Side-by-Side Duplex with
For Sale
Under Contract
$495,000
911-11.5 N Cayuga Street, Ithaca, NY 14850
Residential, Ithaca, NY
Property Size1,860 SF
Lot Size0.13 Acres
Price / SF$266.13
Days on Market102
Property Features for 911-11.5 N Cayuga Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Patio and Porch features
Deck, Porch
Interior features
NaturalWoodwork
Exterior features
Deck, PrivateYard
Appliances
GasWaterHeater
Subdivision
Section 27
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Fall Creek Elementary
Elementary school district
Ithaca
Middle school district
Ithaca
High school district
Ithaca
Standard status
Active Under Contract
APN
500700-027-000-0002-017-000-0000
Size
1,860 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
13380
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
front porch
back deck
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Hardwood, Varies
Building materials
AtticCrawlHatchwaysInsulated, BlownInInsulation, Frame, ShakeSiding, WoodSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Warren Real Estate of Ithaca Inc.
(607) 257-0666
Listed By:
Colleen Dobbins Cowan · License #10301220975
(607) 342-6495
Added: Jul 21
Changed: Oct 30
Last Checked: Oct 30 at 9:06PM
MLS# R1698768
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.
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 side-by-side duplex contains 1,860 square feet across two residential units, each arranged with a living room, formal dining room, eat-in kitchen, three bedrooms, and one full bathroom. Front porches serve both sides, while hardwood flooring, original woodwork, and a newer rear deck add character and usable outdoor space. The property also includes a shaded private yard, public water, natural-gas forced-air heat, and a shingle roof.
Located at 911-11.5 N Cayuga Street in Ithaca, the 0.1286-acre property is outside the flood zone and within walking distance of the Commons, Ithaca Farmers Market, Waterfront Trail, and Ithaca Falls. Exterior improvements include roof and decking work completed in 2021, window updates around 2020, a back deck added in 2019, and exterior repainting in 2020. One side is described as move-in ready for an owner occupant.
Located at 911-11.5 N Cayuga Street in Ithaca, the 0.1286-acre property is outside the flood zone and within walking distance of the Commons, Ithaca Farmers Market, Waterfront Trail, and Ithaca Falls. Exterior improvements include roof and decking work completed in 2021, window updates around 2020, a back deck added in 2019, and exterior repainting in 2020. One side is described as move-in ready for an owner occupant.
Key Highlights
- Two‑unit side‑by‑side duplex with 1,860 square feet
- Each unit includes 3 bedrooms, a full bath, living room, dining room, and eat‑in kitchen
- Roof and decking replaced in 2021; windows updated around 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,620
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,400
$492.4K
Cap Rate 7%
$351,714
$351.7K
Cap Rate 9%
$273,556
$273.6K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$36.8K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$35.2K $18.91/SF
− OpEx
−$10.6K −$5.67/SF
NOI
$24.6K $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%
$492,400
Cap Rate 7%
$351,714
Cap Rate 9%
$273,556
Alternative Uses
Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.3K
NOI $24,620 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$325.9K
$285.2K – $380.3K
NOI $22,815 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$580.4K
$507.9K – $677.1K
NOI $40,628 @ 7.0% cap · market cap 8.21%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,160
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?
Duplex - Two residential units offer owner-occupant flexibility, updated exterior components, and private outdoor areas.
Where is this duplex located?
The property is located at 911-11.5 N Cayuga Street Ithaca, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 1,860 square feet; Each unit includes 3 bedrooms, a full bath, living room, dining room, and eat‑in kitchen; Roof and decking replaced in 2021; windows updated around 2020
