Renovated Duplex with Two
For Sale
$497,000
30 Main Street, Freeville, NY 13068
A separate one-bedroom apartment offers additional living space alongside the renovated main residence.
Property Size2,000 SF
Price / SF$248.50
Days on Market38
Property Features for 30 Main Street
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,974
Amenities
covered front porch
private rear yard
Ceiling Fan(s)
Cathedral Ceiling(s)
Natural Woodwork
Programmable Thermostat
Enclosed Porch
Porch
Private Yard
See Remarks
Building Details
Building Size
2,000 SF
Year Built
1910
Stories
2
Units
2
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
Brent Katzmann · License #10301209565
(607) 280-8353
Source:
Gentryrealtyproperties
Added: Sep 23
Changed: Oct 25
Last Checked: Oct 29 at 10:09PM
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 Warren Real Estate of Ithaca Inc. (Downtown)
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Investment Insights
Based on property information with market context.
This renovated duplex pairs a 2,000-square-foot main residence with a separate one-bedroom apartment. The upstairs of the house has three bedrooms and two full bathrooms, including an en suite primary bath; the main level includes a kitchen, dining room, living room, and covered front porch. Renovations included new windows, insulation, drywall, flooring, mechanical systems, electrical service, kitchen, and two and a half bathrooms. Most of the roof was replaced, and the exterior was repainted. Each residence has its own garage, and the property includes a private rear yard.
At 30 Main Street in Freeville, the property is two doors from the Village Pantry bakery and farm store and two blocks from the Dryden Rail Trail. TCAT service is nearby, and the property is less than 15 minutes from Dryden, Cornell, and Ithaca. The house is vacant, and the renovation received Historic Ithaca’s 2026 Award of Merit.
At 30 Main Street in Freeville, the property is two doors from the Village Pantry bakery and farm store and two blocks from the Dryden Rail Trail. TCAT service is nearby, and the property is less than 15 minutes from Dryden, Cornell, and Ithaca. The house is vacant, and the renovation received Historic Ithaca’s 2026 Award of Merit.
Key Highlights
- Renovated main residence with a separate one‑bedroom apartment
- 2,000‑square‑foot main house with three upstairs bedrooms and two full bathrooms
- Two garages, one for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,473
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,460
$529.5K
Cap Rate 7%
$378,186
$378.2K
Cap Rate 9%
$294,144
$294.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$39.6K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$37.8K $18.91/SF
− OpEx
−$11.3K −$5.67/SF
NOI
$26.5K $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%
$529,460
Cap Rate 7%
$378,186
Cap Rate 9%
$294,144
Alternative Uses
Best Use
Multifamily LT 5
$378.2K
$330.9K – $441.2K
NOI $26,473 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,686 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
65
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 - A separate one-bedroom apartment offers additional living space alongside the renovated main residence.
Where is this duplex located?
The property is located at 30 Main Street Freeville, NY.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: Renovated main residence with a separate one‑bedroom apartment; 2,000‑square‑foot main house with three upstairs bedrooms and two full bathrooms; Two garages, one for each residence
