Side-by-Side Duplex with
For Sale
$495,000
911-11.5 N Cayuga Street, Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
Property Size1,860 SF
Lot Size0.13 Acres
Price / SF$266.13
Days on Market11
Property Features for 911-11.5 N Cayuga Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Patio and Porch features
Deck, Porch
Interior features
NaturalWoodwork
Exterior features
Deck, PrivateYard
Appliances
GasWaterHeater
Subdivision
Section 27
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Fall Creek Elementary
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Standard status
Active
APN
500700-027-000-0002-017-000-0000
Size
1,860 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
13380
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Hardwood, Carpet
Building materials
AtticCrawlHatchwaysInsulated, BlownInInsulation, Frame, ShakeSiding, WoodSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed By:
Colleen Dobbins Cowan · License #10301220975
(607) 342-6495
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 31 at 3:06AM
MLS# R1698768
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.
This side-by-side duplex includes two separate units, each with its own inviting front porch. Both units feature a bright living room and a formal dining room on the main floor, along with a spacious eat-in kitchen. Upstairs, each unit offers three bedrooms and a full bath. Interior details include warm hardwood floors and original woodwork throughout. Outdoor space includes a generous, shaded yard and a newer back deck.
The property is located in Fall Creek and is described as outside the flood zone. Public remarks indicate it is within walking distance of the Commons, Ithaca Farmers Market, the Waterfront Trail, and Ithaca Falls.
Recent improvements referenced in the listing include replacement of the roof and decking in 2021, window replacements around 2020, the back deck in 2019, and a fresh exterior repaint in 2020, supporting reduced near-term maintenance.
The property is located in Fall Creek and is described as outside the flood zone. Public remarks indicate it is within walking distance of the Commons, Ithaca Farmers Market, the Waterfront Trail, and Ithaca Falls.
Recent improvements referenced in the listing include replacement of the roof and decking in 2021, window replacements around 2020, the back deck in 2019, and a fresh exterior repaint in 2020, supporting reduced near-term maintenance.
Key Highlights
- Side‑by‑side duplex built in 1870 with original natural woodwork and hardwood floors throughout
- Each unit has its own front porch, bright living room, formal dining room, and spacious eat‑in kitchen on the main floor
- Each unit offers 3 bedrooms and a full bath upstairs
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 | $36.8k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $35.2k | $18.91 |
| − OpEx | −$10.6k | −$5.67 |
| NOI | $24.6k | $13.24 |
1,860 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$580.4K
$507.9K – $677.1K
NOI $40,628 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 14850, NY
69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A side-by-side duplex with two front porches, each offering main-floor living and dining plus three upstairs bedrooms.
Where is this duplex located?
The property is located at 911-11.5 N Cayuga Street Ithaca, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1870 with original natural woodwork and hardwood floors throughout; Each unit has its own front porch, bright living room, formal dining room, and spacious eat‑in kitchen on the main floor; Each unit offers 3 bedrooms and a full bath upstairs
