East Ithaca, NY homes for sale & real estate

East Ithaca, NY Homes for Sale

Positioned in the absolute heart of Cornell University’s Collegetown, 204–206 Linden Avenue represents a rare blend of immediate income, irreplaceable location, and long-term redevelopment upside. This side-by-side duplex offers investors and developers a strategic foothold in one of Ithaca’s most supply-constrained and consistently high-demand submarkets. The existing improvements consist of two well-configured three-bedroom, one-bath residential units, each benefiting from a functional layout that aligns perfectly with the Collegetown rental market. The property is fully leased for the 2025–2026 academic year, providing secure, predictable cash flow from day one. W

East Ithaca, NY Homes for Sale

Located at the highly visible corner of East State Street and Quarry Street, 614–618 E State Street presents a compelling opportunity to acquire a well-positioned, income-producing multifamily asset in Ithaca’s sought-after Lower Collegetown area. This five-unit property combines a diversified unit mix, recent capital improvements, and a prime corner location that benefits from strong rental demand driven by proximity to Cornell University, Downtown Ithaca, and key transit corridors. The building comprises five apartments thoughtfully configured to appeal to a broad tenant base. The unit mix includes 2 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, providing f

East Ithaca, NY Homes for Sale

Discover a rare opportunity to own a fully-leased, income-generating 8-bedroom rental home located just steps away from the heart of Cornell University's vibrant Collegetown in Ithaca, NY. This prime investment property is perfectly positioned to capitalize on the strong demand for student housing, offering consistent cash flow and significant upside potential through strategic value-add enhancements. Adjacent property at 133 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.

East Ithaca, NY Homes for Sale

Positioned within walking distance to the vibrant center of Cornell University’s Collegetown, this fully leased 8-bedroom rental property offers a rare investment opportunity with remarkable income potential. With proximity to one of the nation’s most prestigious institutions, the property is ideally situated to attract consistent demand from students and faculty alike. Currently generating steady rental income and fully occupied through the 2025 school year, this property delivers immediate cash flow. But it doesn’t stop there—the potential for value-add improvements makes this a prime opportunity for savvy investors to increase returns. Adjacent property at 129 Lin

East Ithaca, NY Homes for Sale

Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.

East Ithaca, NY Homes for Sale

Don’t miss this rare opportunity to own a well-located duplex, on the market for the first time in nearly 40 years! Just steps from the bus line and a short walk to Collegetown, this property offers unbeatable convenience for tenants and owners alike. Each unit features: • 3 spacious bedrooms • 1 full bathroom • Off-street parking • Shared in-house laundry Whether you’re looking to invest in Ithaca’s robust rental market or offset your living expenses by occupying one unit and renting the other, this property checks all the boxes. Solid rental history and potential for value-add upgrades make this a smart addition to any portfolio.