Triplex with Natural
New
For Sale
$995,000
411 Dryden Road, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size4,283 SF
Lot Size0.16 Acres
Price / SF$232.31
Days on Market1
Property Features for 411 Dryden Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential Multi Use
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 3, Basement, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 7
Interior features
NaturalWoodwork
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school
Belle Sherman
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Subdivision
Ithaca-City-500700
Standard status
Active
APN
500700-064-000-0007-005-000-0000
Size
4,283 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
21192
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating), Zoned
Cooling system
Zoned
Water source
Public
Building Details
Year built
1900
Floors in Building
4
Number of units
3
Flooring type
Vinyl, Laminate, Varies, Hardwood
Building materials
WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
David Wahl · License #10371201153
(607) 227-3132
Added: Nov 3
Last Checked: Nov 3 at 11:06PM
MLS# R1726818
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.
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Investment Insights
Based on property information with market context.
This 4,283-square-foot triplex was built in 1900 and contains 8 bedrooms and 4 bathrooms. Natural woodwork is among its interior features; flooring includes vinyl, laminate, and hardwood. The building has wood siding and an asphalt roof, with zoned cooling and zoned heating that includes baseboard and hot water systems powered by natural gas. Public water serves the property, and the lot measures 0.16 acres.
Located on Dryden Road in Ithaca, the property is near Cornell University. Dining options and other amenities are part of the surrounding Collegetown area. The combination of multiple bedrooms and bathrooms, varied flooring, and zoned building systems defines the property's physical profile.
Located on Dryden Road in Ithaca, the property is near Cornell University. Dining options and other amenities are part of the surrounding Collegetown area. The combination of multiple bedrooms and bathrooms, varied flooring, and zoned building systems defines the property's physical profile.
Key Highlights
- 8 bedrooms and 4 bathrooms
- 4,283 square feet on a 0.16‑acre lot
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,691
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,820
$1.1M
Cap Rate 7%
$809,871
$809.9K
Cap Rate 9%
$629,900
$629.9K
Market Conditions
NOI Build-Up for 4,283 SF
Gross rent
$84.8K $19.80/SF
− Vacancy
−$3.8K −$0.89/SF
EGI
$81.0K $18.91/SF
− OpEx
−$24.3K −$5.67/SF
NOI
$56.7K $13.24/SF
Area
Tompkins County, NY
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,820
Cap Rate 7%
$809,871
Cap Rate 9%
$629,900
Alternative Uses
Best Use
Multifamily LT 5
$809.9K
$708.6K – $944.9K
NOI $56,691 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$750.5K
$656.7K – $875.6K
NOI $52,536 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,554 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The eight-bedroom, four-bathroom property offers a multi-bedroom layout near Cornell University and Collegetown dining and amenities.
Where is this triplex located?
The property is located at 411 Dryden Road Ithaca, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8 bedrooms and 4 bathrooms; 4,283 square feet on a 0.16‑acre lot; Built in 1900
