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    Turn-Key Duplex Near Cornell Title is generated by Realmo AI

    217 Snyder Hill Road, Ithaca, NY 14850

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    Claim this Listing
    For Sale
    $449,000

    MULTI_FAMILY - Other - Ithaca, NY

    Property size:
    2,288 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $196/SF
    Added:
    May 20, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 6 at 2:06 pm

    Property Features for 217 Snyder Hill Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 5, Bedroom 6, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
    Parking features
    Carport
    Patio and Porch features
    Deck, Patio
    Interior features
    CeilingFans
    Exterior features
    Deck, Patio
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    503089-057-000-0001-008-065-0000
    Size
    2,288 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10656

    Utilities

    Heating system
    Baseboard, Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Vinyl
    Building materials
    Brick, CompositeSiding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Cierra Cain

    Listing agent Cierra Cain License #10401318973

    Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY

    Listing date May 20, 2026

    MLS# R1683258 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

    • Two‑unit duplex with two three‑bedroom units; finished lower level in a raised ranch design
    • Generated approximately $61,000 in rental income over the past year
    • Upper unit includes a private deck and a butcher block kitchen island with USB outlet ports
    • Lower unit offers open‑concept living/dining with direct access to a patio
    • In‑unit laundry and dishwashers in both units, plus digital smart thermostats
    • 1970 construction with brick and composite siding; asphalt shingle roof; carport; public water

    Overview

    This turn-key duplex is situated between Cornell University and Ithaca College in a desirable rental area. The updated raised ranch design with a finished lower level features two spacious three-bedroom units. The property has generated approximately $61,000 in rental income over the past year. This makes it an opportunity for investors, owner-occupants, or multigenerational living. The upper unit offers a bright living space, a kitchen island with USB outlet ports, and a private deck overlooking the spacious back yard. The lower unit features an open-concept living and dining area with direct access to a patio. Both units include digital smart thermostats, in-unit laundry, and dishwashers. The layouts are suited for a variety of rental strategies. Conveniently located just over a mile from East Hill Plaza and less than 10 minutes from Collegetown and downtown Ithaca, the home offers access to shopping, dining, hiking trails, and scenic gorges. Nearby is Six Mile Creek Vineyard along the Finger Lakes Wine Trail. The property is situated on a 0.34-acre lot and has a property size of 2288 square feet.

    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 $45.3k $19.80
    − Vacancy −$2.0k −$0.89
    EGI $43.3k $18.91
    − OpEx −$13.0k −$5.67
    NOI $30.3k $13.24
    2,288 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $432.6K
    $378.6K – $504.8K (±1% cap)
    NOI $30,285 @ 7.0% cap · market cap 6.74%
    Second Best
    Apartment 5plus
    $400.9K
    $350.8K – $467.8K (±1% cap)
    NOI $28,065 @ 7.0% cap · market cap 6.25%
    Theoretical Best
    Office A
    $714.0K
    $624.7K – $833.0K (±1% cap)
    NOI $49,977 @ 7.0% cap · market cap 11.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Skin Care Clinic Kitchen & Bath Showroom Dental Office Electrical Service Garden Center Wine and Liquor Store Home Appliance Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.450631
    Latitude
    42.423521

    FAQs

    What type of property is this?
    Duplex - Updated duplex near universities, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 217 Snyder Hill Road Ithaca, NY.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Two‑unit duplex with two three‑bedroom units; finished lower level in a raised ranch design; Generated approximately $61,000 in rental income over the past year; Upper unit includes a private deck and a butcher block kitchen island with USB outlet ports
    More about this property
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