471 Troy Road, Ithaca, NY 14850
MULTI_FAMILY - Ithaca, NY
- Added:
- Jun 9, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 14 at 6:06 am
Property Features for 471 Troy Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 4
- Parking features
- Carport, Garage, Open
- Spa
- 1
- Window features
- Drapes, Skylight(s)
- Patio and Porch features
- Deck
- Interior features
- WetBar, CeilingFans, CathedralCeilings, EntranceFoyer, JettedTub, SlidingGlassDoors, Storage, Skylights, WindowTreatments, BedroomOnMainLevel, ProgrammableThermostat
- Exterior features
- Barbecue, Deck, HotTubSpa, Pool, PrivateYard, PropaneTankLeased
- Fireplace
- 1
- Appliances
- PropaneWaterHeater, WaterSoftenerOwned
- Standard status
- Active
- APN
- 502200-004-000-0001-045-000-0000
- Size
- 6,866 SF
- Lot size
- 37.75 Acres
Taxes and HOA fees
- Tax Annual Amount
- 800597
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Forced Air, Wood, Propane (Heating), Hot Water(Heating), Zoned
- Cooling system
- Central Air, Zoned
- Water source
- Well
- Water front features
- Pond
Building Details
- Year built
- 1989
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Varies, Hardwood, Tile, Carpet
- Building materials
- Stone, WoodSiding
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent Jonathan Minerick License #10311209448 (888) 400-2513
Listing office Homecoin.com 600 B St, Ste 300, San Diego, NY (888) 400-2513
Listing date Jun 9, 2026
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
- Completely remodeled and expanded in 2014, adding approximately 2,000 SF to the main residence.
- 5,400‑SF main residence with 4 bedrooms and 3.5 bathrooms (3‑building estate).
- Heated 16' x 28' saltwater pool plus hot tub (spa).
- 1,400‑SF guest house with 1 bedroom and 1 bathroom.
- 37+ private acres with a pond; well water and septic tank sewer.
- Metal roof and mixed heating/cooling with zoned heating, central air, and zoned cooling.
Overview
The compound also features a 1,400-square-foot guest house with one bedroom and one bathroom, plus an additional building that includes a workshop and a kennel. While the setting is described as park-like and surrounded by nature, the estate is also presented as being just minutes from Cornell University, Ithaca College, and downtown Ithaca.
This configuration can fit a range of residential needs where privacy and multiple structures matter, including multi-generational living or hosting with separate guest accommodations. The presence of a workshop and kennel building adds utility beyond the primary home, and the expanded main residence supports flexible use for larger households.
Local Financial Insights For Apartment 5plus
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 | $159.8k | $23.28 |
| − Vacancy | −$6.7k | −$0.98 |
| EGI | $153.1k | $22.30 |
| − OpEx | −$68.9k | −$10.04 |
| NOI | $84.2k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.466547
- Latitude
- 42.380103
