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    Ithaca, NY Multifamily Properties for Sale

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    King Ferry, NY Trumansburg, NY Genoa, NY
    39 results
    3-Unit Residential Income Property
    $675,000
    3,265 SF
    3-Unit Residential Income Property

    719 Hayts Road, Ithaca, NY 14850

    Turnkey 3-unit setup with upgraded finishes, in-unit laundry, and strong owner-occupant flexibility in the Trumansburg School District.
    • 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
    • High‑efficiency heating and cooling: baseboard, electric, and ductless heating with ductless cooling
    • Each unit includes a quick speed stackable washer and dryer, plus electric water heater and rented water softener
    Updated: Jun 2
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    Unique Duplex in Desirable Location
    $395,000
    2,110 SF
    Unique Duplex in Desirable Location

    134 Poole Road, Ithaca, NY 14850

    Two-unit property with modern amenities and investment potential.
    • Unique duplex in a desirable location, grandfathered property use sets it apart.
    • Two separate units, each with 2 bedrooms, 1.5 bathrooms, private balcony, and individual laundry facilities.
    • Updated kitchens with stainless steel appliances and dark wood cabinetry.
    • Tall, open ceilings and abundant natural light in living spaces.
    • Open loft area suitable for office, gym, or recreation.
    Updated: Apr 7
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    Spacious Multi-Family Ithaca Investment
    $999,999
    4,507 SF
    Spacious Multi-Family Ithaca Investment

    Multi-family property near Cornell University with strong rental income potential.

    306 Stewart Avenue, Ithaca, NY 14850

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    Ithaca Multi-Family Rental Property
    $395,000
    2,964 SF
    Ithaca Multi-Family Rental Property

    Multi-family rental property in Ithaca, NY with flexible layout.

    580 King Road W, Ithaca, NY 14850

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    Ithaca Multifamily Investment Opportunity
    $995,000
    4,283 SF
    Ithaca Multifamily Investment Opportunity

    Prime Collegetown location near Cornell University with strong rental potential.

    411 Dryden Road, Ithaca, NY 14850

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    Collegetown Multi-Family Residence
    $1,000,000
    4,318 SF
    Collegetown Multi-Family Residence

    Premier multi-family residence in Collegetown, near Cornell University.

    505 Dryden Road, Ithaca, NY 14850

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    Ellis Hollow Four-Unit Rental Property
    $570,000
    2,713 SF
    Ellis Hollow Four-Unit Rental Property

    Fully rented four-unit property near Cornell's Vet School.

    1283 Ellis Hollow Road, Ithaca, NY 14850

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    Duplex Income Property
    $465,000
    2,832 SF
    Duplex Income Property

    Spacious two-unit duplex with updates, offering flexible options for rentals, owner-occupancy, or multi-generational living.

    180 Kendall Ave, Ithaca, NY 14850

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    Three-Unit Income Property
    $355,000
    2,678 SF
    Three-Unit Income Property

    Fully occupied three-unit property with a circular driveway and converted garage creating two additional rental units.

    524 Hayts Road, Ithaca, NY 14850

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    Ithaca Two-Family Investment Property
    $750,000
    3,597 SF
    Ithaca Two-Family Investment Property

    Well-maintained two-family property in Ithaca's desirable Northeast neighborhood.

    9 Sanctuary Drive, Ithaca, NY 14850

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    Cornell Heights Duplex Investment Opportunity
    $349,000
    2,022 SF
    Cornell Heights Duplex Investment Opportunity

    Charming duplex near Cornell University, ideal for income property.

    150 Highland Avenue, Ithaca, NY 14850

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    Architectural Apartments Near Cornell
    $1,100,000
    3,851 SF
    Architectural Apartments Near Cornell

    Five units near Cornell University with architectural appeal.

    119 Stewart Avenue, Ithaca, NY 14850

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    Ithaca Multifamily Property Near College
    $495,000
    2,859 SF
    Ithaca Multifamily Property Near College

    Two-unit multifamily property near Ithaca College and downtown.

