Exciting East Hill Investment Opportunity! Situated in a country setting on just shy of 2 acres, 5-10 minute drive to Cornell University and downtown Ithaca. The spacious lot has a huge green space great for entertaining, abundant parking, and extra storage sheds. 5 of 6 apartments are 2 bedrooms, with generous living rooms, roomy bedrooms, and large kitchens for grand entertaining. Updated custom concrete or stainless steel counters, laminate flooring/tile throughout. Amenities such as coin-op laundry and garbage onsite make this property turn key!All units have separate gas/electric meters (which tenants are responsible for). Added bonus of hot water heater and furnaces for each unit make this an ideal investment possibility!
Multi-familyProperty Type
1985Year Built
1.88 acresLot Size
$125Price/Sq.Ft.
11 spacesParking
Listing by Alanie Woodin• Re/Max In Motion
Bought with Alida Osetek• Berkshire Hathaway HomeService
Exciting East Hill Investment Opportunity! Situated in a country setting on just shy of 2 acres, 5-10 minute drive to Cornell University and downtown Ithaca. The spacious lot has a huge green space great for entertaining, abundant parking, and extra storage sheds. 5 of 6 apartments are 2 bedrooms, with generous living rooms, roomy bedrooms, and large kitchens for grand entertaining. Updated custom concrete or stainless steel counters, laminate flooring/tile throughout. Amenities such as coin-op laundry and garbage onsite make this property turn key!All units have separate gas/electric meters (which tenants are responsible for). Added bonus of hot water heater and furnaces for each unit make this an ideal investment possibility!
IBRMLS #405535
Oct 29, 2021
Listed
$660,000
$133/sq ft
IBRMLS #IB405535
Oct 29, 2021
Listed
$660,000
$133/sq ft
Public Records
Mar 7, 2014
Sold
$400,000
$81/sq ft
Public Records
Dec 2, 1997
Sold
$188,500
$38/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$15,069
$45,000 + $545,000
$590,000
2025
$15,069 (+1.3%)
$45,000 + $545,000
$590,000
2024
$14,878 (+23.6%)
$45,000 + $545,000
$590,000
2023
$12,036 (−1.7%)
$45,000 + $385,000
$430,000
2022
$12,246 (+2.8%)
$45,000 + $385,000
$430,000
2021
$11,907 (−2.0%)
$45,000 + $375,000
$420,000
2020
$12,155 (+1.8%)
$45,000 + $375,000
$420,000
2019
$11,935 (+0.8%)
$45,000 + $375,000
$420,000
2018
$11,844 (+3.9%)
$45,000 + $375,000
$420,000
2017
$11,403 (−0.8%)
$45,000 + $375,000
$420,000
2016
$11,498 (−1.3%)
$45,000 + $355,000
$400,000
2015
$11,647 (−3.9%)
$45,000 + $355,000
$400,000
2014
$12,114
$45,000 + $355,000
$400,000
Tax history for 1289 Ellis Hollow Rd
Year
Property tax
Land + Additions
Assessment*
2026
$15,069
$45,000 + $545,000
$590,000
2025
$15,069 (+1.3%)
$45,000 + $545,000
$590,000
2024
$14,878 (+23.6%)
$45,000 + $545,000
$590,000
2023
$12,036 (−1.7%)
$45,000 + $385,000
$430,000
2022
$12,246 (+2.8%)
$45,000 + $385,000
$430,000
2021
$11,907 (−2.0%)
$45,000 + $375,000
$420,000
2020
$12,155 (+1.8%)
$45,000 + $375,000
$420,000
2019
$11,935 (+0.8%)
$45,000 + $375,000
$420,000
2018
$11,844 (+3.9%)
$45,000 + $375,000
$420,000
2017
$11,403 (−0.8%)
$45,000 + $375,000
$420,000
2016
$11,498 (−1.3%)
$45,000 + $355,000
$400,000
2015
$11,647 (−3.9%)
$45,000 + $355,000
$400,000
2014
$12,114
$45,000 + $355,000
$400,000
*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
1.88 Acres
Year renovated
—
Sq. Ft.
4,992
Year built
—
Style
Multi-Family (5+ Unit)
County
Tompkins County
APN
502489A06700000010650000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
NR
Neighborhood Residential District
The purpose of the Neighborhood Residential (NR) District is to define areas of the Town where established neighborhoods are situated in a rural landscape and constitute the primary land use. Single-family homes are the predominant form of development, and future development is unlikely. Home occupations are the primary commercial activity in this district. Agriculture is an allowed use in this district.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 11
Parking Features: Gravel
Interior
Heating & Cooling
Heating: Baseboard, Natural Gas
Interior Features
Appliances: Dryer, Refrigerator, Electric Cooktop, Gas Water Heater
Exterior
Exterior Features
Roof: Metal
Building Information
Construction Materials: Frame
Foundation Details: Slab
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: 5-10 Units
Lot Information
Lot Size Acres: 1.88
Utilities
Utility Information
Water Source: Well
Sewer: Septic Tank
Location
Schools Information
Elementary School: Caroline
High School District: Ithaca
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,992
Stories: —
Lot Size: 1.88 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Tompkins County
APN: 502489A06700000010650000000
Home facts updated by county records on Aug 10, 2026
Around this home
Schools
Belle Sherman School
Public PreK-5 • Assigned • 2.5mi
4/10
Dewitt Middle School
Public 6-8 • Assigned • 3.7mi
7/10
Ithaca Senior High School
Public 9-12 • Assigned • 4.0mi
9/10
Boynton Middle School
Public 6-8 • Assigned • 4.1mi
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 93° expected this year, 16 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
53
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.