Courtesy: Howard Hanna S Tier Inc
607-257-0800
Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.
Courtesy: Howard Hanna S Tier Inc
607-257-0800
Positioned within walking distance to the vibrant center of Cornell University’s Collegetown, this fully leased 8-bedroom rental property offers a rare investment opportunity with remarkable income potential. With proximity to one of the nation’s most prestigious institutions, the property is ideally situated to attract consistent demand from students and faculty alike. Currently generating steady rental income and fully occupied through the 2025 school year, this property delivers immediate cash flow. But it doesn’t stop there—the potential for value-add improvements makes this a prime opportunity for savvy investors to increase returns. Adjacent property at 129 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.
Courtesy: Howard Hanna S Tier Inc
607-257-0800
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.
Courtesy: Howard Hanna S Tier Inc
607-257-0800
Located at the highly visible corner of East State Street and Quarry Street, 614–618 E State Street presents a compelling opportunity to acquire a well-positioned, income-producing multifamily asset in Ithaca’s sought-after Lower Collegetown area. This five-unit property combines a diversified unit mix, recent capital improvements, and a prime corner location that benefits from strong rental demand driven by proximity to Cornell University, Downtown Ithaca, and key transit corridors. The building comprises five apartments thoughtfully configured to appeal to a broad tenant base. The unit mix includes 2 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, providing flexibility and resilience across leasing cycles. Two of the apartments—one on the top floor and one on the bottom floor—have been recently renovated, offering immediate upside and are presently being leased up. These updated units help elevate the overall rental profile of the property while demonstrating the potential to systematically renovate remaining apartments over time. Investors can pursue a phased value-add strategy, increasing rents through continued interior upgrades while maintaining cash flow from occupied units. The corner location at East State Street and Quarry Street significantly enhances the property’s appeal. East State Street is a major east–west corridor connecting Downtown Ithaca to Collegetown and Cornell University, providing excellent visibility, accessibility, and long-term desirability
Courtesy: Howard Hanna S Tier Inc
607-257-0800
Offered for the first time in nearly half a century, this exceptionally well-maintained multifamily portfolio has been in the same family for 49 years. The property includes a total of 19 fully rented apartment units, each with dedicated parking. Located in the heart of Ithaca - close to public transportation, shopping, restaurants, Ithaca College, and Cornell University. This is an unbeatable investment in one of the most sought -after rental markets in the area. Addresses included: 204, 206, 208, & 210 W Spencer Street, Package Price of 2.1M. Long - term care, numerous updates, a prime location, and strong rental history make this a rare opportunity you won't want to miss.
Courtesy: Warren Real Estate of Ithaca Inc. (Downtown)
607-257-0666
Introducing an exceptional opportunity at 306 Stewart Avenue, this spacious multi-family property in Ithaca is perfectly positioned for investors looking for reliable rental returns. Impressive long-term growth addition to their portfolio. With over 4500 sq. ft. of well-planned living space, this property distinguishes itself not only by size, but by its capacity to generate steady income in a vibrant in-demand neighborhood. Featuring 14 bedrooms and 5 bathrooms, the property is designed to suit a variety of living needs, increasing its appeal and leasing options. Each unit provides privacy, while the generous shared spaces foster a welcoming environment, ideal for encouraging tenant satisfaction and reducing turnover. Multiple modern kitchens and durable flooring ensure straightforward management and help keep ongoing maintenance costs controlled. An abundance of natural light throughout enhances the interior, attracting tenants who value a bright and comfortable home, especially in a university-oriented rental market. Nestled on Stewart Avenue, the property is just moments from Cornell University, a consistent source of rental demand year-round.
Courtesy: Pyramid Brokerage Company - Co
607-277-2327
FOR SALE / INVESTMENT OPPORTUNITY a unique multi-unit property in the heart of downtown Ithaca, located at 316-318 East Seneca Street. This well-positioned building offers excellent investment potential, combining desirable amenities, solid size, and prime location. Favorable City of Ithaca CBD 60 zoning and sizable lot for redevelopment & expansion in a strong rental growth & high demand marketplace. Ten (10) fully leased 2025-2026 apartments consisting of five (5) one-bedroom and five (5) two-bedroom apartments (a total of 15 beds) and off street parking lot. Reach out for additional info and questions to agent 607 351 8346 [email protected] Financials available with signed NDA. https://www.pyramidbrokerage.com/listings/316-seneca-street-east-ithaca-ny-g7055/
Courtesy: Howard Hanna S Tier Inc
607-257-0800
Located in the heart of College Town, this charming 6-unit apartment building offers a unique blend of historic character and modern convenience. Just a short walk from Cornell University, and Downtown Ithaca. It is nestled within a well-preserved historic district, and this property offers 6 parking spaces. Call to schedule a showing tour!
