Discover a rare opportunity to own a fully-leased, income-generating 8-bedroom rental home located just steps away from the heart of Cornell University's vibrant Collegetown in Ithaca, NY. This prime investment property is perfectly positioned to capitalize on the strong demand for student housing, offering consistent cash flow and significant upside potential through strategic value-add enhancements. Adjacent property at 133 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.
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Listing Snapshot
Price
$1,150,000
Days On Site
335 Days
Bedrooms
17
Inside Area (SqFt)
2,402 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.116 Acres
Year Built
1980
MLS® Number
R1583611
Status
Active
Property Tax
$20,860
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
11 months ago
Status changed to Active
11 months ago
Listing updated with changes from the MLS®
11 months ago
Listing first seen on site
General Features
Acres
0.116
Cross Street
Cook Street
Levels
Two
Number Of Stories
2
Parking
GravelNo GarageAsphaltDriveway
Property Sub Type
Multi Family
Special Circumstances
Standard
SqFt Total
2402
Utilities
Sewer ConnectedWater Connected
Water Source
Public
Interior Features
Appliances
DryerDishwasherElectric OvenElectric RangeGas Water HeaterRefrigeratorWasher
Basement
Walk-Out Access
Flooring
HardwoodVariesVinyl
Heating
Forced AirNatural Gas
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Exterior Features
Lot Features
Near Public TransitRectangular Lot
Patio And Porch
Deck
Roof
AsphaltShingle
Community Features
Financing Terms Available
CashConventional
MLS Area
Ithaca-City-500700
School District
Ithaca
Township
Not Applicable
Schools
School District
Ithaca
Elementary School
Belle Sherman
Middle School
Dewitt Middle
High School
Ithaca Senior High
Listing courtesy of Kyle Steele of Howard Hanna S Tier Inc 6073422148
Listing information is provided by Participants of the Ithaca Board of REALTORS®. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Ithaca Board of REALTORS®
Last checked 2025-12-07 09:09 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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