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    Ithaca Multifamily Apartment Building
    Updated: Feb 11
    Ithaca Multifamily Apartment Building

    526 W Seneca St, Ithaca, NY 14850

    $525,000
    4,577 sqft
    Multi‑Family (5‑Units) Apartment Building.
    Located in Ithaca's West End.
    Just off Commercial Corridor.
    Option to purchase as part of a package with two adjacent commercial properties.
    Package includes a newly constructed Two‑Story Duplex.
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    This listing looks promising.

    Here's a quick look at some key insights for

    526 W Seneca St, Ithaca, NY 14850

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $677K
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1975
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    Four-Unit Multi-Structure Rental Property
    Updated: Jul 6
    Four-Unit Multi-Structure Rental Property

    327 Coddington Road, Ithaca, NY 14850

    $535,000
    4,056 sqft 0.84 AC lot
    Four‑unit property on South Hill in the Town of Ithaca, with two separate buildings and net rentable space of 2,838 SqFt
    Two tenants are secured through July 2027, providing long‑term occupancy for part of the rental income
    Rents are currently structured to include heat, water, sewer, and trash removal
    Owner‑occupied unit features a classic brick fireplace, spacious kitchen with maple cabinetry and granite countertops, plus direct access to a covered patio
    Pro‑forma and current investment metrics: Cap Rate 7.63% with NOI, and Pro‑Forma Cap Rate 9.81% with Pro‑Forma NOI of $52,476
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    Multi-Family Home with Separate Apartment
    Multi-Family Home with Separate Apartment

    300 Kline Road, Ithaca, NY 14850

    $750,000
    4,685 sqft 0.76 AC lot

    Multi-level home with a main residence and a separate lower-level apartment featuring its own entrance and patio.

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    1941 Colonial with Detached Tenant House
    1941 Colonial with Detached Tenant House

    1115 Danby Road, Ithaca, NY 14850

    $579,000
    2,476 sqft 1.10 AC lot

    1941 main home plus a detached 2-story tenant house on a deep, partly wooded lot with extensive parking.

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    Historic Seven-Unit Apartment Building
    Historic Seven-Unit Apartment Building

    210 Delaware Avenue, Ithaca, NY 14850

    $1,455,550
    8,018 sqft

    Seven-apartment building totaling 19 bedrooms, with recent window replacements and porch repairs.

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    Multi-Family Apartment Building
    Multi-Family Apartment Building

    306 Stewart Avenue, Ithaca, NY 14850

    $995,000
    4,507 sqft 0.02 AC lot

    Apartment-style multi-family property with 14 bedrooms and 5 bathrooms and multiple kitchens.

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    3-Unit Residential Income Property
    3-Unit Residential Income Property

    719 Hayts Road, Ithaca, NY 14850

    $675,000
    3,265 sqft 2.99 AC lot

    Turnkey 3-unit setup with upgraded finishes, in-unit laundry, and strong owner-occupant flexibility in the Trumansburg School District.

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    Multi-Family Residence
    Multi-Family Residence

    411 Dryden Road, Ithaca, NY 14850

    $995,000
    4,283 sqft 0.16 AC lot

    Well-appointed 8-bedroom, 4-bathroom multi-family residence in Ithaca.

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    Large Duplex with Two Entrances
    Large Duplex with Two Entrances

    616 N Cayuga Street, Ithaca, NY 14850

    $625,000
    3,940 sqft

    A well-maintained duplex with separate utilities, insulated interiors, and in-unit washer/dryer hookups in a flexible layout.

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    Collegetown Multi-Family Residence
    Collegetown Multi-Family Residence

    505 Dryden Road, Ithaca, NY 14850

    $1,000,000
    4,318 sqft 0.02 AC lot

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

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    Architectural Apartments Near Cornell
    Architectural Apartments Near Cornell

    119 Stewart Ave, Ithaca, NY 14850

    $1,100,000
    3,851 sqft

    Five-unit apartment building near Cornell University with ten bedrooms.

