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Residential Income Duplex and Triplex
For Sale
Contact for pricing
Pending

301 Cornell St, Ithaca, NY 14850

Two buildings on one lot with furnished units, on-premises laundry, storage, and a total of nine parking spaces.

Property SizeContact for details
Days on Market150

Property Features for 301 Cornell St

General Information

Standard status Pending
Total Parking Spaces 9
Property subtype Multifamily

Additional Details

Furnished Yes
Multifamily Units 5

Amenities

storage rooms
laundry

Building Details

Tenancy Multi
Listing Agency: Christopher George Real Estate
Listed By: Christopher Anagnost · License #37AN0236407
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Sep 6 at 9:12PM

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 Christopher George Real Estate

Investment Insights

Based on property information with market context.

This residential income property features two separate buildings on one lot. The first building was built in 1987 and contains three units, each with four bedrooms and two bathrooms, along with large living rooms, kitchens, and dining areas. Tenants pay all utilities, and the units are furnished. The premises includes one parking area for the building, with leases scheduled through May 2023.

The second building was constructed circa 1926 and underwent a total rehabilitation in 1987. It includes a first-floor three-bedroom unit and a two-story, five-bedroom unit. These units are also furnished, with leases scheduled through December 2022. On premises, there are storage rooms and laundry facilities, and the property provides nine parking spaces total.

The property is described as being a short walk to Cornell University’s engineering quad and upper campus.

Key Highlights

  • Two buildings on one lot with furnished units and shared on‑premises amenities
  • 1987‑built 3‑unit building with four‑bedroom, 2‑bath apartments; large living room, kitchen, and dining area
  • Tenants in the 1987 building pay all utilities and units include furnishings; one premises parking spot

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Home Appliance Store

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

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

815
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?
Triplex - Two buildings on one lot with furnished units, on-premises laundry, storage, and a total of nine parking spaces.
Where is this triplex located?
The property is located at 301 Cornell St Ithaca, NY.
What are key features of this property?
This property features: Two buildings on one lot with furnished units and shared on‑premises amenities; 1987‑built 3‑unit building with four‑bedroom, 2‑bath apartments; large living room, kitchen, and dining area; Tenants in the 1987 building pay all utilities and units include furnishings; one premises parking spot
More about this property
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