Two-Unit Duplex with
For Sale
$395,000
134 Poole Road, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size2,110 SF
Lot Size1.40 Acres
Price / SF$187.20
Days on Market150
Property Features for 134 Poole Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
CeilingFans, CathedralCeilings
Exterior features
PropaneTankOwned
Fireplace
1
Appliances
ElectricWaterHeater
Lot features
Irregular Lot
Elementary school
Enfield
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
Take Sheffield from Rt 79. Turn LEFT onto Poole Rd. Property on LEFT just after Woodgate Ln. Sign. Two Driveways.
Subdivision
Ithaca-Town-503089
Standard status
Active
APN
28.-1-34.19
Size
2,110 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Annual Amount
6894
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Well
Amenities
private balcony
in-unit laundry
creek
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile, Hardwood, Varies
Building materials
WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX In Motion · RE/MAX International
(607) 277-1500
Listed By:
Chelsey Smith · License #10401325229
(607) 592-8553
Added: Apr 7
Changed: Sep 2
Last Checked: Sep 3 at 9:06PM
MLS# R1670572
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 2,110-square-foot duplex contains two side-by-side residences on 1.4 acres. Each unit offers two bedrooms, one and a half bathrooms, separate laundry facilities, individual utilities, an updated kitchen with stainless steel appliances, and living areas with tall ceilings. Private balconies open toward a wooded rear yard and creek, while loft areas provide adaptable interior space. Hardwood, carpet, and tile flooring are present throughout the property, which also includes a fireplace, wall-unit cooling, electric baseboard and hot-water heating, and a basement level with storage and exterior access.
Built in 1978, the property has wood siding, an asphalt roof, a well, and a septic tank. Its grandfathered property use supports the existing duplex configuration. The building is scheduled to be vacant as of July 31, offering possession for either owner occupancy or continued residential income use.
Built in 1978, the property has wood siding, an asphalt roof, a well, and a septic tank. Its grandfathered property use supports the existing duplex configuration. The building is scheduled to be vacant as of July 31, offering possession for either owner occupancy or continued residential income use.
Key Highlights
- Two side‑by‑side units totaling 2,110 square feet
- Each unit includes 2 bedrooms and 1.5 bathrooms
- 1.4‑acre property with wooded yard and creek
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,929
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,580
$558.6K
Cap Rate 7%
$398,986
$399.0K
Cap Rate 9%
$310,322
$310.3K
Market Conditions
NOI Build-Up for 2,110 SF
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.
Gross rent
$41.8K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$39.9K $18.91/SF
− OpEx
−$12.0K −$5.67/SF
NOI
$27.9K $13.24/SF
Area
Tompkins County, NY
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,580
Cap Rate 7%
$398,986
Cap Rate 9%
$310,322
Alternative Uses
Best Use
Multifamily LT 5
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.4K
NOI $25,882 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$658.4K
$576.1K – $768.2K
NOI $46,089 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 14850, NY
69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, private laundry, loft areas, and updated kitchens support flexible occupancy across both residences.
Where is this duplex located?
The property is located at 134 Poole Road Ithaca, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two side‑by‑side units totaling 2,110 square feet; Each unit includes 2 bedrooms and 1.5 bathrooms; 1.4‑acre property with wooded yard and creek