Courtesy: Warren Real Estate of Ithaca Inc.
607-257-0666
An exceptional opportunity in the heart of Cornell University's Collegetown: 202 Linden Ave is a high-quality, fully leased student housing asset offering strong income and long-term investment value. This modern, low-maintenance building features 10 units and 26 beds, thoughtfully configured to maximize appeal and occupancy. Fully furnished with in-unit washer/dryers, the unit mix includes three 1-bedroom apartments, one 2-bedroom, three 3-bedrooms, and three 4-bedroom units, catering to a wide range of student housing needs. Designed for efficiency and tenant comfort, the property benefits from superior new construction, professional management, and consistently strong rental demand. Just steps from Cornell University, public transit, restaurants, and shops, this property is ideally positioned in one of the region's most desirable and high-traffic locations.
Courtesy: Howard Hanna S Tier Inc
607-257-0800
Exceptional Six-Unit Investment Opportunity — This 7,000 SF property stands apart for its focus on meaningful, lasting improvements over cosmetic updates. Over 18 years, the current owner has prioritized major infrastructure upgrades that reduce future maintenance, repair, and capital expenditure costs. Key updates include structural reinforcement, enhanced insulation, complete plumbing and electrical replacements (including individual panels and 200-amp service), and fully code-compliant systems throughout. Kitchens feature durable, residential-grade appliances, dimensional lumber cabinetry, and stainless steel counters designed for decades of use. Bathrooms have been rebuilt with modern plumbing and finishes, while nearly all walls and ceilings have been refinished or replaced. Most windows are new, and the Carriage House boasts double-stud walls with spray foam insulation. Situated in a highly desirable location with consistently low vacancy rates, this thoughtfully upgraded, future-proof property remains a standout investment in Ithaca’s competitive market.
Renovated, Affordable, Close to Downtown, Cornell, Ithaca College, AND income producing. The 3 bedroom 1 bath house is tucked away from the road with a fenced yard in front and back. It is freshly painted inside and out, has many new floors, an updated kitchen and appliances. The 1 bedroom 1 bath carriage house is located above the 2 car garage and can defray the cost of taxes and mortgage payments. Open house Sunday, December 3rd from 1-2:30.
Looking for a prime Collegetown investment and an easy rental? Three story, 5 bedroom house legal for 5 unrelated persons. Just a few steps from Cornell University and The Collegetown Business District. Spacious rooms, lots of natural light. Leased for 12 months until 6/5/2024 for a total rent of $58,800, and already leased for 24-25 at a total rent of $65,400. New ending lease date is June 5, 2025. The house is furnished and has a washer and dryer. Domestic sprinkler allows use of third floor. Many recent improvements. Main floor has living room, kitchen, two bedrooms. Second floor has three more bedrooms and two full baths. Third floor is finished off as legal lounge space.
If you're looking for an easy-to-rent investment property, near Ithaca College and Cornell University, this is the place for you! Already fully rented - the interior has been completely renovated in 2019. There are three bedrooms per unit and 1.5 bathrooms, so each apartment can accommodate up to 3 people comfortably. Listing agent is a licensed real estate agent.
This property is located in Ithaca, New York. It is a quick drive to both Ithaca College and Cornell University. The property has been fully rented out and is currently occupied until July 2024. There are spacious bedrooms with washer/dryer in each unit. There is off-street parking available for tenants as well as a front porch area for sitting outside on nice days. This property is located in the South Hill neighborhood and is near many local amenities including restaurants, bars, grocery stores, and parks.Owner is a Licensed NYS Real Estate Salesperson.
This home is located in the South Hill neighborhood of Ithaca, NY. It's close to many local amenities and just a short drive from Ithaca College and Cornell University.The property features ample lighting, washer/dryer in each unit, off-street parking, and a two-car garage. Seller is a NYS Licensed Real Estate Salesperson.
