203 Prospect Street, Ithaca, NY 14850
Local realty services provided by:HUNT Real Estate ERA
Listed by: lindsay lustick garner
Office: linz real estate
MLS#:R1642286
Source:NY_GENRIS
Price summary
- Price:$380,000
- Price per sq. ft.:$143.07
About this home
Exceptional fully rented 2-unit investment property located just a few blocks from Downtown's Ithaca Commons, generating a gross income of $54,000 through July 31, 2026, and $55,800 for the following year through July 31, 2027. Each apartment offers 3 bedrooms and 1 bath, featuring hardwood floors, kitchens with vintage charm, spacious living and dining areas, many vinyl windows, and convenient access to a shared washer and dryer in the main foyer. Off-street parking and a garage provide ample vehicle space, while both units share a welcoming front porch, a backyard ideal for entertaining, and a back porch and patio accessible from the second-floor apartment as well as from ground level, enhancing outdoor enjoyment. Fully furnished units are equipped with the following appliances: one gas stove and one electric stove, two refrigerators, one dishwasher, two range hoods, and shared washer/dryer in the main foyer, with tenants responsible for all utilities, including water and sewer. A current Certificate of Compliance dated 7/28/2025 is included in the attached documents. Average maintenance expenses, which also include painting, cleaning, repairs, and supplies for turnovers, calculated from the past three years, are $4,455 per year, with insurance for 2025 at $2,900 annually, accounting at $378 per year, and advertising at $145 per year. Snow removal and lawn care are handled by the owner, with only gas for the lawnmower, approximately $200 per year.
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Home facts
- Year built:1864
- Listing ID #:R1642286
- Added:57 day(s) ago
- Updated:December 31, 2025 at 08:44 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,656 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Gas, Hot Water, Steam
Structure and exterior
- Roof:Asphalt
- Year built:1864
- Building area:2,656 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Ithaca Senior High
- Middle school:Boynton Middle
- Elementary school:South Hill
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$380,000
- Price per sq. ft.:$143.07
- Tax amount:$13,389
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