OFF MARKET

Off market aug 2021 for $266K

$405,480

Est. refi paymentEst. refi $1,054/mo

—

•

— ba

•

2,916

sq ft

545 Spencer, Ithaca, NY 14850

About this home

Looking for turn-key short term rental cash cow? Welcome to the Downtown Ithaca Hideout! This spacious side by side duplex sits on an oversized lot bordering the buttermilk nature trail. Many improvements and very strong rental income. Newly rebuilt front porch with added privacy fence and new retaining wall. Conveniently located on the bus route and close to downtown shopping. Less than 3 miles from Cornell or IC. Solid owner occupy or investment opportunity. Each unit features 4 bedrooms and 1 bathroom with a private yard. Zoned for 3 unrelated each side. Endless opportunities and loads of potential. Currently both sides are being run as short term rentals, more info available at https://abnb. me/AgCVFsoj7gb. Rental management and furnishings are avilable to the new owner. Current management team has great host reviews on AirBnb.

Multi-familyProperty Type

1900Year Built

0.69 acresLot Size

$139Est. Price/Sq.Ft.

Listing by Christopher Kusznir • Key Brokers

Bought with Terri Starr • Howard Hanna

Redfin checked: 3 minutes ago

•Source:IBRMLS #404404

Redfin Estimate

$405,480

$139K since sold in August 2021$9,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 19.9% lower than the average sale price ($506K) of 6 comparable homes.

SOLD AUG 7, 2026
$447,000
A
4 beds2 baths2,008 sq ft
313 Center St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
SOLD SEP 17, 2026
$465,000
B
4 beds2 baths2,146 sq ft
201 Columbia St, Ithaca, NY 14850
Listing by Howard Hanna S Tier Inc
SOLD JUN 25, 2026
$365,000
C
3 beds2 baths1,700 sq ft
127 Hyers St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
SOLD OCT 26, 2026
$745,000
D
5 beds3 baths3,019 sq ft
227 Willard Way, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc. (Downtown)
SOLD OCT 22, 2026
$314,700
E
4 beds2 baths1,880 sq ft
325 Hector St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc. (Downtown)
SOLD MAY 18, 2026
$700,000
F
4 beds2 baths3,220 sq ft
135 Hudson St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc. (Downtown)

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 14850, NY

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.6% MoM

Median sale price

$429K

$66K MoM

Avg. days on market

67d

5 days MoM

Recently sold homes

103

29 MoM

New listings for sale

NEW 13 HRS AGO
$480,000
6 beds2 baths2,786 sq ft
115-117 Giles St, Ithaca, NY 14850
$390,000
3 beds2.5 baths1,608 sq ft
437 N Tioga St, Ithaca, NY 14850
$389,000
4 beds3 baths2,552 sq ft
117 Hillcrest Dr, Ithaca, NY 14850
$525,000
3 beds2 baths1,692 sq ft
1532 Taughannock Blvd, Ithaca, NY 14850
FOR SALE BY OWNER
$199,500
— beds— baths— sq ft
Inlet Valley Way, Ithaca, NY 14850
OPEN SAT, 11AM TO 1PM
$449,900
4 beds3 baths3,332 sq ft
1364 Mecklenburg Rd, Ithaca, NY 14850
$2,300,000
4 beds3 baths3,026 sq ft
1458 Trumansburg Rd, Ithaca, NY 14850
Listing by Michael DeRosa Exchange, (315) 406-7355
$310,000
2 beds2 baths1,454 sq ft
1848 Slaterville Rd, Ithaca, NY 14850
$245,000
2 beds1 bath768 sq ft
1438 Mecklenburg Rd, Ithaca, NY 14850
Listing by Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708
$334,999
3 beds1 bath1,692 sq ft
1 Woodgate Ln, Ithaca, NY 14850
See all

Provided by Redfin

Sale history for 545 Spencer

Year

Property tax

Land + Additions

Assessment*

2026

$6,480

$65,300 + $249,700

$315,000

2025

$6,480 (+2.3%)

$65,300 + $249,700

$315,000

2024

$6,336 (−3.4%)

$65,300 + $249,700

$315,000

2023

$6,557 (−31.3%)

$65,300 + $231,700

$297,000

2022

$9,547 (+2.9%)

$65,300 + $204,700

$270,000

2021

$9,276 (+52.9%)

