Ithaca Retreat Near
109 Pine Tree Road, Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
Property size:
2,024 SFLot size:
1.33 AcresPrice / SF:
$234/SF- Added:
- Mar 19, 2026
- Days on Market:
- 65
- Last Refresh:
- May 22 at 9:06 am
Property Features for 109 Pine Tree Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Parking features
- Garage, Carport
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Active Under Contract
- APN
- 503089-057-000-0001-015-000-0000
- Size
- 2,024 SF
- Lot size
- 1.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9216
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Tile, Hardwood, Vinyl
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Lirong (Vicky) Wu License #10401342943 (917) 288-9815
Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY (607) 257-0666
Listing date Mar 19, 2026
MLS# R1667965
Listing URL
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
- Borders East Ithaca Nature Preserve and near Vincent and Hannah Pew Trail, offering direct access to outdoor recreation and scenic commutes to Cornell University.
- Meticulously maintained 4‑bedroom, 2.5‑bath home on a lush 1.33‑acre property in the desirable Belle Sherman neighborhood.
- Fully finished walk‑out lower level provides flexibility as a guest suite, home gym, or rental opportunity.
- Open‑concept living and dining areas with hardwood floors, bay window, and two fireplaces create a bright and inviting atmosphere.
- Private patio offers sunset views, complemented by a fire pit and versatile outbuilding for outdoor enjoyment.
- Modern amenities include central air, carport, garage and proximity to East Hill Plaza and TCAT transit for convenient living.
Overview
This meticulously maintained 4-bedroom, 2.5-bath home borders the East Ithaca Nature Preserve, offering tranquility and convenience. Located near the Vincent and Hannah Pew Trail, it provides access for strolls or bike commutes to Cornell University. The open-concept living and dining areas are filled with natural light and feature hardwood floors, a bay window, and two fireplaces. The kitchen overlooks a 1.33-acre property, and the dining area opens to a private patio. The finished walk-out lower level offers flexibility as a guest suite, home gym, or rental opportunity. The property includes a fire pit, outbuilding, and central air. This Belle Sherman property is located minutes from East Hill Plaza and TCAT transit.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$275.9K
NOI $24,827 @ 9.00% cap · cautious / downside scenario
Moderate
$354.7K
NOI $24,827 @ 7.00% cap · market / base-case scenario
Aggressive
$496.5K
NOI $24,827 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.1k | $23.28 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $45.1k | $22.30 |
| − OpEx | −$20.3k | −$10.04 |
| NOI | $24.8k | $12.27 |
2,024 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$354.7K
$310.3K – $413.8K
NOI $24,827 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.6K
$552.6K – $736.8K
NOI $44,210 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.461085
- Latitude
- 42.423716
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Meticulously maintained 4-bedroom home bordering East Ithaca Nature Preserve.
Where is this single family property located?
The property is located at 109 Pine Tree Road Ithaca, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Borders East Ithaca Nature Preserve and near Vincent and Hannah Pew Trail, offering direct access to outdoor recreation and scenic commutes to Cornell University.; Meticulously maintained 4‑bedroom, 2.5‑bath home on a lush 1.33‑acre property in the desirable Belle Sherman neighborhood.; Fully finished walk‑out lower level provides flexibility as a guest suite, home gym, or rental opportunity.
