Queen Anne Victorian
For Sale
$439,000
Pending
414 W Seneca Street, Ithaca, NY 14850
MULTI_FAMILY - Other - Ithaca, NY
Property Size2,052 SF
Lot Size0.12 Acres
Days on Market117
Property Features for 414 W Seneca Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bathroom 1
Window features
Wood Frames
Patio and Porch features
Deck, Patio
Interior features
NaturalWoodwork
Exterior features
Balcony, Deck, Patio, PrivateYard
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school
Beverly J Martin Elementary
Middle school
Dewitt Middle
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Subdivision
Ithaca-City-500700
Standard status
Pending
APN
500700-060-000-0006-016-000-0000
Size
2,052 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
12668
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1860
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Vinyl
Building materials
BlownInInsulation, Brick, Frame, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Warren Real Estate of Ithaca Inc. (Downtown)
(607) 257-0666
Listed By:
Laurel Guy · License #10371201385
(607) 227-1556
Added: Apr 6
Changed: Jul 18
Last Checked: Jul 31 at 1:06AM
MLS# R1671486
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.
Investment Insights
Based on property information with market context.
This Queen Anne brick Victorian duplex, constructed in 1860, is located three blocks from the Ithaca Commons in the West End neighborhood. The property features ornate trim and is comprised of two units. Apartment 1, situated on the main level, offers 957 square feet, two bedrooms, one bathroom, high ceilings, original woodwork, a formal dining and living room, an updated kitchen with butcher block counters, a marmoleum floor, a breakfast bar, and an original beadboard cabinet, along with an updated tile bath. Apartment 2, located on the second floor, provides 983 square feet, two bedrooms, one bathroom, high ceilings, original woodwork, an enclosed porch, a front balcony, a back balcony, a cherry eat-in kitchen, a large living room, and an updated tile bath. Both apartments have separate utilities, separate entrances, separate washer/dryers, and off-street parking. The property includes a deep fenced back yard with perennials. The basement is solid and dry with a bluestone floor and foundation. Updates include plumbing, electric, a 2020 roof, 2024 blown-in insulation, a 2023 furnace, newer hot water heaters, and refinished hardwood floors. The property, situated on a 0.12-acre lot, can be easily converted back into a single-family home and is suitable for owner-occupancy.
Key Highlights
- Queen Anne brick Victorian built in 1860, configured as an up‑and‑down duplex with 4 bedrooms and 2 full bathrooms
- Duplex has separate utilities, separate entrances, and separate washer/dryers, plus off‑street parking
- Main‑level unit (APT 1): 2 BR, 1 BA with 957 sq. ft., high ceilings, and updated kitchen with butcher block counters and breakfast bar
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 | $40.6k | $19.80 |
| − Vacancy | −$1.8k | −$0.89 |
| EGI | $38.8k | $18.91 |
| − OpEx | −$11.6k | −$5.67 |
| NOI | $27.2k | $13.24 |
2,052 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.0K
$339.5K – $452.7K
NOI $27,161 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$359.6K
$314.6K – $419.5K
NOI $25,170 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$640.3K
$560.3K – $747.0K
NOI $44,822 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,755
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex near Ithaca Commons with original architectural details.
Where is this duplex located?
The property is located at 414 W Seneca Street Ithaca, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Queen Anne brick Victorian built in 1860, configured as an up‑and‑down duplex with 4 bedrooms and 2 full bathrooms; Duplex has separate utilities, separate entrances, and separate washer/dryers, plus off‑street parking; Main‑level unit (APT 1): 2 BR, 1 BA with 957 sq. ft., high ceilings, and updated kitchen with butcher block counters and breakfast bar
