Barn-Style Duplex with Round
367-369 Etna Road, Ithaca, NY 14850
For Sale
$1,400,000
Two residences offer the option to live in one unit while earning income from the other.
Property Size9,758 SF
Price / SF$143.47
Days on Market84
Property Features for 367-369 Etna Road
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
radiant heat
central air conditioning
gas fireplaces
premium water system
Ceiling Fan(s)
Cathedral Ceiling(s)
Central Vacuum
Storage
Propane Tank - Leased
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Tompkins Cortland Real Estate
Listed By:
Kristopher Buchan · License NY #10371200368
(607) 898-3456
Source:
Cowanesquelakerealty
Added: Aug 18
Changed: Nov 8
Last Checked: Nov 8 at 2:57PM
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 Tompkins Cortland Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a duplex, this converted barn contains 9,758 square feet of finished living space, with 12 bedrooms and 6 full bathrooms. Its interior includes radiant heat, central air conditioning, gas fireplaces, and a premium water system. Round rooms at both ends of the building provide a distinctive architectural feature, alongside custom details throughout.
The property was built in 1940. Its two-family layout supports continued use as separate residences, or the building may be occupied as a single-family home, as described in the property information.
The property was built in 1940. Its two-family layout supports continued use as separate residences, or the building may be occupied as a single-family home, as described in the property information.
Key Highlights
- 9,758 square feet of finished living space
- Two‑family layout with 12 bedrooms and 6 full bathrooms
- Radiant heat, central air conditioning, and gas fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,694
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,880
$2.4M
Cap Rate 7%
$1,709,914
$1.7M
Cap Rate 9%
$1,329,933
$1.3M
Market Conditions
NOI Build-Up for 9,758 SF
Gross rent
$227.2K $23.28/SF
− Vacancy
−$9.5K −$0.98/SF
EGI
$217.6K $22.30/SF
− OpEx
−$97.9K −$10.04/SF
NOI
$119.7K $12.27/SF
Area
Tompkins County, NY
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,880
Cap Rate 7%
$1,709,914
Cap Rate 9%
$1,329,933
Alternative Uses
Best Use
Multifamily LT 5
$1.85M
$1.61M – $2.15M
NOI $129,160 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$1.71M
$1.50M – $1.99M
NOI $119,694 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,145 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
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
$334,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Ithaca, NY
Properties on Market for Duplexes in Ithaca
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer the option to live in one unit while earning income from the other.
Where is this duplex located?
The property is located at 367-369 Etna Road Ithaca, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,758 square feet of finished living space; Two‑family layout with 12 bedrooms and 6 full bathrooms; Radiant heat, central air conditioning, and gas fireplaces
