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Collegetown Multifamily Investment Opportunity

308 Fairmount Ave Ithaca, NY 14850

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Seven units near Cornell University in desirable Collegetown location.

Type:Multifamily
Property size:
2,358 SF
Price / SF:
$424/SF
Added:
May 9, 2026
Days on Market:
65
Last Refresh:
Jun 23 at 2:51 am

Property Features for 308 Fairmount Ave

General Information

Standard status
Active
Size
2,358 SF
Property subtype
Multifamily

Building Details

Year Built
1925

Listing office Warren Real Estate Downtown Ithaca

Listing date May 9, 2026

Source Crexi

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 Downtown Ithaca


Investment Insights

Based on property information with market context.

This multifamily property is located in the upper Collegetown area, within walking distance of Cornell University and the Collegetown hub. The property features seven units: four 1-bedroom apartments and three 2-bedroom apartments. The apartments are described as bright and unique, with furnished options available. On-site amenities include coin laundry. A limited number of off-street parking spaces are available. The building has a total size of 2358 square feet. The property is positioned as an investment opportunity with creative potential, particularly suitable for graduate students due to its convenient location on a quiet street.

Key Highlights

  • Highly sought‑after upper Collegetown location, flat walking distance to Cornell University.
  • Seven units total: four 1‑bedroom and three 2‑bedroom apartments.
  • Ideal location for graduate students, offering convenience on a quiet street.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

HVAC Service Electrical Service Building Supply (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Seven units near Cornell University in desirable Collegetown location.
Where is this apartment building located?
The property is located at 308 Fairmount Ave Ithaca, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Highly sought‑after upper Collegetown location, flat walking distance to Cornell University.; Seven units total: four 1‑bedroom and three 2‑bedroom apartments.; Ideal location for graduate students, offering convenience on a quiet street.
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