150 Highland Avenue, Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
- Added:
- Feb 25, 2026
- Days on Market:
- 131
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 150 Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 8.-1-6
- Size
- 2,022 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10837
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Hardwood, Varies
- Building materials
- Cedar
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Kathleen (Kate) Seaman License #30SE0908346 (607) 280-3339
Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY (607) 257-0666
Listing date Feb 25, 2026
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
- Bungalow‑style duplex built in 1920 with 2 apartments and total 2022 SF (1206 upstairs, 816 downstairs)
- First‑floor unit: 2 bedrooms, 2 bathrooms with off‑street parking, carport, and private deck overlooking a wooded lot
- Lower‑level unit: 2 bedrooms, 1 bathroom with off‑street parking and views of the surrounding natural setting
- Deck features and cedar exterior construction; asphalt roof
- Utilities/services include public water and natural gas, with hot water (heating)
- Offers will be reviewed March 5, 2026
Overview
Local 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 | $40.0k | $19.80 |
| − Vacancy | −$1.8k | −$0.89 |
| EGI | $38.2k | $18.91 |
| − OpEx | −$11.5k | −$5.67 |
| NOI | $26.8k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.486266
- Latitude
- 42.455044
