3-Unit Residential Income
719 Hayts Road Ithaca, NY 14850
719 Hayts Road, Ithaca, NY, 14850
$675,000
For Sale
$675,000
MULTI_FAMILY - Other - Ithaca, NY
Property Size3,265 SF
Lot Size2.99 Acres
Price / SF$206.74
Days on Market47
Property Features for 719 Hayts Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 6, Bedroom 4, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 2
- Parking features
- Open, Garage
- Interior features
- CeilingFans
- Appliances
- ElectricWaterHeater, WaterSoftenerRented
- Standard status
- Active
- APN
- 502600-005-000-0002-003-008-0000
- Size
- 3,265 SF
- Lot size
- 2.99 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10523
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Baseboard, Ductless (Heating)
- Cooling system
- Ductless
- Water source
- Well
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl, Laminate, Varies
- Building materials
- BlownInInsulation, VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing Agency
RE/MAX In Motion
(607) 277-1500
412 E Upland Rd, Ithaca, NY
Listed by
Chelsey Smith · License #10401325229
(607) 592-8553
Added: Jun 2 Checked: Jul 18 at 9:06 am
MLS# R1686493
Listing URL
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 3-unit residential property offers a well-designed configuration with open interiors and abundant natural light across three separate living spaces. The building totals 6 bedrooms and 5 bathrooms, with two units featuring 2 bedrooms and 2 full bathrooms, and the middle unit offering 2 bedrooms and 1 full bathroom. Upgrades and amenities include custom cabinetry, luxury vinyl flooring, oversized double-pane windows, and walk-in showers with sliding doors. Additional improvements include offset framing in each firewall to help reduce noise transfer, an insulated foundation, heavy solid-core doors, and high-efficiency heating and cooling systems, along with updated water heaters. For convenience and privacy, each unit includes a quick-speed stackable washer and dryer. Parking is ample, and there is a private one-car attached garage with interior access to support resident comfort.
Set on nearly 3 acres of landscaped grounds, the property is positioned for both income-focused ownership and multi-generational living. The listing notes a steady rental income history and highlights the overall appeal of the thoughtfully designed amenities.
For investors, the unit mix and upgrade package support a turnkey approach, while the three separate residences can fit a range of tenant needs. Owner-occupants can also benefit from the ability to live in one unit while generating rental income from the others, making the property well-suited for building a real estate portfolio over time.
Set on nearly 3 acres of landscaped grounds, the property is positioned for both income-focused ownership and multi-generational living. The listing notes a steady rental income history and highlights the overall appeal of the thoughtfully designed amenities.
For investors, the unit mix and upgrade package support a turnkey approach, while the three separate residences can fit a range of tenant needs. Owner-occupants can also benefit from the ability to live in one unit while generating rental income from the others, making the property well-suited for building a real estate portfolio over time.
Key Highlights
- 3‑unit residential property in the Trumansburg School District, built in 2019
- Nearly 3 acres with 6 total bedrooms and 5 total bathrooms across the three units
- Unit mix: two units with 2 beds/2 full baths, and a middle unit with 2 beds/1 bath
Local 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 | $64.6k | $19.80 |
| − Vacancy | −$2.9k | −$0.89 |
| EGI | $61.7k | $18.91 |
| − OpEx | −$18.5k | −$5.67 |
| NOI | $43.2k | $13.24 |
3,265 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$572.1K
$500.6K – $667.5K
NOI $40,049 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.02M
$891.5K – $1.19M
NOI $71,318 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey 3-unit setup with upgraded finishes, in-unit laundry, and strong owner-occupant flexibility in the Trumansburg School District.
Where is this triplex located?
The property is located at 719 Hayts Road Ithaca, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3‑unit residential property in the Trumansburg School District, built in 2019; Nearly 3 acres with 6 total bedrooms and 5 total bathrooms across the three units; Unit mix: two units with 2 beds/2 full baths, and a middle unit with 2 beds/1 bath
