Furnished Renovated
For Sale
$535,000
Pending
702 Hudson Street, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size3,590 SF
Lot Size0.19 Acres
Days on Market484
Property Features for 702 Hudson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 5, Bedroom 8, Bathroom 1
Exterior features
Balcony, Fence
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Corner Lot, Irregular Lot
Elementary school
South Hill
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
North on Hudson past South Hill Elementary, across from Therm.
Subdivision
Ithaca-City-500700
Standard status
Pending
APN
500700-113-000-0006-006-000-0000
Size
3,590 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
17004
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
stainless steel appliances
granite countertops
custom tiled bathrooms
in-unit washer and dryer
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Varies, Vinyl
Roof type
Rubber, Membrane
Architectural style
Other
Listing Agency:
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed By:
Garrett Venuto · License #10401360100
(607) 592-1762
Added: Jun 11, 2025
Changed: Sep 16
Last Checked: Oct 7 at 12:06PM
MLS# R1613968
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.
Renovated in 2014, this 3,590-square-foot duplex includes two furnished units with spacious layouts and oversized bedrooms. Interior features include stainless steel appliances, granite countertops, custom-tiled bathrooms, in-unit washers and dryers, and ample closet storage. Exterior improvements include a balcony and fenced areas, while the property is served by public water and heated by forced air with natural gas.
The 0.1859-acre property is located on Hudson Street in Ithaca’s South Hill area, where student housing and primary residences are both present. Ithaca College’s back entrance is down the street, and the South Hill Recreation Trail is within walking distance. A nearby bus stop provides access to downtown Ithaca, Cornell University, and local amenities.
The 0.1859-acre property is located on Hudson Street in Ithaca’s South Hill area, where student housing and primary residences are both present. Ithaca College’s back entrance is down the street, and the South Hill Recreation Trail is within walking distance. A nearby bus stop provides access to downtown Ithaca, Cornell University, and local amenities.
Key Highlights
- 3,590‑square‑foot duplex renovated in 2014
- Two fully furnished units with stainless steel appliances and granite countertops
- Nine bedrooms, including oversized bedrooms with ample closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,518
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$950,360
$950.4K
Cap Rate 7%
$678,829
$678.8K
Cap Rate 9%
$527,978
$528.0K
Market Conditions
NOI Build-Up for 3,590 SF
Gross rent
$71.1K $19.80/SF
− Vacancy
−$3.2K −$0.89/SF
EGI
$67.9K $18.91/SF
− OpEx
−$20.4K −$5.67/SF
NOI
$47.5K $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%
$950,360
Cap Rate 7%
$678,829
Cap Rate 9%
$527,978
Alternative Uses
Best Use
Multifamily LT 5
$678.8K
$594.0K – $792.0K
NOI $47,518 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$629.1K
$550.5K – $733.9K
NOI $44,036 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.12M
$980.2K – $1.31M
NOI $78,417 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
571
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with furnished interiors, updated finishes, and access to Ithaca College, transit, and the South Hill Recreation Trail.
Where is this duplex located?
The property is located at 702 Hudson Street Ithaca, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,590‑square‑foot duplex renovated in 2014; Two fully furnished units with stainless steel appliances and granite countertops; Nine bedrooms, including oversized bedrooms with ample closet space
