5-Unit Apartment
New
For Sale
$505,000
526 W Seneca St, Ithaca, NY 14850
Hardwood flooring, original woodwork, and a covered front porch are among the building’s period features.
Property Size3,074 SF
Days on Market2
Property Features for 526 W Seneca St
General Information
Standard status
Active
Size
3,074 SF
Property subtype
Investment
Units
Unit Mix
2 x studio, 2 x 1BR, 1 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$10,006
Amenities
hardwood floors
original woodwork
covered front porch
Building Details
Building Size
3,074 SF
Year Built
1890
Buildings
1
Stories
2
Units
5
Construction
wood siding
Listing Agency:
Heritage Realty of Central New York
Listed By:
Melissa Skodzinsky · License #30SK0987831
(607) 227-2863
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:30PM
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 Heritage Realty of Central New York
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.
This 1890 apartment property contains five units: two studios, two one-bedroom apartments, and one two-bedroom apartment. Interior features include hardwood floors and original woodwork, while a covered front porch faces the street. Apartment layouts vary, with natural light present throughout.
The building is at 526 W Seneca St in Ithaca, near downtown shopping, dining, entertainment, and other amenities. Its Walk Score is 3, classified as car-dependent, and its Bike Score is 19, classified as somewhat bikeable.
The building is at 526 W Seneca St in Ithaca, near downtown shopping, dining, entertainment, and other amenities. Its Walk Score is 3, classified as car-dependent, and its Bike Score is 19, classified as somewhat bikeable.
Key Highlights
- Five apartments: two studios, two one‑bedroom units, and one two‑bedroom unit
- Built in 1890
- Hardwood floors and original woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,706
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,120
$754.1K
Cap Rate 7%
$538,657
$538.7K
Cap Rate 9%
$418,956
$419.0K
Market Conditions
NOI Build-Up for 3,074 SF
Gross rent
$71.6K $23.28/SF
− Vacancy
−$3.0K −$0.98/SF
EGI
$68.6K $22.30/SF
− OpEx
−$30.9K −$10.04/SF
NOI
$37.7K $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%
$754,120
Cap Rate 7%
$538,657
Cap Rate 9%
$418,956
Alternative Uses
Best Use
Apartment 5plus
$538.7K
$471.3K – $628.4K
NOI $37,706 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.2K
$839.3K – $1.12M
NOI $67,146 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,189
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Hardwood flooring, original woodwork, and a covered front porch are among the building’s period features.
Where is this apartment building located?
The property is located at 526 W Seneca St Ithaca, NY.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Five apartments: two studios, two one‑bedroom units, and one two‑bedroom unit; Built in 1890; Hardwood floors and original woodwork
