408-12 Hillview Place, Ithaca, NY 14850
Local realty services provided by:HUNT Real Estate ERA
Listed by: brian deyoung
Office: berkshire hathaway homeservices heritage realty
MLS#:R1650340
Source:NY_GENRIS
Price summary
- Price:$1,350,000
- Price per sq. ft.:$226.74
About this home
Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms.
The property provides ample off-street parking along with a five-bay garage, offering additional income potential or utility space. The property is well-suited for student housing or multi-unit leasing, offering a strong rental history and consistent demand in the vibrant Ithaca market.
Well-maintained and thoughtfully arranged for maximum occupancy and convenience, this property represents a rare chance to secure immediate income and long-term value in one of upstate New York’s most resilient rental markets. This asset offers both immediate cash flow and long-term value appreciation. The property’s multi-building composition allows for diverse leasing structures and simplified management under a single parcel. An exceptional portfolio addition or stand-alone investment, this property positions new ownership to capture stable returns in one of New York’s most reliable rental markets....
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Home facts
- Year built:1980
- Listing ID #:R1650340
- Added:58 day(s) ago
- Updated:March 25, 2026 at 02:45 PM
Rooms and interior
- Bedrooms:13
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Carpet, Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
- Basement:Yes
- Basement Description:Full, Sump Pump
- Living area:5,954 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1980
- Building area:5,954 sq. ft.
- Lot Features:Near Public Transit, Rectangular, Residential Lot
- Construction Materials:Block, Concrete, Frame, Stucco, Wood Siding
- Exterior Features:Porch
- Foundation Description:Block, Poured
- Levels:2 Stories
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:$1,350,000
- Price per sq. ft.:$226.74
- Tax amount:$25,654
Features and amenities
- Laundry features:Common Area
- Amenities:Storage
Parking
- Parking description:Common, Garage, Parking Available, Paved
- Garage:Yes
- Garage spaces:5
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