213 Dearborn Place, Ithaca, NY 14850

Ithaca
Local realty services provided by:Team VP Real Estate
213 Dearborn Place,Ithaca, NY 14850
$850,000
  • 8 Beds
  • 4 Baths
  • 4,346 sq. ft.
  • Multi-family
  • Active
Listed by: karen hollands
Office: howard hanna s tier inc
MLS#:R1696631
Source:NY_GENRIS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$195.58

About this home

An exceptional investment opportunity in Ithaca's nationally recognized Cornell Heights Historic District, just steps from Cornell University's North Campus. Combining historic character, proven rental performance, and significant upside potential, this well-maintained income property is legally approved for occupancy by up to 13 unrelated individuals within the R-2A zoning district, offering remarkable flexibility for investors. Currently configured for strong cash flow, the property features three separate kitchens, four full bathrooms, one half bath, and a flexible rental layout consisting of a private one-bedroom lower-level apartment, a two-bedroom main-level apartment, and a five bedroom apartment occupying the second and third floors. The current configuration generates $$89,400 in annual gross rental income, while the property's legal occupancy provides an attractive value-add opportunity for future income growth. Rich in architectural character, the residence showcases...

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Home facts

  • Year built:1908
  • Listing ID #:R1696631
  • Added:1 day(s) ago
  • Updated:July 09, 2026 at 08:39 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Flooring:Hardwood, Tile, Varies
  • Basement:Yes
  • Basement Description:Partially Finished
  • Living area:4,346 sq. ft.

Heating and cooling

  • Heating:Gas, Hot Water

Structure and exterior

  • Roof:Shingle
  • Year built:1908
  • Building area:4,346 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Near Public Transit, Rectangular, Residential Lot
  • Architectural Style:Triplex
  • Construction Materials:Stucco
  • Foundation Description:Poured
  • Levels:3 Stories

Schools

  • Elementary school:Cayuga Heights Elementary

Utilities

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

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$195.58
  • Tax amount:$14,490

Parking

  • Parking description:Paved

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