Two-Family Duplex with Four-Bedroom
For Sale
$485,000
918 Danby Road, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size2,859 SF
Lot Size0.50 Acres
Price / SF$169.64
Days on Market285
Property Features for 918 Danby Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 5, Bathroom 3, Basement, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bathroom 4
Window features
Wood Frames
Patio and Porch features
Patio, Deck
Interior features
SlidingGlassDoors, NaturalWoodwork
Exterior features
Balcony, Deck, Patio, PrivateYard
Fireplace
1
Appliances
GasWaterHeater
Lot features
Irregular Lot, Near Public Transit
Elementary school
South Hill
Middle school
Boynton Middle
High school
Ithaca Senior High
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Directions
From downtown Ithaca, take Route 96B/Danby Road, head south. The house is 1mile on the right. Grey color with burgundy trim.
Subdivision
Ithaca-Town-503089
Standard status
Active
APN
503089-040-000-0003-007-000-0000
Size
2,859 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
10300
Utilities
Heating system
Baseboard, Forced Air, Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Carpet, Vinyl
Building materials
BlownInInsulation, Cedar, FoamInsulation, Stucco, CopperPlumbing, PexPlumbing
Architectural style
Other
Listing Agency:
Keller Williams Realty
(607) 275-5600
Listed By:
Michelle Morusty-Adams · License #40MO1147908
(607) 280-5182
Added: Dec 26, 2025
Changed: Sep 16
Last Checked: Oct 7 at 1:06PM
MLS# R1655430
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 2,859-square-foot duplex contains two four-bedroom apartments on a 0.5-acre parcel. One residence spans two stories, while the second occupies three stories. The property was built in 1938 and includes hardwood, vinyl, and carpet flooring, natural woodwork, sliding glass doors, and a fireplace. Exterior features include a balcony, deck, patio, and private yard, with public water service and natural-gas heating.
Located at 918 Danby Road in Ithaca, the property is within walking distance of Ithaca College and approximately 1 mile from downtown Ithaca. Separate electric and natural gas meters serve the two-family layout. The combination of multiple bedrooms, distinct apartment configurations, outdoor areas, and campus proximity supports its residential income profile.
Located at 918 Danby Road in Ithaca, the property is within walking distance of Ithaca College and approximately 1 mile from downtown Ithaca. Separate electric and natural gas meters serve the two-family layout. The combination of multiple bedrooms, distinct apartment configurations, outdoor areas, and campus proximity supports its residential income profile.
Key Highlights
- Two four‑bedroom apartments in a 2,859‑square‑foot duplex
- 0.5‑acre parcel at 918 Danby Road, Ithaca, NY
- One two‑story apartment and one three‑story apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,843
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,860
$756.9K
Cap Rate 7%
$540,614
$540.6K
Cap Rate 9%
$420,478
$420.5K
Market Conditions
NOI Build-Up for 2,859 SF
Gross rent
$56.6K $19.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$54.1K $18.91/SF
− OpEx
−$16.2K −$5.67/SF
NOI
$37.8K $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%
$756,860
Cap Rate 7%
$540,614
Cap Rate 9%
$420,478
Alternative Uses
Best Use
Multifamily LT 5
$540.6K
$473.0K – $630.7K
NOI $37,843 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$501.0K
$438.4K – $584.5K
NOI $35,069 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$892.1K
$780.6K – $1.04M
NOI $62,449 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
479
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
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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 - Separate electric and natural gas meters support independent utility accounting.
Where is this duplex located?
The property is located at 918 Danby Road Ithaca, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two four‑bedroom apartments in a 2,859‑square‑foot duplex; 0.5‑acre parcel at 918 Danby Road, Ithaca, NY; One two‑story apartment and one three‑story apartment
