Duplex Income
180 Kendall Ave, Ithaca, NY 14850
New
MULTI_FAMILY - Other - Ithaca, NY
Property size:
2,832 SFLot size:
0.48 AcresPrice / SF:
$164/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 5:06 pm
Property Features for 180 Kendall Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 503089-054-000-0005-026-002-0000
- Size
- 2,832 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10588
Utilities
- Heating system
- Natural Gas, Forced Air, Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1961
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile, Vinyl, Varies
- Building materials
- VinylSiding
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Suzanne Powers License #10401300020 (607) 277-1500
Listing office RE/MAX In Motion 412 E Upland Rd, Ithaca, NY (607) 277-1500
Listing date Jun 2, 2026
MLS# R1686820
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
- Duplex built in 1961 with vinyl siding and a shingle/asphalt roof
- Upper unit layout: 3 bedrooms, 2 full bathrooms, living room, formal dining room with deck access, kitchen with breakfast nook, laundry area, and a three‑season porch
- Lower unit layout: 3 bedrooms, 3 bathrooms, large living room, kitchen, dining/bonus living space, and its own laundry area
- Deck and three‑season porch features plus multiple storage sheds and additional outbuilding space
- Public water supply with electric and natural gas heating options, including forced air and baseboard
Overview
This duplex offers two separate, well-proportioned residences within one building, providing a straightforward income and living setup. The upper unit features three bedrooms and two full bathrooms, along with a spacious living room, formal dining room with sliding doors to a deck, a bright kitchen with a breakfast nook, a dedicated laundry area, and a three-season porch. The lower unit is also configured with three bedrooms and three bathrooms, with a large living room, a kitchen and dining area with potential for a bonus living space, and its own laundry area. Updates have been completed throughout, supporting an easy transition for the next owner. Outside, the property includes multiple storage sheds and additional outbuilding space that can serve storage, hobbies, or tenant use.
Located in Ithaca and described as convenient to area colleges, downtown, shopping, dining, and entertainment, the property’s location supports ongoing rental demand. With its duplex design, it can appeal to investors looking for diversified tenancy within one asset.
For investors, this layout can support rental income across two units while maintaining separate living spaces. Owner-occupants may find it especially workable as a house-hack scenario, living in one unit and renting the other. The six-bedroom, multi-bath configuration and outdoor storage also make the property a practical fit for multi-generational households seeking more privacy under one roof.
Located in Ithaca and described as convenient to area colleges, downtown, shopping, dining, and entertainment, the property’s location supports ongoing rental demand. With its duplex design, it can appeal to investors looking for diversified tenancy within one asset.
For investors, this layout can support rental income across two units while maintaining separate living spaces. Owner-occupants may find it especially workable as a house-hack scenario, living in one unit and renting the other. The six-bedroom, multi-bath configuration and outdoor storage also make the property a practical fit for multi-generational households seeking more privacy under one roof.
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 | $56.1k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $53.6k | $18.91 |
| − OpEx | −$16.1k | −$5.67 |
| NOI | $37.5k | $13.24 |
2,832 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$496.3K
$434.2K – $579.0K
NOI $34,738 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$883.7K
$773.3K – $1.03M
NOI $61,860 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.482592
- Latitude
- 42.426394
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Spacious two-unit duplex with updates, offering flexible options for rentals, owner-occupancy, or multi-generational living.
Where is this duplex located?
The property is located at 180 Kendall Ave Ithaca, NY.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex built in 1961 with vinyl siding and a shingle/asphalt roof; Upper unit layout: 3 bedrooms, 2 full bathrooms, living room, formal dining room with deck access, kitchen with breakfast nook, laundry area, and a three‑season porch; Lower unit layout: 3 bedrooms, 3 bathrooms, large living room, kitchen, dining/bonus living space, and its own laundry area