$65,300 + $194,700

$260,000

2020

$6,069 (+16.4%)

$65,300 + $194,700

$260,000

2019

$5,215 (−1.0%)

$65,300 + $154,700

$220,000

2018

$5,267 (+15.4%)

$65,300 + $154,700

$220,000

2017

$4,564 (−0.9%)

$65,300 + $154,700

$220,000

2016

$4,605 (+6.1%)

$41,600 + $143,400

$185,000

2015

$4,342 (−51.9%)

$41,600 + $143,400

$185,000

2014

$9,018

$41,600 + $128,400

$170,000

Tax history for 545 Spencer

Year

Property tax

Land + Additions

Assessment*

2026

$6,480

$65,300 + $249,700

$315,000

2025

$6,480 (+2.3%)

$65,300 + $249,700

$315,000

2024

$6,336 (−3.4%)

$65,300 + $249,700

$315,000

2023

$6,557 (−31.3%)

$65,300 + $231,700

$297,000

2022

$9,547 (+2.9%)

$65,300 + $204,700

$270,000

2021

$9,276 (+52.9%)

$65,300 + $194,700

$260,000

2020

$6,069 (+16.4%)

$65,300 + $194,700

$260,000

2019

$5,215 (−1.0%)

$65,300 + $154,700

$220,000

2018

$5,267 (+15.4%)

$65,300 + $154,700

$220,000

2017

$4,564 (−0.9%)

$65,300 + $154,700

$220,000

2016

$4,605 (+6.1%)

$41,600 + $143,400

$185,000

2015

$4,342 (−51.9%)

$41,600 + $143,400

$185,000

2014

$9,018

$41,600 + $128,400

$170,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

140 ft.

Lot depth

214 ft.

Lot size

0.69 Acres

Year renovated

—

Sq. Ft.

2,916

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Tompkins County

APN

500700A12400000020040000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

Property details

Interior

Heating & Cooling
Heating: Forced Air, Natural Gas

Interior Features
Appliances: Freezer, Refrigerator, Gas Cooktop, Gas Water Heater

Room Information
Has Basement
Basement Details: Crawl Space

Exterior

Exterior Features
Roof: Asphalt, Rolled/Hot Mop

Building Information
Construction Materials: Frame

Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: 1-4 Units

Lot Information
Lot Size Dimensions: 140 x 214
Lot Size Acres: 0.69
Zoning Description: R2A

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
High School District: Ithaca
High School: Fall Creek

Public facts

Beds: 8
Baths: 2.0
Sq. Ft.: 2,916
Stories: 2.0
Lot Size: 0.69 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Tompkins County
APN: 500700A12400000020040000000

Home facts updated by county records on Aug 10, 2026

Around this home

Schools

K - 12
Preschool & daycare

South Hill School

Public PreK-5 • Assigned • 1.1mi

9/10

Ithaca Senior High School

Public 9-12 • Assigned • 2.2mi

9/10

Boynton Middle School

Public 6-8 • Assigned • 2.6mi

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

3/10 Heat Factor

8 days above 93° expected this year, 17 days in 30 years

1/10 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°

63°

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.

9.1 hrs

2.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$386,000 – $467,000

Sell confidently with a local market expert in Ithaca. 3 minutes to get started.

Nearby similar homes

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New windows • New drywall • New flooring

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New carpet • New lvp in kitchen • 0.99 acre lot

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Updated kitchen • Large island • Concrete patio

Listing by Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708

$489,000

6 beds6 baths3,224 sq ft

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Three unit property • Spacious yard • Ample paved parking

