316 S Aurora Street, Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
- Added:
- Dec 15, 2025
- Days on Market:
- 203
- Last Refresh:
- Jul 6 at 6:06 pm
Property Features for 316 S Aurora Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 12, Bedroom 13, Bedroom 2, Bathroom 3, Bedroom 11, Bedroom 8, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 10, Bedroom 3, Basement, Bedroom 6, Bedroom 14, Bedroom 4, Bathroom 4
- Patio and Porch features
- Deck
- Interior features
- Attic
- Exterior features
- Deck
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 500700-081-000-0008-011-000-0000
- Size
- 4,500 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 22143
Utilities
- Heating system
- Natural Gas, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Carpet, Hardwood, Varies, Tile
- Building materials
- Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Melissa Skodzinsky License #30SK0987831 (607) 227-2863
Listing office Berkshire Hathaway HomeServices Heritage Realty 7 James St. Dana Decker, Homer, NY (607) 428-0708
Listing date Dec 15, 2025
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
- Large 4‑unit building on South Hill with two tax parcels
- Unit mix: two 3‑bedroom apartments and two 4‑bedroom apartments (4 total units)
- Conveniently located near The Commons, Cornell University, and Ithaca College
- On‑site parking and laundry income included
- Interior features include attic; flooring includes carpet, hardwood, tile, and other materials
- Utilities/features noted: public water, natural gas heating with baseboard and hot water heating; asphalt roof
Overview
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 | $89.1k | $19.80 |
| − Vacancy | −$4.0k | −$0.89 |
| EGI | $85.1k | $18.91 |
| − OpEx | −$25.5k | −$5.67 |
| NOI | $59.6k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.494926
- Latitude
- 42.436921
