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    306 Stewart Ave Ithaca, NY 14850

    New
    Under Contract
    For Sale
    $1,250,000

    MULTI_FAMILY - Ithaca, NY

    Property size:
    4,507 SF
    Lot size:
    0.02 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 306 Stewart Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Rooms
    Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 9, Bedroom 10, Bedroom 1, Bedroom 12, Basement, Bedroom 14, Bedroom 11, Bedroom 5, Bedroom 7, Bedroom 4, Bedroom 2, Bedroom 13
    Bedrooms
    14
    APN
    500700-063-000-0010-004-000-0000
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio
    Exterior features
    Patio
    Appliances
    GasCooktop, GasOven, GasRange, GasWaterHeater, Refrigerator
    Size
    4,507 SF
    Lot size
    0.02 Acres

    Utilities

    Heating system
    Natural Gas, Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Tile, Hardwood, Laminate, Varies
    Building materials
    AtticCrawlHatchwaysInsulated, VinylSiding
    Roof type
    Asphalt

    Warren Real Estate (607) 257-0666 [email protected]

    Listing agent David Wahl (607) 257-0666 License #10371201153

    Listing date Dec 4, 2025

    MLS# R1648862 Listing URL

    Copyright © 2025 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.

    Overview

    Spacious Multi-Family Ithaca Investment

    Located on Stewart Avenue in Ithaca, this multi-family property presents an investment opportunity with reliable rental returns. The property, with over 4500 square feet of living space, is designed to generate steady income in a vibrant neighborhood. It features 14 bedrooms and 5 bathrooms, suitable for various living needs, which increases its appeal and leasing options. The units provide privacy, while shared spaces foster a welcoming environment, encouraging tenant satisfaction and reducing turnover. Multiple modern kitchens and durable flooring ensure straightforward management and help keep ongoing maintenance costs controlled. Natural light enhances the interior, attracting tenants who value a bright and comfortable home, especially in a university-oriented rental market. The property is moments from Cornell University, a consistent source of rental demand year-round. The lot size is 0.02 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.49001
    Latitude
    42.441869

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    FAQs

    What type of property is this?
    Apartment building - Ithaca multi-family property near Cornell, ideal for investors.
    Where is this apartment building located?
    The property is located at 306 Stewart Ave Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime location near Cornell University ensures consistent rental demand.; - Multi-family property with **14 bedrooms and 5 bathrooms offers significant income potential.**; - **Spacious property with over 4500 sq. ft. of living space.**
    (607) 257-0666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Stewart Ave Ithaca, NY 14850
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