Live locally in the heart of Ithaca, just steps to all the best local amenities. We're big on space for roommates, with two - 4 (GIGANTIC) bedroom units, each unit with 1.5 baths. There's also plenty of room for storage and each unit comes with a washer/dryer. Plus it's furnished so you don't need to worry about buying anything extra! The Commons is right around the corner and there's no shortage of things to do here in town. Great off-street parking and less than a 5-minute drive to both Ithaca College and Cornell. The owner is an NYS Lic. Real Estate Salesperson.
Well-maintained investment opportunity located on Ithaca South Hill with Ithaca College, Cornell University, and Downtown Ithaca at your fingertips. This up/down 6 bedroom 2 bath duplex (3 up 3 down) offers 6 spacious bedrooms, plenty of natural light, fully furnished, Newly paved driveway with ample off street parking, bus stop nearby, and shared washer/dryer onsite. Separate utilities which tenants are responsible for making this investment an easy transition. Owner is NYS Licensed Real Estate Salesperson
Welcome to your next opportunity at 414 Stewart Avenue, a remarkable multi-family property available for sale. This investment is situated in Lower College Town, offering an excellent location for both residents and investors. With 14 bedrooms, 4 bathrooms, 4 kitchens, and an ample parking lot for 13 vehicles, this property is perfect for those seeking a profitable venture. Spanning nearly 5000 square feet of finished living space. This property boasts proximity to Cornell University, making it an ideal choice for students, staff, and faculty members. New heating system installed 2023, new appliances in 3 out of the 4 kitchens. Contact David or your Buyer agent today for more information and to schedule a viewing!
Great opportunity to own a Collegetown investment property that has been completely and tastefully renovated. Every surface has been touched from the heating and air conditioning to the beautiful kitchens with stainless appliances, updated tiled baths, new floors, paint, lighting, and in unit washer and dryers. great ceiling height and spacious rooms. Too many upgrades to mention all. Fully rented through the 2023-24 school year.
Rare opportunity in a prime High-Density Residential area! Approx 3-acres of land located across from Ithaca College and moments away from downtown Ithaca. Available now on Danby Rd.(96b). This gem presents an enticing prospect for developers & investors alike. One of the standout features of this property is the existing income-producing potential it offers. For the past 25 years, the 5 properties have been generating steady revenue, making it a promising investment opportunity with a proven track record. All the essential infrastructure for development is on-site. House Lots are beautifully landscaped, complementing the vibrant surroundings. With the flexibility of HDR Zoning to develop condominiums, townhouses, apartment buildings, and other multiple family housing for developers.The possibilities are endless! If you're looking to expand your property portfolio or create a residential haven in this highly sought-after location, this property has the potential to fulfill your vision.
Fully Rented through 2023-2024 rental period!! Ithaca investment opportunity!! Located 2 blocks from downtown Ithaca, quick commute to Ithaca College and Cornell University. This 3-Unit property has outstanding rental history. From the 9-11' high ceilings, w/ charming hardwood flooring throughout, bright natural lighting, generous living spaces, and the front porches to unwind on, these two units have no issues renting. Units 1 and 2 can also be rented as a 5/6 unit with the joining staircase. Basement apartment has unique architectural charms that oozes coziness, from the luxurious in-floor heating to the Herringbone style tiles to the exposed brick, and its covered patio makes this studio very easy to rent. All units are on separate meters. Tenants are responsible for gas/electric, trash, and recycling. Seasonal off street parking behind the house with a one car covered space bring in additional income.
Just reduced!! 13 br Collegetown 4 unit, with one apt on each of four levels. Located in the EH Historic District, which governs only the exterior of the building. Two 4 br apts, one 3br, and one 2br unit. 3 br and 2nd flr 4 br apts leased at $750 per br, furnished and including utils. Still signing leases for the 3rd flr 4-br unit, at the same rent and terms. The 2 br unit facing Seneca St. is leased unfurnished for 11 mos at $1245 per mo through 7.31.24. Off-street parking space leased for $80 per month for fall term. When fully leased, proj. rent for 23.24 is $96,995, includ. parking and on 10 month leases. New C of C in process. Deed, survey, current leases, expired C of C, railing height variance and encroachment agreement uploaded to docs. 10 year old tear off roof.
Ithaca is located in New York. Ithaca, New York has a population of 31,819. Ithaca is more family-centric than the surrounding county with 30.72% of the households containing married families with children. The county average for households married with children is 26.46%.
The median household income in Ithaca, New York is $40,973. The median household income for the surrounding county is $64,260 compared to the national median of $69,021. The median age of people living in Ithaca is 22.3 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 37.4 inches per year, with 63.3 inches of snow per year.
