702 Hudson Street, Ithaca, NY 14850
- Added:
- Jun 11, 2025
- Days on Market:
- 363
- Last Refresh:
- Jun 8 at 5:06 pm
Property Features for 702 Hudson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 5, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 9
- Exterior features
- Balcony, Fence
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 500700-113-000-0006-006-000-0000
- Size
- 3,590 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17004
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies
- Roof type
- Rubber, Membrane
- Architectural style
- Other
Listing agent Garrett Venuto License #10401360100 (607) 592-1762
Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY (607) 257-0666
Listing date Jun 11, 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.
HighLights
- Fully renovated duplex (2014) with modern finishes, ideal for owner‑occupancy or investment.
- Two units, one featuring 3 bedrooms/2 baths and the other boasting 6 bedrooms/2 baths, both fully furnished.
- Stainless steel appliances, granite countertops, custom tiled bathrooms, and in‑unit washer/dryer in both units are included.
- Located near Ithaca College's back entrance and the South Hill Recreation Trail.
- Strong rental potential, suitable for student housing or long‑term tenants.
- Convenient access to downtown Ithaca, Cornell University, and local amenities via a nearby bus stop.
Overview
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 | $71.1k | $19.80 |
| − Vacancy | −$3.2k | −$0.89 |
| EGI | $67.9k | $18.91 |
| − OpEx | −$20.4k | −$5.67 |
| NOI | $47.5k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.492475
- Latitude
- 42.430132
