Fantastically updated 4 unit property with a 7% CAP rate providing immediate positive cash flow. All new boilers, hot water heaters, new double pane windows, new flooring, updated kitchens with new cabinets, updated bathrooms, lighting, paint. Beautiful Cayuga Trail runs along the back border and leads to 550-acre Monkey Run Natural Area. An investment doesn't get easier than this. Huge driveway with turn around room plus a large wooded backyard. Almost a full acre. Only 1.8 miles to Cornell Campus, Vet School, and the bus to campus stops almost right in front of the house. This is a good opportunity for an investor, or perfect for someone who will be here to attend school.
Multi-familyProperty Type
1975Year Built
0.9 acresLot Size
$147Est. Price/Sq.Ft.
Listing by Claudia Lagalla• Howard Hanna
Bought with Steven Saggese• Warren Real Estate Downtown Of
Fantastically updated 4 unit property with a 7% CAP rate providing immediate positive cash flow. All new boilers, hot water heaters, new double pane windows, new flooring, updated kitchens with new cabinets, updated bathrooms, lighting, paint. Beautiful Cayuga Trail runs along the back border and leads to 550-acre Monkey Run Natural Area. An investment doesn't get easier than this. Huge driveway with turn around room plus a large wooded backyard. Almost a full acre. Only 1.8 miles to Cornell Campus, Vet School, and the bus to campus stops almost right in front of the house. This is a good opportunity for an investor, or perfect for someone who will be here to attend school.
IBRMLS #IB316731
Apr 29, 2019
Listed
$363,000
$94/sq ft
Public Records
Mar 8, 2018
Sold
$334,000
$86/sq ft
Public Records
Aug 1, 2003
Sold
$175,000
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$9,003
$30,000 + $320,000
$350,000
2025
$9,003 (+0.8%)
$30,000 + $320,000
$350,000
2024
$8,929 (−8.9%)
$30,000 + $320,000
$350,000
2023
$9,799 (−1.7%)
$30,000 + $320,000
$350,000
2022
$9,970 (+3.3%)
$30,000 + $320,000
$350,000
2021
$9,651 (−1.8%)
$30,000 + $310,000
$340,000
2020
$9,826 (+14.9%)
$30,000 + $310,000
$340,000
2019
$8,551 (+18.4%)
$30,000 + $270,000
$300,000
2018
$7,219 (−14.1%)
$30,000 + $270,000
$300,000
2017
$8,406 (+0.9%)
$30,000 + $220,000
$250,000
2016
$8,330 (+27.5%)
$30,000 + $210,000
$240,000
2015
$6,536 (−27.4%)
$30,000 + $210,000
$240,000
2014
$8,997
$30,000 + $191,000
$221,000
Tax history for 1056 Dryden Rd
Year
Property tax
Land + Additions
Assessment*
2026
$9,003
$30,000 + $320,000
$350,000
2025
$9,003 (+0.8%)
$30,000 + $320,000
$350,000
2024
$8,929 (−8.9%)
$30,000 + $320,000
$350,000
2023
$9,799 (−1.7%)
$30,000 + $320,000
$350,000
2022
$9,970 (+3.3%)
$30,000 + $320,000
$350,000
2021
$9,651 (−1.8%)
$30,000 + $310,000
$340,000
2020
$9,826 (+14.9%)
$30,000 + $310,000
$340,000
2019
$8,551 (+18.4%)
$30,000 + $270,000
$300,000
2018
$7,219 (−14.1%)
$30,000 + $270,000
$300,000
2017
$8,406 (+0.9%)
$30,000 + $220,000
$250,000
2016
$8,330 (+27.5%)
$30,000 + $210,000
$240,000
2015
$6,536 (−27.4%)
$30,000 + $210,000
$240,000
2014
$8,997
$30,000 + $191,000
$221,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.99 Acres
Year renovated
—
Sq. Ft.
3,864
Year built
—
Style
Multi-Family (5+ Unit)
County
Tompkins County
APN
502489A05500000010120000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
RR
Rural Residential District
The purpose of the Rural Residential (RR) District is to define an area of the Town where residential uses situated in a rural landscape constitute the primary land use. Public water and sewer does not exist in this area. Single- and two-family homes are the predominant form of development. Agriculture is also expected to be a substantial land use well into the future.
Property details
Parking
Parking/Garage Information
Parking Features: Gravel
Interior
Heating & Cooling
Heating: Baseboard, Hot Water, Natural Gas, Oil
Interior Features
Appliances: Dishwasher, Dryer, Refrigerator, Gas Cooktop, Gas Water Heater
Exterior
Exterior Features
Roof: Asphalt
Building Information
Construction Materials: Frame
Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: 1-4 Units
Lot Information
Lot Size Acres: 0.9
Zoning Description: 411-Apartment
Financial
Tax Information
Tax Annual Amount: $7,194
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Caroline
High School District: Ithaca
Location Information
Directions: Located on Dryden Rd (route 366) between Freese Rd and Turkey Hill Rd
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,864
Stories: —
Lot Size: 0.99 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Tompkins County
APN: 502489A05500000010120000000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Northeast Elementary School
Public K-5 • Assigned • 2.1mi
8/10
Dewitt Middle School
Public 6-8 • Assigned • 2.2mi
7/10
Ithaca Senior High School
Public 9-12 • Assigned • 3.5mi
9/10
Boynton Middle School
Public 6-8 • Assigned • 3.4mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Ithaca, NY • 14850
Average low and high temperatures (°F)
31
20
35
20
53
31
62
40
68
47
81
59
85
65
81
58
77
55
64
43
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.