Ithaca Multifamily Investment
For Sale
Contact for pricing
204 Fair St, Ithaca, NY 14850
Multifamily portfolio in Ithaca, NY with redevelopment potential.
Property Size90,165 SF
Lot Size6.88 Acres
Days on Market166
Property Features for 204 Fair St
General Information
Standard status
Active
Size
90,165 SF
Lot size
6.88 Acres
Property subtype
Multifamily
Zoning
R-3B
Building Details
Stories
2
Units
109
Listing Agency:
Lee & Associates - New York
(646) 723-4011
Listed By:
Sean Slattery · License #NY 10301221373
Source:
Crexi
Added: Mar 9
Changed: Aug 12
Last Checked: Aug 20 at 7:46AM
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 Lee & Associates - New York
Investment Insights
Based on property information with market context.
This multifamily investment opportunity includes Lakeside Vista and Parkside Vista, located in Ithaca, New York. The portfolio comprises 109 total residential units across 6.88 acres of R3-B zoned land. The assets provide stabilized cash flow supported by in-place operations, coupled with long-term redevelopment and densification optionality driven by low site coverage and favorable zoning. Lakeside Vista consists of 58 units situated on 3.71 acres, while Parkside Vista comprises 51 units on 3.17 acres. The portfolio also includes the vacant corner lot at 224 Fair Street, and a 1,402 square-foot single-family home at 404 Wood Street, which could be included in future development, sold, or leased to tenants. Both properties are currently operated as conventional multifamily communities and are well positioned to serve workforce, student, or hybrid housing demand, allowing for flexible execution under evolving market conditions and municipal approvals. The properties are located in proximity to the flourishing Downtown Ithaca submarket and surrounded by Cornell University and Ithaca College. The property size is 90,165 square feet.
Key Highlights
- Stabilized cash flow from 109 residential units
- Long‑term redevelopment potential on 6.88 acres thanks to favorable R3‑B zoning
- Strategic location near Downtown Ithaca and Universities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,159
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio in Ithaca, NY with redevelopment potential.
Where is this apartment building located?
The property is located at 204 Fair St Ithaca, NY.
What are key features of this property?
This property features: Stabilized cash flow from 109 residential units; Long‑term redevelopment potential on 6.88 acres thanks to favorable R3‑B zoning; Strategic location near Downtown Ithaca and Universities
