Well-maintained duplex offering a fantastic investment or owner-occupant opportunity in the City of Ithaca. This newer-construction property features updated heating systems and hot water heaters, providing low-maintenance ownership and peace of mind. Each unit offers three floors of living space with flexible layouts that can accommodate a variety of living arrangements, home office needs, or recreational spaces. Ample off-street parking adds convenience for residents and guests alike. Ideally located close to shopping, parks, restaurants, and everyday amenities, this property combines strong rental appeal with a desirable location. A great opportunity to own a low-maintenance investment property with spacious units, modern mechanicals, and excellent long-term potential.
Spencer Road, located between Cayuga Heights Road and Triphammer Road, is a residential and hillside Ithaca neighborhood with wooded slopes and winding lanes. The neighborhood’s character concentrates around the Triphammer Road corridor near Community Corners, where a compact cluster of local shops and everyday errands sets a steady, lived-in rhythm. Community Corners anchors the area with Ithaca Bakery, the Cayuga Chamber Orchestra, and the historic Community School of Music and Arts. Homes lean toward mid-century and late-20th-century builds, often set back behind mature trees. Side streets feel quiet, while nearby trails and parks shape an outdoors-forward routine. The terrain brings pockets of long views and a tucked-away feel without losing connection to town.
Provided by Walk Score and Local Logic
Offer insights
634 Spencer Rd · $325,000
$325K and above
75% chance or better to win
Why $325K+ is a strong offer
DAYS ON MARKET
83 days
The average home goes pending in 42 days.
SALE-TO-LIST
104.3%
Most homes are selling 4% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Electric water heater
Partially finished basement
Bedrooms
Two 3-bedroom units (each unit includes living room and eat-in kitchen)
Bathrooms
Each unit has 2 bathrooms (total per unit)
Kitchen
Oven/range
Refrigerator
Eat-in kitchen in each unit
Laundry & utility
Electric water heater (served per building)
Flooring
Carpet
Hardwood
Laminate
Vinyl
Varied flooring throughout
Heating & cooling
Forced air heating
Natural gas
Exterior features
Rectangular lot
City street frontage
Publicly maintained road
Home design
Multi-family residential property
Three stories
Construction
Frame construction with vinyl siding
Asphalt roof
Built with a partially finished below-grade area
Utilities
Public water
Sewer connected
Water connected
Cable available
Electric service with circuit breakers
Financial info
Unit 1 actual rent $1,600
Unit 2 actual rent $1,730
Electricity and solar
View estimated energy costs and solar savings for this home