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    Architectural Apartments Near Cornell
    Architectural Apartments Near Cornell

    119 Stewart Avenue, Ithaca, NY 14850

    $1,100,000
    3,851 sqft 0.11 AC lot

    Five units near Cornell University with architectural appeal.

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    Investment Property Near Cornell Law
    Investment Property Near Cornell Law

    708 E Seneca Street, Ithaca, NY 14850

    $925,000
    3,266 sqft

    Desirable investment property with excellent rental history near Cornell.

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    Collegetown Multifamily Investment Opportunity
    Collegetown Multifamily Investment Opportunity

    308 Fairmount Ave, Ithaca, NY 14850

    $1,000,000
    2,358 sqft

    Seven units near Cornell University in desirable Collegetown location.

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    Ithaca Multifamily Investment Opportunity
    Ithaca Multifamily Investment Opportunity

    308 Fairmount Avenue, Ithaca, NY 14850

    $1,000,000
    2,358 sqft

    Seven units near Cornell University in Collegetown, Ithaca.

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    Ithaca Two-Family Investment Property
    Ithaca Two-Family Investment Property

    9 Sanctuary Drive, Ithaca, NY 14850

    $750,000
    3,597 sqft 0.34 AC lot

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

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    Investment Property Near Cornell Law
    Investment Property Near Cornell Law

    708 E Seneca St, Ithaca, NY 14850

    $925,000
    3,266 sqft

    Desirable investment property with excellent rental history near Cornell.

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    Unique Duplex in Desirable Location
    Unique Duplex in Desirable Location

    134 Poole Road, Ithaca, NY 14850

    $395,000
    2,110 sqft 1.40 AC lot

    Two-unit property with modern amenities and investment potential.

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    New Ithaca Duplex Near Corridor
    New Ithaca Duplex Near Corridor

    209 Meadows Street North, Ithaca, NY 14850

    $460,000
    1,764 sqft

    Newly constructed duplex in Ithaca's West End, flexible for occupants.

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    Duplex with Three-Bedroom Units
    Duplex with Three-Bedroom Units

    180 Kendall Ave, Ithaca, NY 14850

    $430,000
    2,832 sqft 0.48 AC lot

    Two 3-bedroom duplex units with multiple baths, deck access, and extra storage, suited for owner-occupants or investors.

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    Ithaca Multifamily Investment Opportunity
    Ithaca Multifamily Investment Opportunity

    204 Fair St, Ithaca, NY 14850

    Contact for pricing
    90,165 sqft 6.88 AC lot

    Multifamily portfolio in Ithaca, NY with redevelopment potential.

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    Four-Unit Multifamily Property Near Colleges
    Four-Unit Multifamily Property Near Colleges

    316 S Aurora Street, Ithaca, NY 14850

    $690,000
    4,500 sqft 0.05 AC lot

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

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    Ithaca Multifamily Investment Opportunity
    Ithaca Multifamily Investment Opportunity

    Graduate Drive, Varna, NY 14850, Ithaca, NY 14850

    $12,000,000

    199-unit multifamily property near Cornell University in Ithaca, NY.

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    Multi-Family Investment Property
    Multi-Family Investment Property

    410 Stewart Avenue, Ithaca, NY 14850

    $1,150,000
    3,997 sqft 0.05 AC lot

    Solid multi-family with 15 bedrooms and parking for seven vehicles, offering a straightforward income property setup.

    View details

    Ithaca, NY Multifamily Properties Market Trends and Statistics

    Explore 61 multifamily properties for sale in Ithaca, NY, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 112,761 square feet of properties for sale, with an estimated market value of $23,905,550.

    Sale prices for multifamily properties in Ithaca, NY start at $250,000, averaging $724,410, and reaching up to $1,455,550 — 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

    Commercial property segments ranked by active listings on the market

    Duplexes 15
    Apartment buildings 11
    Triplexes 6
    Quadplexes 3
    Mobile home & RV parks 2

    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 average listing prices of real estate assets

    Neighborhood Average Price
    14850 $990.7K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Tompkins County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Ithaca, NY

    • 14850
    • 14882

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    Ithaca, NY 14850
    www.pyramidbrokerage.com/

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