202 Lake Street, Ithaca, NY 14850

Ithaca
Local realty services provided by:ERA Team VP Real Estate
202 Lake Street,Ithaca, NY 14850
$550,000
  • 4 Beds
  • 3 Baths
  • 1,704 sq. ft.
  • Multi-family
  • Active
Listed by: isaac kain
Office: berkshire hathaway homeservices heritage realty
MLS#:R1661476
Source:NY_GENRIS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$322.77

About this home

Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in the basement with access available to all tenants. A current Certificate of Compliance is in place. This property also presents an excellent option for an owner-occupant to live in one unit while renting the others to help offset expenses and supplement income. Conveniently located near downtown, shopping, dining, and public transportation, this multi-unit property offers both long-term value and flexibility. A rare opportunity to own a quality income-producing property in a desirable Ithaca location.

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Home facts

  • Year built:1870
  • Listing ID #:R1661476
  • Added:46 day(s) ago
  • Updated:March 25, 2026 at 02:45 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Laminate, Tile, Varies
  • Basement:Yes
  • Basement Description:Full, Walk Out Access
  • Living area:1,704 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1870
  • Building area:1,704 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Corner Lot, Irregular Lot, Residential Lot
  • Architectural Style:Triplex
  • Construction Materials:Copper Plumbing, Vinyl Siding
  • Exterior Features:Deck
  • Foundation Description:Block, Stone
  • Levels:2 Stories

Schools

  • Middle school:Boynton Middle
  • Elementary school:Fall Creek Elementary

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$322.77
  • Tax amount:$17,065

Features and amenities

  • Amenities:Deck, Furnished

Parking

  • Parking description:Common, Gravel Driveway

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