Property profile

612 Buffalo St Ithaca, NY 14850

OFF-MARKET
Dormitories
3,876 SF 0.05 ac lot Built 1870
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Property summary

AI-generated overview

This exceptional investment opportunity presents a historic six-unit apartment building ideally situated in Ithaca's vibrant Collegetown, just minutes from Cornell University and downtown Ithaca. Built in 1870, this 3,876 square foot property boasts a strong rental history, making it an attractive prospect for investors seeking stable income. The building sits on a 0.05-acre lot and includes convenient off-street parking for up to six vehicles, a significant advantage in this highly sought-after location. The property's central location ensures high occupancy rates and ease of access to Cornell University, local amenities, and the bustling downtown area. With six individual units, this multifamily property offers a diversified income stream and potential for future appreciation. The asking price is $755,000. This is a rare chance to acquire a well-maintained, income-producing asset in a prime college town setting. The property's historical charm combined with its modern conveniences makes it a truly unique investment opportunity. Serious inquiries are encouraged.

Property profile

Verified
Property type Dormitories
Year built 1870
Total area 3,876 SF
Lot 0.05 ac (2,178 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

612 Buffalo St Ithaca, NY 14850
Ithaca metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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