190 Lower Creek Road, Ithaca, NY 14850

Local realty services provided by:HUNT Real Estate ERA
190 Lower Creek Road,Ithaca, NY 14850
$1,600,000
  • 16 Beds
  • - Baths
  • 10,000 sq. ft.
  • Multi-family
  • Active
Listed by: joan m portzline
Office: berkshire hathaway homeservices heritage realty
MLS#:S1682166
Source:NY_GENRIS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$160

About this home

The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable...

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Home facts

  • Year built:1980
  • Listing ID #:S1682166
  • Added:1 day(s) ago
  • Updated:June 04, 2026 at 11:40 PM

Rooms and interior

  • Bedrooms:16
  • Flooring:Carpet, Ceramic Tile, Laminate, Varies, Vinyl
  • Kitchen Description:Refrigerator
  • Basement:Yes
  • Living area:10,000 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1980
  • Building area:10,000 sq. ft.
  • Lot area:2.5 Acres
  • Lot Features:Irregular Lot, Residential Lot, Secluded
  • Construction Materials:Brick, Frame, Wood Siding
  • Levels:1 Story

Schools

  • High school:Dryden High
  • Middle school:Dryden Middle
  • Elementary school:Dryden Elementary

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$160
  • Tax amount:$181,348

Features and amenities

  • Appliances:Refrigerator
  • Laundry features:Electric Water Heater

Parking

  • Parking description:Driveway, No Garage