Two-Unit Duplex
For Sale
$379,000
193-195 Upper Creek Road, Freeville, NY 13068
Residential, Freeville, NY
Property Size2,739 SF
Lot Size1.80 Acres
Price / SF$138.37
Days on Market52
Property Features for 193-195 Upper Creek Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Garage, Open
Appliances
ElectricWaterHeater
Lot features
Irregular Lot
Elementary school
Dryden Elementary
Middle school
Dryden Middle
High school
Dryden High
Elementary school district
Dryden
Middle school district
Dryden
High school district
Dryden
Subdivision
Dryden-502489
Standard status
Active
APN
502489-040-000-0001-045-002-0000
Size
2,739 SF
Lot size
1.80 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
heat, electricity
Taxes and HOA fees
Tax Annual Amount
7686
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating), Forced Air, Electric (Heating), Baseboard
Water source
Well
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Vinyl, Varies
Building materials
VinylSiding
Roof type
Shingle, Metal
Architectural style
Other
Buildings
2
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #10311209448
(888) 400-2513
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 6 at 7:06AM
MLS# B1714561
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.
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Investment Insights
Based on property information with market context.
This duplex property consists of two detached residences on one parcel, with a combined 2,739 square feet. Each home includes three bedrooms and one bathroom. Improvements include a newer roof, vinyl siding, updated flooring, and updated appliances. The buildings were constructed in 1940 and include a mix of hardwood, carpet, and vinyl flooring.
Each residence is individually metered, with occupants responsible for heat, electricity, and other utilities. Heating includes electric, baseboard, forced-air, and propane systems. Open parking and garage parking are available, while the property is served by a private well and septic tank. Existing tenants are in place through May 2027 and July 2027. The property is in Freeville, with proximity to Ithaca, Cornell University, and Ithaca College.
Each residence is individually metered, with occupants responsible for heat, electricity, and other utilities. Heating includes electric, baseboard, forced-air, and propane systems. Open parking and garage parking are available, while the property is served by a private well and septic tank. Existing tenants are in place through May 2027 and July 2027. The property is in Freeville, with proximity to Ithaca, Cornell University, and Ithaca College.
Key Highlights
- Two detached residences totaling 2,739 square feet
- Each unit includes 3 bedrooms and 1 bathroom
- Tenants are in place through May 2027 and July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,597
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,940
$671.9K
Cap Rate 7%
$479,957
$480.0K
Cap Rate 9%
$373,300
$373.3K
Market Conditions
NOI Build-Up for 2,739 SF
Gross rent
$63.8K $23.28/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$61.1K $22.30/SF
− OpEx
−$27.5K −$10.04/SF
NOI
$33.6K $12.27/SF
Area
Tompkins County, NY
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,940
Cap Rate 7%
$479,957
Cap Rate 9%
$373,300
Alternative Uses
Best Use
Multifamily LT 5
$517.9K
$453.2K – $604.2K
NOI $36,254 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$480.0K
$420.0K – $560.0K
NOI $33,597 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$854.7K
$747.9K – $997.1K
NOI $59,828 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 13068, NY
5,189
Population
2,165
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
103
Density / Sq Mi
$79,521
Median Household Income
$45,760
Median Earnings
$1,011
Median Rent
$207,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two detached residences provide separately metered living spaces with established tenancy and updated interior and exterior components.
Where is this duplex located?
The property is located at 193-195 Upper Creek Road Freeville, 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: Two detached residences totaling 2,739 square feet; Each unit includes 3 bedrooms and 1 bathroom; Tenants are in place through May 2027 and July 2027
