Four-Unit Multifamily
For Sale
Contact for pricing
327 Coddington Rd, Ithaca, NY 14850
Two dwellings provide flexible occupancy and rental income within Ithaca’s South Hill area.
Property Size4,056 SF
Price / SF$131.90
Days on Market47
Property Features for 327 Coddington Rd
General Information
Standard status
Active
Size
4,056 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
Residential
Occupancy
75%
Investment Type
Value Add
Net Operating Income
$40,800
Additional Details
Multifamily Units
4
Building Details
Year Built
1945
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
RE/MAX In Motion
(607) 277-1500
Listed By:
Lindsay Hart · License #NY 10491209901
Source:
Crexi
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 1:13PM
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 RE/MAX In Motion
Investment Insights
Based on property information with market context.
This residential income property includes four rental units arranged across two separate buildings. The main house contains three units, while a detached two-story bungalow adds a fourth. The owner’s residence features maple cabinetry, granite countertops, a breakfast bar, a brick fireplace, a bonus room, and access to a covered patio. The property was built in 1945 and is zoned Residential.
Two tenants have leases running through July 2027. Heat, water, sewer, and trash removal are included in the current rental structure. Completed home inspections and radon testing for both buildings are available for review. The property is offered as-is and measures 4,056 square feet.
Two tenants have leases running through July 2027. Heat, water, sewer, and trash removal are included in the current rental structure. Completed home inspections and radon testing for both buildings are available for review. The property is offered as-is and measures 4,056 square feet.
Key Highlights
- Four rental units across two separate dwellings
- Main house contains three units; detached two‑story bungalow provides the fourth
- Two tenant leases extend through July 2027
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
151
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two dwellings provide flexible occupancy and rental income within Ithaca’s South Hill area.
Where is this quadplex located?
The property is located at 327 Coddington Rd Ithaca, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four rental units across two separate dwellings; Main house contains three units; detached two‑story bungalow provides the fourth; Two tenant leases extend through July 2027
