614-618 E State Street, Ithaca, NY 14850

Ithaca
Local realty services provided by:ERA Team VP Real Estate
614-618 E State Street,Ithaca, NY 14850
$650,000
  • 5 Beds
  • - Baths
  • 2,869 sq. ft.
  • Multi-family
  • Active
Listed by: kyle steele
Office: howard hanna s tier inc
MLS#:R1654537
Source:NY_GENRIS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$226.56

About this home

Located at the highly visible corner of East State Street and Quarry Street, 614–618 E State Street presents a compelling opportunity to acquire a well-positioned, income-producing multifamily asset in Ithaca’s sought-after Lower Collegetown area. This five-unit property combines a diversified unit mix, recent capital improvements, and a prime corner location that benefits from strong rental demand driven by proximity to Cornell University, Downtown Ithaca, and key transit corridors. The building comprises five apartments thoughtfully configured to appeal to a broad tenant base. The unit mix includes 2 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, providing flexibility and resilience across leasing cycles. Two of the apartments—one on the top floor and one on the bottom floor—have been recently renovated, offering immediate upside and are presently being leased up. These updated units help elevate the overall rental profile of the property while demonstrating the...

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Home facts

  • Year built:1975
  • Listing ID #:R1654537
  • Added:95 day(s) ago
  • Updated:March 25, 2026 at 02:45 PM

Rooms and interior

  • Bedrooms:5
  • Flooring:Hardwood, Laminate, Varies
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,869 sq. ft.

Heating and cooling

  • Heating:Gas, Hot Water

Structure and exterior

  • Roof:Asphalt
  • Year built:1975
  • Building area:2,869 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Rectangular
  • Construction Materials:Cedar
  • Levels:3 Stories

Schools

  • Middle school:Dewitt Middle
  • Elementary school:Belle Sherman

Utilities

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

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$226.56
  • Tax amount:$17,347

Features and amenities

  • Appliances:Dishwasher, Gas Range, Microwave, Refrigerator
  • Laundry features:Common Area
  • Amenities:Furnished

Parking

  • Parking description:No Garage, One Space

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