316 W Seneca Street, Ithaca, NY 14850

Ithaca
Local realty services provided by:Team VP Real Estate
316 W Seneca Street,Ithaca, NY 14850
$469,900
Virtual Tour
  • 5 Beds
  • 4 Baths
  • 2,747 sq. ft.
  • Multi-family
  • Active
Listed by: kevin duffey
Office: howard hanna s tier inc
MLS#:R1638081
Source:NY_GENRIS

Price summary

  • Price:$469,900
  • Price per sq. ft.:$171.06

About this home

Fully occupied, income-producing triplex in downtown Ithaca with gross annual rental income of approximately $58,000 and net operating income exceeding $36,000. All three units are leased through next July, providing immediate cash flow for investors. Financial information is available for qualified buyers. Ideally located within walking distance of The Commons, Cornell University, restaurants, shopping, and Wegmans, this well-maintained property includes a spacious 3-bedroom apartment, a large 1-bedroom apartment, and a studio apartment. Significant improvements include a new boiler (2022), new hot water heater (2024), porch roofs (2024), and the main roof replaced in 2014. The current Certificate of Occupancy is valid through September 2026 and a new 3-year COO is in progress. The 3-bedroom apartment and studio are furnished, and utilities (except phone, cable, and internet) are included. This is an excellent opportunity for investors seeking a stabilized multifamily...

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Home facts

  • Year built:1860
  • Listing ID #:R1638081
  • Added:332 day(s) ago
  • Updated:August 14, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Flooring:Carpet, Hardwood, Varies, Vinyl
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,747 sq. ft.

Heating and cooling

  • Cooling:Wall Units, Window Units
  • Heating:Gas, Hot Water

Structure and exterior

  • Roof:Asphalt, Flat, Membrane, Rubber, Shingle
  • Year built:1860
  • Building area:2,747 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Rectangular, Residential Lot
  • Architectural Style:Triplex
  • Construction Materials:Copper Plumbing, Vinyl Siding
  • Foundation Description:Block, Stone
  • Levels:2 Stories

Schools

  • Elementary school:Beverly J Martin Elementary

Utilities

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

Finances and disclosures

  • Price:$469,900
  • Price per sq. ft.:$171.06
  • Tax amount:$11,734

Features and amenities

  • Amenities:Drapes, Furnished

Parking

  • Parking description:Common, Garage, On Street
  • Garage:Yes

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