Rare opportunity on Cornell’s West Campus, bordering the beautiful Fall Creek neighborhood. Very short walk to Cornell, Cascadilla Gorge Trail, and waterfalls! Located outside of the designated flood zone! The main house can function as a 5-bedroom rental, or reserve the two rooms downstairs for full-size living and dining areas to create a comfortable home. Live in it yourself or capitalize on strong rental demand in this prime location. A fully rented 1-bedroom apartment in the rear provides steady income. Both units feature covered porches that offer a peaceful retreat with beautiful views and western-facing sunsets. University Avenue connects Ithaca’s vibrant community with the heart of Cornell. Conveniently located along the TCAT bus route 10: servicing Cornell and downtown.
Multi-familyProperty Type
1920Year Built
7,405 sq ftLot Size
$214Est. Price/Sq.Ft.
Listing by Tyler Parseghian• Howard Hanna S Tier Inc
Wonderful Collegetown property with solid rental history. Hardwood floors, large rooms with great ceiling height, recently painted exterior. Currently rented as 5 bedroom house. Lower level had previously been a 1 bedroom apartment. 3 Full baths, one on each floor. Great location.
Public Records
Sep 11, 2007
Sold
$145,000
$54/sq ft
Public Records
Dec 21, 1999
Sold
$124,650
$47/sq ft
IBRMLS #82056
Dec 16, 1999
Sold
$122,001
$46/sq ft
Aug 20, 1998
Listed
$129,000
$48/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,101
$78,900 + $421,100
$500,000
2025
$10,101 (+2.3%)
$78,900 + $421,100
$500,000
2024
$9,879 (−6.3%)
$78,900 + $421,100
$500,000
2023
$10,548 (−32.7%)
$78,900 + $407,100
$486,000
2022
$15,672 (+34.6%)
$78,900 + $371,100
$450,000
2021
$11,640 (+53.3%)
$78,900 + $251,100
$330,000
2020
$7,595 (+0.1%)
$78,900 + $251,100
$330,000
2019
$7,587 (−1.1%)
$78,900 + $246,100
$325,000
2018
$7,668 (+2.0%)
$78,900 + $246,100
$325,000
2017
$7,518 (−0.9%)
$78,900 + $246,100
$325,000
2016
$7,588 (+4.3%)
$50,000 + $260,000
$310,000
2015
$7,274 (−34.4%)
$50,000 + $260,000
$310,000
2014
$11,095
$50,000 + $240,000
$290,000
Tax history for 402 University Ave
Year
Property tax
Land + Additions
Assessment*
2026
$10,101
$78,900 + $421,100
$500,000
2025
$10,101 (+2.3%)
$78,900 + $421,100
$500,000
2024
$9,879 (−6.3%)
$78,900 + $421,100
$500,000
2023
$10,548 (−32.7%)
$78,900 + $407,100
$486,000
2022
$15,672 (+34.6%)
$78,900 + $371,100
$450,000
2021
$11,640 (+53.3%)
$78,900 + $251,100
$330,000
2020
$7,595 (+0.1%)
$78,900 + $251,100
$330,000
2019
$7,587 (−1.1%)
$78,900 + $246,100
$325,000
2018
$7,668 (+2.0%)
$78,900 + $246,100
$325,000
2017
$7,518 (−0.9%)
$78,900 + $246,100
$325,000
2016
$7,588 (+4.3%)
$50,000 + $260,000
$310,000
2015
$7,274 (−34.4%)
$50,000 + $260,000
$310,000
2014
$11,095
$50,000 + $240,000
$290,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
3.5
Stories
2.5
Lot width
62 ft.
Lot depth
110 ft.
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
2,661
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Tompkins County
APN
500700A03200000020080000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: On Street
Interior
Bathroom Information
# of Full Bathrooms: 3
Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s)
Has Heating
Heating: Baseboard, Electric, Forced Air, Natural Gas
Interior Features
Interior Features: Ceiling Fan(s), Other, See Remarks