Listing by Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708

$305,000

6 beds3 baths2,000 sq ft

634 Spencer Rd, Ithaca, NY 14850

Hot water heaters • Flexible layouts • Desirable location

$245,000

Land6,586 sq ft

617-619 W Buffalo St, Ithaca, NY 14850

Building lot • Site ready • Fully cleared

New listings for sale in 14850

NEW 13 HRS AGO

$480,000

6 beds2 baths2,786 sq ft

115-117 Giles St, Ithaca, NY 14850

Close to downtown • Dry wood floor level • Laundry and storage

$390,000

3 beds2.5 baths1,608 sq ft

437 N Tioga St, Ithaca, NY 14850

Spacious backyard • Hardwood floors • 8,250 sq ft lot

$389,000

4 beds3 baths2,552 sq ft

117 Hillcrest Dr, Ithaca, NY 14850

Seasonal lake views • Accessory apartments • Wood fireplace

$525,000

3 beds2 baths1,692 sq ft

1532 Taughannock Blvd, Ithaca, NY 14850

Renovated farmhouse • Hardwood floors • 11.86 acre lot

FOR SALE BY OWNER

$199,500

— beds— baths— sq ft

Inlet Valley Way, Ithaca, NY 14850

Listed 3 days

OPEN SAT, 11AM TO 1PM

$449,900

4 beds3 baths3,332 sq ft

1364 Mecklenburg Rd, Ithaca, NY 14850

Open kitchen • Granite countertops • Center island

$2,300,000

4 beds3 baths3,026 sq ft

1458 Trumansburg Rd, Ithaca, NY 14850

Heated sunroom • 14-stall barn • Automatic waterers

Listing by Michael DeRosa Exchange, (315) 406-7355

$310,000

2 beds2 baths1,454 sq ft

1848 Slaterville Rd, Ithaca, NY 14850

Stylish kitchen • Private deck • Large shed

$245,000

2 beds1 bath768 sq ft

1438 Mecklenburg Rd, Ithaca, NY 14850

Updated kitchen • Refreshed bathroom • Attractive flooring

Listing by Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708

Home values near 545 Spencer

Data from public records.

Address	Redfin Estimate
562 Spencer Road, Ithaca, NY 3 Beds \| 2 Baths \| 1373 Sq. Ft.	$313,645
571 Spencer Road, Ithaca, NY 3 Beds \| 1 Baths \| 1376 Sq. Ft.	$232,860
543 Spencer Road, Ithaca, NY 4 Beds \| 2.5 Baths \| 1721 Sq. Ft.	$346,124
528 Spencer Road, Ithaca, NY 3 Beds \| 1.5 Baths \| 1148 Sq. Ft.	—
554 Spencer Road, Ithaca, NY 3 Beds \| 2 Baths \| 2378 Sq. Ft.	$356,079
542 Spencer Road, Ithaca, NY 2 Beds \| 1 Baths \| 1172 Sq. Ft.	$210,842
548 Spencer Road, Ithaca, NY 3 Beds \| 2 Baths \| 2003 Sq. Ft.	$342,585

Address	Redfin Estimate
560 Spencer Road, Ithaca, NY 4 Beds \| 2 Baths \| 1380 Sq. Ft.	$338,092
563 Spencer Road, Ithaca, NY 5 Beds \| 3 Baths \| 1911 Sq. Ft.	$380,356
524 Spencer Road, Ithaca, NY 5 Beds \| 3 Baths \| 2112 Sq. Ft.	$436,054
530 Spencer Road, Ithaca, NY 2 Beds \| 1 Baths \| 1188 Sq. Ft.	$214,750
532 Spencer Road, Ithaca, NY 4 Beds \| 1 Baths \| 1740 Sq. Ft.	$307,025
536 Spencer Road, Ithaca, NY 4 Beds \| 2 Baths \| 2268 Sq. Ft.	—
525 Spencer Road, Ithaca, NY 3 Beds \| 1.5 Baths \| 1184 Sq. Ft.	$341,548

Address	Redfin Estimate
564 Spencer Road, Ithaca, NY 2 Beds \| 1 Baths \| 918 Sq. Ft.	$214,336
544 Spencer Road, Ithaca, NY 3 Beds \| 2 Baths \| 1350 Sq. Ft.	$241,090
550 Spencer Road, Ithaca, NY 4 Beds \| 2 Baths \| 2167 Sq. Ft.	$399,821
526 Spencer Road, Ithaca, NY 3 Beds \| 1 Baths \| 1642 Sq. Ft.	$343,943
553 Spencer Road, Ithaca, NY 3 Beds \| 1 Baths \| 1275 Sq. Ft.	$257,299
549 Spencer Road, Ithaca, NY 3 Beds \| 1 Baths \| 1694 Sq. Ft.	$263,324
546 Spencer Road, Ithaca, NY 3 Beds \| 1 Baths \| 1327 Sq. Ft.	$205,153

Property information provided by IBRMLS when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 14850, NY

Sale history for 545 Spencer

Tax history for 545 Spencer

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 14850

Home values near 545 Spencer

More real estate resources