316 S Aurora Street Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
- Added:
- Dec 15, 2025
- Days on Market:
- 209
- Last Refresh:
- Jul 12 at 6:06 am
Property Features for 316 S Aurora Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 10, Basement, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 11, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 13, Bedroom 9, Bedroom 8, Bedroom 1, Bedroom 14, Bedroom 12, Bedroom 5, Bedroom 4, Bathroom 2
- Patio and Porch features
- Deck
- Interior features
- Attic
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 500700-081-000-0008-011-000-0000
- Size
- 4,500 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 22143
Utilities
- Heating system
- Baseboard, Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Tile, Hardwood, Varies, Carpet
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Melissa Skodzinsky License #30SK0987831 (607) 227-2863
Listing office Berkshire Hathaway HomeServices Heritage Realty 7 James St. Dana Decker, Homer, NY (607) 428-0708
Listing date Dec 15, 2025
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.
Key Highlights
- Large 4‑unit property with two tax parcels and on‑site parking
- Unit mix: each side features a 3‑bedroom and a 4‑bedroom apartment (total of four units)
- Laundry income potential reported, with noted opportunity for rent growth
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 | $89.1k | $19.80 |
| − Vacancy | −$4.0k | −$0.89 |
| EGI | $85.1k | $18.91 |
| − OpEx | −$25.5k | −$5.67 |
| NOI | $59.6k | $13.24 |
