rented since October 2023 for 24/25. Operating expenses for calendar year 2023 were $7631. Assessed property value for 2025 to drop significantly with positive effect to taxes paid. Turnkey rental property with aesthetic improvements needed at buyers discretion. 3 electric meters and 2 gas meters. 1 electric meter services mec room light and radon fan. 2 boilers and 2 hot water heaters. 1 water meter. Furniture carries with property. Hardwood floors throughout.

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert William Armstrong 607-279-1914,

    PPM Homes LLC

    Bought with:

    Garrett Venuto, 10401360100

    Warren Real Estate of Ithaca Inc.

    Source: NYSAMLSs,MLS#: R1540647MLS LogoOriginating MLS: Ithaca Board of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas, Baseboard
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Attic
    • Flooring: Hardwood, Marble, Varies
    • Basement: Partial,Walk-Out Access
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 2,535
    • Total interior livable area: 2,535 sqft

    Property

    Parking
    • Parking features: On Street
    Lot
    • Size: 6,089 sqft
    • Dimensions: 42 x 145
    • Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
    Details
    • Parcel number: 50070003200000010010000000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Wood Siding
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1900

    Utilities & green energy

    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Radon Mitigation System
    Location
    • Region: Ithaca
    • Subdivision: Section 341

    Other

    Other facts
    • Listing terms: Conventional

    Price history

    DateEventPrice
    1/17/2025Sold$570,000-4.2%$225/sqft
    Source: NYSAMLSs #R1540647 Report a problem
    10/3/2024Contingent$595,000$235/sqft
    Source: ITMLS #R1540647 Report a problem
    5/24/2024Listed for sale$595,000+2.6%$235/sqft
    Source: ITMLS #R1540647 Report a problem
    12/1/2023Listing removed--
    Source: ECMLS #268504 Report a problem
    3/6/2023Price change$579,900-1.7%$229/sqft
    Source: ECMLS #268504 Report a problem
    11/26/2022Listed for sale$589,900-10.6%$233/sqft
    Source: ECMLS #268504 Report a problem
    6/27/2022Listing removed--
    Source: ITMLS #405149 Report a problem
    5/9/2022Price change$660,000-2.1%$260/sqft
    Source: ITMLS #405149 Report a problem
    3/7/2022Price change$674,500-2.2%$266/sqft
    Source: ITMLS #405149 Report a problem
    1/3/2022Price change$689,900-1.4%$272/sqft
    Source: ITMLS #405149 Report a problem
    11/14/2021Price change$699,500-1.5%$276/sqft
    Source: ITMLS #405149 Report a problem
    10/7/2021Price change$710,000-2.7%$280/sqft
    Source: ITMLS #405149 Report a problem
    8/12/2021Listed for sale$729,500+30.5%$288/sqft
    Source: ITMLS #405149 Report a problem
    11/20/2018Sold$559,000+64.5%$221/sqft
    Source: NYSAMLSs #IB313137 Report a problem
    10/18/2012Sold$339,900$134/sqft
    Source: NYSAMLSs #IB136729 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 14850

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    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Fall Creek 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.

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