    918 Danby Road, Ithaca, NY 14850

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    Turn-Key Duplex Near Cornell
    $449,000
    2,288 SF
    Turn-Key Duplex Near Cornell

    Updated duplex near universities, ideal for investors or owner-occupants.

    217 Snyder Hill Road, Ithaca, NY 14850

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    Craftsman Home in Downtown Ithaca
    $488,800
    1,931 SF
    Craftsman Home in Downtown Ithaca

    Charming Craftsman-style home converted into two living spaces.

    205 W Buffalo Street, Ithaca, NY 14850

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    Ithaca Duplex Near Downtown
    $379,000
    1,778 SF
    Ithaca Duplex Near Downtown

    Well-maintained duplex near downtown Ithaca with potential for conversion.

    329 W Buffalo Street, Ithaca, NY 14850

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    Ithaca Stone Residence Near Cornell
    $1,000,000
    3,598 SF
    Ithaca Stone Residence Near Cornell

    Stone residence near Cornell University, ideal for student housing.

    119 The Knoll, Ithaca, NY 14850

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    Investment Property Near Cornell Law
    $925,000
    3,266 SF
    Investment Property Near Cornell Law

    Desirable investment property with excellent rental history near Cornell.

    708 E Seneca Street, Ithaca, NY 14850

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    Four-Unit Multifamily Property Near Colleges
    $690,000
    4,500 SF
    Four-Unit Multifamily Property Near Colleges

    Four-unit multifamily property near The Commons, Cornell, and Ithaca College.

    316 S Aurora Street, Ithaca, NY 14850

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    Collegetown Multi-Family Investment Opportunity
    $1,200,000
    3,997 SF
    Collegetown Multi-Family Investment Opportunity

    Multi-family property near Cornell University with 15 bedrooms.

    410 Stewart Avenue, Ithaca, NY 14850

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    Ithaca Multifamily Investment Opportunity
    $1,000,000
    2,358 SF
    Ithaca Multifamily Investment Opportunity

    Seven units near Cornell University in Collegetown, Ithaca.

    308 Fairmount Avenue, Ithaca, NY 14850

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    Queen Anne Victorian Duplex
    $439,000
    2,052 SF
    Queen Anne Victorian Duplex

    Updated duplex near Ithaca Commons with original architectural details.

    414 W Seneca Street, Ithaca, NY 14850

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    West Hill Duplex on Double Lot
    $420,000
    2,438 SF
    West Hill Duplex on Double Lot

    Duplex in Ithaca with three bedrooms and a double lot.

    112 Sunrise Road, Ithaca, NY 14850

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    Renovated Duplex in Ithaca's South Hill
    $535,000
    3,590 SF
    Renovated Duplex in Ithaca's South Hill

    Fully renovated duplex near Ithaca College with strong rental potential.

    702 Hudson Street, Ithaca, NY 14850

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    Ithaca, NY Multifamily Properties Investment Opportunities Market Analysis

    Explore 63 multifamily properties for sale in Ithaca, NY, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 117,299 square feet of properties for sale, with an estimated market value of $28,497,199.

    Sale prices for multifamily properties in Ithaca, NY start at $149,900, averaging $791,588, and reaching up to $5,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 14
    Apartment buildings 12
    Triplexes 5
    Quadplexes 4
    Mobile home & RV parks 3

    Property Size Breakdown

    The majority of commercial real estate listings in Ithaca fall within the 100,000+ square foot range.

    Demographics Overview

    Population 73K
    Population Growth (5Y) -2.9%
    Median Household Income $71,184
    College Educated 58.0%

    High-Yield Neighborhoods for Investment

    Identify Ithaca submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    14850 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 0.85%
    Property Tax per SF $21.37 per sq ft
    Average Loan-to-Value 65.0%

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