Incredible investment opportunity awaits the right buyer. Current building has been well maintained and features two 3 bedroom and two 2 bedroom units- all with full basements. With a total of 4.57 acres, this property could be expanded upon significantly. The hamlet of Varna features all municipal services with water, sewer and natural gas and sits just 2 miles from Cornell University. This property consistently has a line of tenants waiting for units to open up. Each one is spacious with open kitchens, large bedrooms, private decks and a large back yard surrounded by woods. Large garage/barn is the perfect place to store tools and equipment. With ample parking for all this building offers a unique mix of an income producing asset and highly sought after land that is prime for development. New roof, windows, decks, gutters & downspouts and exterior paint in 2021!
Multi-familyProperty Type
1990Year Built
4.57 acresLot Size
$170Est. Price/Sq.Ft.
Listing by Kyle Steele• Howard Hanna
Bought with Emily Doyle• Warren Real Estate Downtown Of
Incredible investment opportunity awaits the right buyer. Current building has been well maintained and features two 3 bedroom and two 2 bedroom units- all with full basements. With a total of 4.57 acres, this property could be expanded upon significantly. The hamlet of Varna features all municipal services with water, sewer and natural gas and sits just 2 miles from Cornell University. This property consistently has a line of tenants waiting for units to open up. Each one is spacious with open kitchens, large bedrooms, private decks and a large back yard surrounded by woods. Large garage/barn is the perfect place to store tools and equipment. With ample parking for all this building offers a unique mix of an income producing asset and highly sought after land that is prime for development. New roof, windows, decks, gutters & downspouts and exterior paint in 2021!
Year
Property tax
Land + Additions
Assessment*
2026
$13,830
$50,000 + $495,000
$545,000
2025
$13,830 (+0.8%)
$50,000 + $495,000
$545,000
2024
$13,722 (+40.0%)
$50,000 + $495,000
$545,000
2023
$9,799 (−1.7%)
$50,000 + $300,000
$350,000
2022
$9,970 (+3.3%)
$50,000 + $300,000
$350,000
2021
$9,651 (−15.7%)
$50,000 + $290,000
$340,000
2020
$11,450 (+1.9%)
$50,000 + $290,000
$340,000
2019
$11,241 (−7.5%)
$50,000 + $290,000
$340,000
2018
$12,148 (+3.7%)
$50,000 + $290,000
$340,000
2017
$11,714 (+7.8%)
$50,000 + $290,000
$340,000
2016
$10,866 (+20.7%)
$50,000 + $275,000
$325,000
2015
$9,004 (−26.9%)
$50,000 + $275,000
$325,000
2014
$12,317
$50,000 + $259,000
$309,000
Tax history for 1065 Dryden Rd
Year
Property tax
Land + Additions
Assessment*
2026
$13,830
$50,000 + $495,000
$545,000
2025
$13,830 (+0.8%)
$50,000 + $495,000
$545,000
2024
$13,722 (+40.0%)
$50,000 + $495,000
$545,000
2023
$9,799 (−1.7%)
$50,000 + $300,000
$350,000
2022
$9,970 (+3.3%)
$50,000 + $300,000
$350,000
2021
$9,651 (−15.7%)
$50,000 + $290,000
$340,000
2020
$11,450 (+1.9%)
$50,000 + $290,000
$340,000
2019
$11,241 (−7.5%)
$50,000 + $290,000
$340,000
2018
$12,148 (+3.7%)
$50,000 + $290,000
$340,000
2017
$11,714 (+7.8%)
$50,000 + $290,000
$340,000
2016
$10,866 (+20.7%)
$50,000 + $275,000
$325,000
2015
$9,004 (−26.9%)
$50,000 + $275,000
$325,000
2014
$12,317
$50,000 + $259,000
$309,000
*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
4.57 Acres
Year renovated
—
Sq. Ft.
7,128
Year built
—
Style
Multi-Family (5+ Unit)
County
Tompkins County
APN
502489A05500000010150020000
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, Detached
Interior
Heating & Cooling
Heating: Baseboard, Electric
Interior Features
Appliances: Dishwasher, Dryer, Refrigerator, Electric Cooktop, Washer, Electric Water Heater
Room Information
Has Basement
Basement Details: Crawl Space, Full
Exterior
Exterior Features
Roof: Metal
Building Information
Construction Materials: Frame
Property Features
Other Equipment: Dehumidifier
Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: 1-4 Units
Lot Information
Lot Size Dimensions: Irregular
Lot Size Acres: 4.57
Financial
Tax Information
Tax Annual Amount: $11,592
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Caroline
High School District: Ithaca
Location Information
Directions: 366 past Fox bridge. Driveway will be on your right.
Public facts
Beds: —
Baths: —
Sq. Ft.: 7,128
Stories: —
Lot Size: 4.57 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Tompkins County
APN: 502489A05500000010150020000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Northeast Elementary School
Public K-5 • Assigned • 2.2mi
8/10
Dewitt Middle School
Public 6-8 • Assigned • 2.3mi
7/10
Ithaca Senior High School
Public 9-12 • Assigned • 3.5mi
9/10
Boynton Middle School
Public 6-8 • Assigned • 3.5mi
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
64
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.