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42-Unit Apartment Building
For Sale
Contact for pricing
Pending

9 Village Cir, Ithaca, NY 14850

Forty-two apartment units with recent hallway updates, generally near full occupancy and a strong collection history.

Property SizeContact for details
Days on Market133

Property Features for 9 Village Cir

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 42

Building Details

Tenancy Multi
Listing Agency: O' Connell More Consulting & Real Estate
Listed By: Christine O'Connell More · License #10301113077
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 20 at 2:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O' Connell More Consulting & Real Estate

Investment Insights

Based on property information with market context.

This for-sale apartment property contains 42 units. The asset includes recent updates to the hallways, with 12 apartments built in 2015 and 30 apartments built in 1980. The property is generally at 100% occupancy and has an excellent collection history.

The buildings are located just outside the City of Ithaca, near the airport and about four miles from Cornell University, and they are next to an industrial park. The property is zoned for apartments. There is also 95 +/- acres adjacent to the properties, and the seller notes that purchasing both the apartments and the land may offer additional development possibilities, subject to zoning and town approvals.

Key Highlights

  • 42 apartment units just outside the City of Ithaca, generally at 100% occupancy with an excellent collection history
  • Recent updates to hallways in the apartment complex
  • Unit mix by build year: 12 apartments built in 2015 and 30 apartments built in 1980

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Storage Facility Hotel & Motel Bed & Breakfast Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

42
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

34
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Forty-two apartment units with recent hallway updates, generally near full occupancy and a strong collection history.
Where is this apartment building located?
The property is located at 9 Village Cir Ithaca, NY.
What are key features of this property?
This property features: 42 apartment units just outside the City of Ithaca, generally at 100% occupancy with an excellent collection history; Recent updates to hallways in the apartment complex; Unit mix by build year: 12 apartments built in 2015 and 30 apartments built in 1980
More about this property
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