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    Ithaca, NY Residential Income Properties for Sale

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    Renovated Duplex with Deck
    Updated: Aug 20
    Renovated Duplex with Deck

    580 King Road W, Ithaca, NY 14850

    $395,000
    2,964 sqft 0.95 AC lot
    Duplex with 2,964 square feet on 0.95 acres
    Built in 1987 with recently updated appliances and paint
    Each side has its own washer and dryer
    Basement areas share one meter; main areas have separate meters
    Decks, porch, private yard, vinyl siding, and PEX plumbing
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    This listing looks promising.

    Here's a quick look at some key insights for

    580 King Road W, Ithaca, NY 14850

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $36K
      Annual

    • Price @ 7% Cap

      $519K
      Above asking

    • Property Type

      Duplex
      Built 1987
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    Four-Unit Property with Two Dwellings
    Updated: Jul 6
    Four-Unit Property with Two Dwellings

    327 Coddington Road, Ithaca, NY 14850

    $510,000
    4,056 sqft 0.84 AC lot
    Four rental units distributed between two separate dwellings
    4,056 square feet on 0.84 acres
    Two units leased through July 2027
    Net Rentable (SqFt) 2,838
    Cap Rate. 8% and DSCR 1.37*
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    Duplex with Separate Lower-Level Apartment
    Duplex with Separate Lower-Level Apartment

    300 Kline Road, Ithaca, NY 14850

    $750,000
    4,685 sqft 0.76 AC lot

    Duplex offering a separate lower-level apartment with its own entrance and patio, plus central air and natural gas forced-air heat.

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    14-Bedroom Apartment Building
    14-Bedroom Apartment Building

    306 Stewart Avenue, Ithaca, NY 14850

    $975,000
    4,507 sqft 0.02 AC lot

    Multi-unit rental property near Cornell University with multiple kitchens, shared areas, and a patio and porch.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    525 W GREEN ST, Ithaca, NY 14850

    $549,000
    4,210 sqft

    Well-maintained quadplex with new roof, updated interiors, separate gas and electric utilities, and four currently rented units.

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    Duplex with Detached Tenant House
    Duplex with Detached Tenant House

    1115 Danby Road, Ithaca, NY 14850

    $509,000
    2,476 sqft 1.10 AC lot

    The property includes a primary residence and separate rental dwelling with updated roofs and public water.

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    Three-Unit Triplex with Private Garage
    Three-Unit Triplex with Private Garage

    719 Hayts Road, Ithaca, NY 14850

    $675,000
    3,265 sqft 2.99 AC lot

    Three-unit triplex with ductless systems, well and septic, and a private one-car attached garage with interior access.

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    Renovated Downtown Duplex
    Renovated Downtown Duplex

    137 Fayette Street, Ithaca, NY 14850

    $650,000
    1,792 sqft 0.10 AC lot

    Two flexible living units combine updated interiors, private residential space, and supplemental rental potential in downtown Ithaca.

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    Four-Story Mixed-Use Building
    Four-Story Mixed-Use Building

    158 E State St, Ithaca, NY 14850

    $1,845,000
    6,670 sqft

    Four-story mixed-use building with fully leased retail, business service, and apartment floors.

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    Triplex with Eight Off-Street Parking Spaces
    Triplex with Eight Off-Street Parking Spaces

    505 Dryden Road, Ithaca, NY 14850

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

    Triplex on a small lot with eight off-street parking spaces, public water, zoned heating and cooling, and an asphalt roof.

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    8-Bedroom Triplex with Zoned HVAC
    8-Bedroom Triplex with Zoned HVAC

    411 Dryden Road, Ithaca, NY 14850

    $995,000
    4,283 sqft 0.16 AC lot

    Triplex residence with eight bedrooms and four bathrooms, zoned heating and cooling, plus public water at 411 Dryden Road.

