This home's estimate is 10.5% lower than the average sale price ($425K) of 6 comparable homes.
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563 Spencer Rd, Ithaca, NY 14850
About this home
3 Unit Rental Property in the city of Ithaca with strong rental history and long-term tenants. Tenants pay for electric. 2 Units up, 2 units down. Additional unit downstairs is under construction pending city approval. On TCAT Bus route. Motivated seller.
Redfin Estimate
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Market trends in 14850, NY
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
- $2,300,0004 beds3 baths3,026 sq ft1458 Trumansburg Rd, Ithaca, NY 14850Listing by Michael DeRosa Exchange, (315) 406-7355
- $245,0002 beds1 bath768 sq ft1438 Mecklenburg Rd, Ithaca, NY 14850Listing by Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708
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Provided by Redfin
Sale history for 563 Spencer Rd
$143/sq ft
$146/sq ft
$157/sq ft
$56/sq ft
Tax history for 563 Spencer Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Parking Features: Gravel
Interior
- Bathroom Information
- # of Full Bathrooms: 3
- Heating & Cooling
- Has Cooling
- Cooling: Ductless
- Has Heating
- Heating: Ductless, Baseboard, Natural Gas
- Interior Features
- Appliances: Electric Water Heater
- Flooring: Carpet, Hardwood, Other, See Remarks, Varies
- Room Information
- Basement Details: None
- Unit Type 1 Information
- Description: Oven/ Range, Refrigerator, Living Room
- # of Bedrooms: 1
- # of Bathrooms: 1
- Unit Type 2 Information
- Description: Oven/ Range, Refrigerator, Living Room
- # of Bedrooms: 2
- # of Bathrooms: 1
- Actual Rent: $900
- Total Rent: $900
- Unit Type 3 Information
- Description: Oven/ Range, Refrigerator, Eat-In Kitchen
- # of Bedrooms: 1
- # of Bathrooms: 1
- Actual Rent: $800
- Total Rent: $800
- Unit Type 4 Information
- Description: Oven/ Range, Refrigerator, Living Room
- # of Bedrooms: 2
- # of Bathrooms: 1
- Actual Rent: $1,200
- Total Rent: $1,200
- Unit Type 5 Information
- Description: Oven/ Range, Refrigerator, Living Room
- # of Bedrooms: 2
- # of Bathrooms: 1
- Actual Rent: $1,200
- Total Rent: $1,200
- Unit Type 6 Information
- Description: Oven/ Range, Refrigerator, Living Room
- # of Bedrooms: 2
- # of Bathrooms: 1
- Actual Rent: 900.0
- Total Rent: $900
- Unit Type 7 Information
- Description: Oven/ Range, Refrigerator, Eat-In Kitchen
- # of Bedrooms: 1
- # of Bathrooms: 1
- Actual Rent: $800
- Total Rent: $800
Exterior
- Exterior Features
- Roof: Metal
- Building Information
- Sq. Ft.: 1911
- Levels: One
- # of Stories Total: 1
- Construction Materials: Frame, Vinyl Siding
- Foundation Details: Stone
- Property Features
- Accessibility Features: Accessible Entrance, Accessible Bedroom
- Property Information
- Property Type: Residential
- Property Sub Type: Multi Family
- Raw Mls Property Sub Type: Multi Family
- Lot Information
- Lot Features: Near Public Transit
- Lot Size : 0.3416
- Lot Size Dimensions: 88 x 169
- Lot Size Area: 0.3416
- Lot Size Units: Acres
- Lot Size Acres: 0.3416
- Zoning Description: Residential 2 Unit
Financial
- Tax Information
- Tax Annual Amount: $7,841
Utilities
- Utility Information
- Water Source: Public
- Utilities: Sewer Connected, Water Connected
Location
- Schools Information
- Elementary School District: Ithaca
- Elementary School: South Hill
- Middle Or Junior School District: Ithaca
- High School District: Ithaca
- High School: Ithaca Senior High
- Location Information
- Directions: Route 13 to South Meadow St. South Meadow Street to Spencer Rd. Property is on the left heading southbound.
- Cross Street: South Meadow Street
Public facts
- Beds: 5
- Baths: 3.0
- Sq. Ft.: 1,911
- Stories: 1.0
- Lot Size: 0.34 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1920
- Year Renovated: —
- County: Tompkins County
- APN: 500700A12500000030030000000
Other
- Listing Information
- List AOR: IthacaBoardOfRealtors
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-5 • Assigned • 1.2mi
Public 9-12 • Assigned • 2.3mi
Public 6-8 • Assigned • 2.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
8 days above 93° expected this year, 17 days in 30 years
1% chance of strong winds in next 30 years
0 unhealthy days expected this year, 1 days in 30 years
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.
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Nearby similar homes

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Home values near 563 Spencer Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1373 Sq. Ft. | $313,645 |
1 Beds | 1 Baths | 600 Sq. Ft. | $138,651 |
3 Beds | 1 Baths | 1376 Sq. Ft. | $232,860 |
4 Beds | 2 Baths | 2167 Sq. Ft. | $399,821 |
3 Beds | 1 Baths | 1275 Sq. Ft. | $257,299 |
3 Beds | 2 Baths | 2003 Sq. Ft. | $342,585 |
16 Beds | - Baths | 2916 Sq. Ft. | $465,924 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1380 Sq. Ft. | $338,092 |
2 Beds | 1 Baths | 918 Sq. Ft. | $214,336 |
3 Beds | 2 Baths | 1350 Sq. Ft. | $241,090 |
4 Beds | 1 Baths | 1536 Sq. Ft. | $258,007 |
- Beds | - Baths | 2916 Sq. Ft. | $405,480 |
4 Beds | 3 Baths | 2034 Sq. Ft. | $403,862 |
2 Beds | 1 Baths | 768 Sq. Ft. | $269,420 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1120 Sq. Ft. | $210,022 |
3 Beds | 1.5 Baths | 1254 Sq. Ft. | $270,679 |
4 Beds | 2.5 Baths | 1721 Sq. Ft. | $346,124 |
3 Beds | 2 Baths | 2378 Sq. Ft. | $356,079 |
3 Beds | 1 Baths | 1694 Sq. Ft. | $263,324 |
3 Beds | 1 Baths | 1327 Sq. Ft. | $205,153 |
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