Two-Unit Duplex with
New
For Sale
$379,000
134 Poole Road, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size2,110 SF
Lot Size1.40 Acres
Price / SF$179.62
Days on Market4
Property Features for 134 Poole Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4
Patio and Porch features
Porch
Interior features
CeilingFans, CathedralCeilings
Exterior features
PropaneTankOwned
Fireplace
1
Appliances
ElectricWaterHeater
Lot features
Irregular Lot, Wooded
Elementary school
Enfield
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
Take Sheffield from Rt 79. Turn LEFT onto Poole Rd. Property on LEFT just after Woodgate Ln. Sign. Two Driveways.
Subdivision
Ithaca-Town-503089
Standard status
Active
APN
28.-1-34.19
Size
2,110 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Annual Amount
6894
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Hot Water(Heating), Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Well
Amenities
balcony
laundry facilities
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Carpet, Hardwood
Building materials
WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX In Motion · RE/MAX International
(607) 277-1500
Listed By:
Chelsey Smith · License #10401325229
(607) 592-8553
Added: Sep 18
Last Checked: Sep 21 at 10:06PM
MLS# R1715918
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 2,110-square-foot duplex contains two side-by-side residences on 1.4 acres. Each unit includes two bedrooms, one and a half bathrooms, dedicated laundry, separate utilities, a private balcony, and an open loft suitable for flexible household use. Updated kitchens feature stainless steel appliances and dark wood cabinetry, while tall ceilings and abundant natural light shape the main living areas.
The property includes a wooded rear yard with a creek and was built in 1978. Additional features include a porch, fireplace, wall-unit cooling, electric baseboard and hot-water heating, owned propane tank, well water, and a septic tank. The existing grandfathered property use supports consideration for owner occupancy or continued duplex operation.
The property includes a wooded rear yard with a creek and was built in 1978. Additional features include a porch, fireplace, wall-unit cooling, electric baseboard and hot-water heating, owned propane tank, well water, and a septic tank. The existing grandfathered property use supports consideration for owner occupancy or continued duplex operation.
Key Highlights
- 2,110‑square‑foot duplex on 1.4 acres
- Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms
- Separate utilities and laundry facilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,929
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,580
$558.6K
Cap Rate 7%
$398,986
$399.0K
Cap Rate 9%
$310,322
$310.3K
Market Conditions
NOI Build-Up for 2,110 SF
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.
Gross rent
$41.8K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$39.9K $18.91/SF
− OpEx
−$12.0K −$5.67/SF
NOI
$27.9K $13.24/SF
Area
Tompkins County, NY
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,580
Cap Rate 7%
$398,986
Cap Rate 9%
$310,322
Alternative Uses
Best Use
Multifamily LT 5
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.4K
NOI $25,882 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$658.4K
$576.1K – $768.2K
NOI $46,089 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residences offer separate utilities, private balconies, laundry facilities, and updated kitchens with stainless steel appliances.
Where is this duplex located?
The property is located at 134 Poole Road Ithaca, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 2,110‑square‑foot duplex on 1.4 acres; Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms; Separate utilities and laundry facilities for each unit
