Listing Courtesy of: 607-342-2148 - Kyle Steele - Howard Hanna S Tier Inc
607-257-0800
$1,150,000
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110 LINDEN AVE ITHACA, NY 14850
Multi-Family
Residence
6
Beds
2
Baths
...
Bed/Bath
2,044
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Positioned in the absolute heart of Cornell University’s Collegetown, 204–206 Linden Avenue represents a rare blend of immediate income, irreplaceable location, and long-term redevelopment upside. This side-by-side duplex offers investors and developers a strategic foothold in one of Ithaca’s most s...upply-constrained and consistently high-demand submarkets. The existing improvements consist of two well-configured three-bedroom, one-bath residential units, each benefiting from a functional layout that aligns perfectly with the Collegetown rental market. The property is fully leased for the 2025–2026 academic year, providing secure, predictable cash flow from day one. What truly distinguishes 204–206 Linden Avenue, however, is its City of Ithaca CR-4 zoning, which allows for redevelopment of up to four stories of apartments. This zoning classification places the property squarely within the city’s highest-intensity residential corridor, where increased density is not only permitted but actively encouraged as part of Ithaca’s long-term housing and planning goals. Collegetown remains Ithaca’s most proven micro-market for multifamily investment. Its proximity to Cornell’s academic core, research facilities, retail, dining, and transit infrastructure makes it a perennial favorite for tenants and investors alike.
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MLS#
R1654541
Property Type
Multi-Family
Bedrooms
6
Bathrooms
2 Full
Year Built
1975
Square Feet
2,044
sq. ft
Lot Size
0.11
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
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