306 Stewart Avenue Ithaca, NY 14850
MULTI_FAMILY - Ithaca, NY
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 5:06 am
Property Features for 306 Stewart Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Basement, Bedroom 1
- Parking features
- Driveway, Garage
- Patio and Porch features
- Porch, Patio
- Exterior features
- Patio
- Appliances
- GasCooktop, GasOven, GasRange, GasWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 500700-063-000-0010-004-000-0000
- Size
- 4,507 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20925
Utilities
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile, Hardwood, Varies, Laminate
- Building materials
- AtticCrawlHatchwaysInsulated, VinylSiding
- Roof type
- Asphalt, Shingle
Listing agent David Wahl License #10371201153 (607) 227-3132
Listing office Warren Real Estate of Ithaca Inc. (Downtown) 140 Seneca Way Suite 200, Ithaca, NY (607) 257-0666
Listing date Jul 10, 2026
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.
Investment Insights
Based on property information with market context.
Located at 306 Stewart Avenue in Ithaca, New York, this income-oriented building is positioned for investors seeking a larger unit mix within a compact lot setting.
Key Highlights
- Multi‑family home with nearly 4,000 sq ft of living space
- 14 bedrooms and 5 bathrooms—designed for multiple tenant living needs
- Multiple kitchens with gas cooking appliances including gas cooktop, gas oven, and gas range
Local Financial Insights For Apartment 5plus
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 | $104.9k | $23.28 |
| − Vacancy | −$4.4k | −$0.98 |
| EGI | $100.5k | $22.30 |
| − OpEx | −$45.2k | −$10.04 |
| NOI | $55.3k | $12.27 |
