Two-Family Duplex with
For Sale
$375,000
6 Etna Road, Ithaca, NY 14850
An up-and-down layout offers a second unit alongside the option to restore the residence as a single-family home.
Property Size2,050 SF
Price / SF$182.93
Days on Market66
Property Features for 6 Etna Road
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,840
Amenities
Deck
Building Details
Building Size
2,050 SF
Year Built
1860
Stories
2
Units
2
Listing Agency:
Howard Hanna S Tier Inc
(607) 257-0800
Listed By:
Mary Stoe
(607) 227-4483
Source:
Franzese-realestate
Added: Aug 24
Changed: Oct 28
Last Checked: Oct 26 at 4:01AM
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 Howard Hanna S Tier Inc
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.
Built in 1860, this 2,050-square-foot duplex is arranged as an upper and lower residence. Interior details include hardwood floors, and a front porch extends the living space outdoors. The property may also be reconfigured as a single-family residence.
Set among pine trees on nearly two acres, the property includes a distant view and is located at 6 Etna Road in Ithaca, New York.
Set among pine trees on nearly two acres, the property includes a distant view and is located at 6 Etna Road in Ithaca, New York.
Key Highlights
- Two‑family residence arranged in upper and lower units
- 2,050 square feet
- Built in 1860
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,134
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,680
$542.7K
Cap Rate 7%
$387,629
$387.6K
Cap Rate 9%
$301,489
$301.5K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.8K $18.91/SF
− OpEx
−$11.6K −$5.67/SF
NOI
$27.1K $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%
$542,680
Cap Rate 7%
$387,629
Cap Rate 9%
$301,489
Alternative Uses
Best Use
Multifamily LT 5
$387.6K
$339.2K – $452.2K
NOI $27,134 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$359.2K
$314.3K – $419.1K
NOI $25,146 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 11.94%
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
27
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
Frequently Asked Questions
What type of property is this?
Duplex - An up-and-down layout offers a second unit alongside the option to restore the residence as a single-family home.
Where is this duplex located?
The property is located at 6 Etna Road Ithaca, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family residence arranged in upper and lower units; 2,050 square feet; Built in 1860
