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    OFF-MARKET
    Dormitories

    612 Buffalo St, Ithaca, NY 14850

    3,876 SF 0.05 ac lot Built 1870
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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