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    Income-Generating Triplex Opportunity
    Income-Generating Triplex Opportunity

    316 W SENECA ST, Ithaca, NY 14850

    $469,900
    2,747 sqft

    Three occupied units are generating rental income with a certificate of occupancy valid through Sept 2026.

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    Duplex with Two Street Entrances
    Duplex with Two Street Entrances

    616 N Cayuga Street, Ithaca, NY 14850

    $599,000
    3,940 sqft

    Duplex built in 1890 featuring two street-front doors, separate utilities, and a finished attic space.

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    Architectural Apartments Near Cornell
    Architectural Apartments Near Cornell

    119 Stewart Ave, Ithaca, NY 14850

    Contact for pricing
    3,851 sqft

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

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    Top and Bottom Duplex
    Top and Bottom Duplex

    158 Troy Road, Ithaca, NY 14850

    $449,000
    2,981 sqft 0.99 AC lot

    Top and bottom duplex with three bedrooms and 1.5 baths per unit on public water service.

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    Two-Family Duplex with Separate Electric Meters
    Two-Family Duplex with Separate Electric Meters

    225 Snyder Hill Road, Ithaca, NY 14580

    $398,000
    2,241 sqft

    Well-maintained two-family duplex with separate electric meters, updated kitchens, and ample off-street parking with carport.

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    Collegetown Multifamily Investment Opportunity
    Collegetown Multifamily Investment Opportunity

    308 Fairmount Ave, Ithaca, NY 14850

    Contact for pricing
    2,358 sqft

    Seven units near Cornell University in desirable Collegetown location.

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    Seven-Unit Apartment Building with Coin Laundry
    Seven-Unit Apartment Building with Coin Laundry

    308 Fairmount Avenue, Ithaca, NY 14850

    $1,000,000
    2,358 sqft

    Seven units with coin laundry on site, featuring four one-bedroom and three two-bedroom apartments in a 1925 building.

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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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    Triplex with Deck and Porch
    Triplex with Deck and Porch

    708 E Seneca Street, Ithaca, NY 14850

    $925,000
    3,266 sqft

    Triplex built in 1913 with a spacious backyard, deck, front porch, driveway parking, and flexible 4- and 3-bedroom layout.

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    Investment Property Near Cornell Law
    Investment Property Near Cornell Law

    708 E Seneca St, Ithaca, NY 14850

    Contact for pricing
    3,266 sqft

    Desirable investment property with excellent rental history near Cornell.

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    Three-Bedroom Duplex
    Three-Bedroom Duplex

    112-114 Sunrise Road, Ithaca, NY 14850

    $360,000
    2,438 sqft

    Two-unit property with separate parking, covered porches, storage sheds, and access to public transportation.

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    Four-Unit Quadplex with Radiant Heat
    Four-Unit Quadplex with Radiant Heat

    212 Linden Avenue, Ithaca, NY 14850

    Contact for pricing
    4,656 sqft

    Quadplex features floor radiant heat, a central stairwell, and three apartment entry doors, with tenant-paid parking.

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    5-Unit Multifamily Building
    5-Unit Multifamily Building

    119 Stewart Avenue, Ithaca, NY 14850

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

    Freestanding 5-unit multifamily with hardwood floors, in-unit laundry, off-street parking, and deck and porch.

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    Ithaca, NY Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Ithaca, NY, showcased through 58 active listings on our real estate platform. These investment opportunities span a total of 257,091 square feet of properties for sale, with an estimated market value of $40,209,800.

    Sale prices for residential income properties in Ithaca, NY start at $250,000, averaging $913,859, and reaching up to $12,000,000 — 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

    Commercial property segments ranked by active listings on the market

    Multifamily properties 58
    Duplexes 25
    Apartment buildings 15
    Triplexes 9
    Quadplexes 7

    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
    Webster $398K
    Ithaca $973.5K

    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
    • 14580

    Featured Ithaca Real Estate Agencies

    Realmo connects you with licensed Ithaca CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Pyramid Brokerage Company, Inc
    Ithaca, NY 14850
    www.pyramidbrokerage.com/

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