Two-Unit
For Sale
$409,000
219 Snyder Hill Road, Ithaca, NY 14850
The two-unit configuration supports owner occupancy alongside rental use or operation as a pair of rental units.
Property Size2,314 SF
Price / SF$176.75
Days on Market98
Property Features for 219 Snyder Hill Road
General Information
Standard status
Active
Size
2,314 SF
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,948
Building Details
Building Size
2,314 SF
Year Built
1970
Stories
1
Units
2
Listing Agency:
Bruce Stark
Listed By:
Bruce Stark
(607) 279-1874
Source:
Crownjulesrealty
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
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 Bruce Stark
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Investment Insights
Based on property information with market context.
This 2,314-square-foot duplex was built in 1970 and contains two units. Its configuration supports owner occupancy with rental income or use as a two-unit income property.
The property is near a bus stop and Cornell University, with access to private showings arranged through an agent.
The property is near a bus stop and Cornell University, with access to private showings arranged through an agent.
Key Highlights
- Two‑unit duplex suitable for owner occupancy with rental income or as a two‑unit income property
- 2,314 square feet; built in 1970
- Near a bus stop and Cornell University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,629
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,580
$612.6K
Cap Rate 7%
$437,557
$437.6K
Cap Rate 9%
$340,322
$340.3K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$45.8K $19.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$43.8K $18.91/SF
− OpEx
−$13.1K −$5.67/SF
NOI
$30.6K $13.24/SF
Area
Tompkins County, NY
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,580
Cap Rate 7%
$437,557
Cap Rate 9%
$340,322
Alternative Uses
Best Use
Multifamily LT 5
$437.6K
$382.9K – $510.5K
NOI $30,629 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,384 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$722.1K
$631.8K – $842.4K
NOI $50,545 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit configuration supports owner occupancy alongside rental use or operation as a pair of rental units.
Where is this duplex located?
The property is located at 219 Snyder Hill Road Ithaca, NY.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Two‑unit duplex suitable for owner occupancy with rental income or as a two‑unit income property; 2,314 square feet; built in 1970; Near a bus stop and Cornell University
