Multi-Family
411 Dryden Road Ithaca, NY 14850
For Sale
$995,000
MULTI_FAMILY - Other - Ithaca, NY
Property Size4,283 SF
Lot Size0.16 Acres
Price / SF$232.31
Days on Market98
Property Features for 411 Dryden Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 7, Bathroom 3, Basement, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 8
- Interior features
- NaturalWoodwork
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 500700-064-000-0007-005-000-0000
- Size
- 4,283 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21192
Utilities
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas, Zoned
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 4
- Number of units
- 3
- Flooring type
- Vinyl, Laminate, Varies, Hardwood
- Building materials
- WoodSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
David Wahl · License #10371201153
(607) 227-3132
Added: Apr 17
Changed: Jul 13
Last Checked: Jul 23 at 10:06PM
MLS# R1673787
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.
Located at 411 Dryden Road in Ithaca, this multi-family residence offers an 8-bedroom, 4-bathroom layout within a total size of 4,283 square feet on a 0.16-acre lot. The property is described as well-appointed, with interior spaces arranged to support comfort and day-to-day functionality.
The home is positioned in Ithaca’s Collegetown neighborhood, with Cornell University noted as being just steps away. The surrounding area is characterized in the remarks as offering nearby dining options and amenities within easy reach.
For a buyer evaluating income-producing residential use, the property’s configuration is centered on its bedroom and bathroom count, providing a straightforward foundation for rental occupancy based on the layout described in the listing.
The home is positioned in Ithaca’s Collegetown neighborhood, with Cornell University noted as being just steps away. The surrounding area is characterized in the remarks as offering nearby dining options and amenities within easy reach.
For a buyer evaluating income-producing residential use, the property’s configuration is centered on its bedroom and bathroom count, providing a straightforward foundation for rental occupancy based on the layout described in the listing.
Key Highlights
- 8‑bedroom, 4‑bathroom residence with basement
- Natural woodwork interior features
- Zoned heating and zoned cooling with natural gas and hot water (heating)
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 | $84.8k | $19.80 |
| − Vacancy | −$3.8k | −$0.89 |
| EGI | $81.0k | $18.91 |
| − OpEx | −$24.3k | −$5.67 |
| NOI | $56.7k | $13.24 |
4,283 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$809.9K
$708.6K – $944.9K
NOI $56,691 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$750.5K
$656.7K – $875.6K
NOI $52,536 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,554 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-appointed 8-bedroom, 4-bathroom multi-family residence in Ithaca.
Where is this triplex located?
The property is located at 411 Dryden Road Ithaca, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8‑bedroom, 4‑bathroom residence with basement; Natural woodwork interior features; Zoned heating and zoned cooling with natural gas and hot water (heating)
