Multi-Family Stone
119 The Knoll Ithaca, NY 14850
119 The Knoll, Ithaca, NY, 14850
$1,000,000
Pending
For Sale
$1,000,000
Pending
MULTI_FAMILY - Ithaca, NY
Property Size3,598 SF
Lot Size0.84 Acres
Days on Market73
Property Features for 119 The Knoll
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Rooms
- Bedroom 8, Bedroom 1, Bedroom 10, Bedroom 4, Bedroom 7, Basement, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 9
- Parking features
- Garage
- Window features
- Wood Frames
- Patio and Porch features
- Patio
- Interior features
- ProgrammableThermostat
- Exterior features
- BlacktopDriveway, GravelDriveway, Patio
- Appliances
- CommonWaterHeater, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, FreeStandingRange, GasWaterHeater, Oven, Refrigerator
- Standard status
- Pending
- APN
- 500700-011-000-0002-001-000-0000
- Size
- 3,598 SF
- Lot size
- 0.84 Acres
Taxes and HOA fees
- Tax Annual Amount
- 27457
Utilities
- Heating system
- Natural Gas, Steam
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 3
- Flooring type
- Tile, Laminate, Hardwood, Carpet, Varies
- Building materials
- Stone, CopperPlumbing, PexPlumbing
- Roof type
- Tile, Asphalt, Slate
Listing agency
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed by
Jill Burlington · License #30BU0950986
(607) 592-0474
Added: May 11 Updated: Jul 13 at 11:18PM Checked: Jul 22 at 6:06AM
MLS# R1675736
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This distinctive stone multi-family residence features a classic exterior with a stone foundation, mostly red clay Italian tile roof, and copper gutters. Inside, the home includes radiant heat throughout. The main level has four bedrooms, one full bath, a living room, kitchen, and sunroom. The second floor adds four additional bedrooms and one full bath. The lower level has its own entrance and includes two bedrooms, one with a mini kitchen, and one full bath.
The property is set on a wooded lot and includes a detached garage. Public remarks indicate it is located close to Cornell University, with access to public transportation and everyday amenities.
The kitchen was newly redone in summer 2025. The home is already rented for the coming academic year, providing immediate occupancy as stated in the remarks.
The property is set on a wooded lot and includes a detached garage. Public remarks indicate it is located close to Cornell University, with access to public transportation and everyday amenities.
The kitchen was newly redone in summer 2025. The home is already rented for the coming academic year, providing immediate occupancy as stated in the remarks.
Key Highlights
- Stone residence built in 1980, set on a wooded lot with a detached garage
- College student housing setup with multiple bedrooms: main level four bedrooms and second floor four bedrooms
- Lower level has separate entrance with two bedrooms, one with a mini kitchen, plus one full bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $19.80 |
| − Vacancy | −$3.2k | −$0.89 |
| EGI | $68.0k | $18.91 |
| − OpEx | −$20.4k | −$5.67 |
| NOI | $47.6k | $13.24 |
3,598 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$680.3K
$595.3K – $793.7K
NOI $47,624 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$630.5K
$551.7K – $735.6K
NOI $44,134 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.12M
$982.4K – $1.31M
NOI $78,591 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Stone multi-family home with detached garage, radiant heat, and separate lower-level entrance.
Where is this duplex located?
The property is located at 119 The Knoll Ithaca, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Stone residence built in 1980, set on a wooded lot with a detached garage; College student housing setup with multiple bedrooms: main level four bedrooms and second floor four bedrooms; Lower level has separate entrance with two bedrooms, one with a mini kitchen, plus one full bath
