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    505 Dryden Rd Ithaca, NY 14850

    For Sale
    $1,050,000

    MULTI_FAMILY - Other - Ithaca, NY

    Property size:
    4,318 SF
    Lot size:
    0.02 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 8 at 2:06 pm

    Property Features for 505 Dryden Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 10, Bedroom 6, Bathroom 1, Basement, Bedroom 8, Bedroom 11, Bedroom 9, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 2
    Bedrooms
    11
    Bathrooms
    3
    APN
    500700-064-000-0006-003-000-0000
    Interior features
    NaturalWoodwork
    Appliances
    GasWaterHeater
    Size
    4,318 SF
    Lot size
    0.02 Acres

    Utilities

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

    Building Details

    Year built
    1900
    Floors in Building
    4
    Number of units
    3
    Flooring type
    Hardwood, Laminate, Vinyl, Varies
    Building materials
    WoodSiding
    Roof type
    Asphalt
    Architectural style
    Other

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

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

    Listing date Oct 17, 2025

    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

    Collegetown Multi-Family Investment Opportunity

    Located in Collegetown, this multi-family property offers an opportunity for investors and Cornell University affiliates. The residence features 11 bedrooms and 3 bathrooms. Situated near GreenStar Food Co op, residents have access to local groceries. The Six Mile Creek Natural Area, with trails and waterways, is less than a 10-minute walk away. Cornell University's campus is easily accessible, making it suitable for students, faculty, and staff. East Hill Plaza, offering shopping amenities, is also nearby. The property's layout accommodates multiple residents, with common areas and private bedrooms. The property is located in Ithaca's rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -76.47976
    Latitude
    42.440918

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property with 11 bedrooms near Cornell University.
    Where is this apartment building located?
    The property is located at 505 Dryden Rd Ithaca, NY.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime Collegetown location, ideal for Cornell University affiliates and investors.; - High rental income potential due to proximity to Cornell University and strong demand for off-campus housing.; - Spacious layout with **11 bedrooms and 3 bathrooms**, accommodating multiple residents.
    (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
    505 Dryden Rd Ithaca, NY 14850
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