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
638 Spencer Rd · $325,000
$325K and above
75% chance or better to win
Why $325K+ is a strong offer
DAYS ON MARKET
96 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 full basement
Bedrooms
Two separate 3-bedroom units
Bathrooms
One unit with 2 bathrooms
One unit with 3 bathrooms
2 full bathrooms and 3 half bathrooms total
Kitchen
Oven/range
Refrigerator
Eat-in kitchen (one unit)
Formal dining room (other unit)
Laundry & utility
Has basement (utility space available)
Flooring
Carpet
Laminate
Vinyl
Varies
Heating & cooling
Baseboard heating
Hot water heating
Natural gas fuel
Exterior features
Rectangular lot
Public maintained road access
City street frontage
Home design
Residential multi-family (2-unit)
Two-story
Frame construction with vinyl siding
Parking
Gravel parking
Construction
Asphalt roof
Below-grade finished area (part of basement)
Utilities
Public water
Sewer connected
Water connected
Cable available
Electric service with circuit breakers
Financial info
Units currently show market rents (one unit $1,874; other unit $1,914)
Other
Zoned Residential 2 Unit
Electricity and solar
View estimated energy costs and solar savings for this home