Collegetown, NY homes for sale & real estate

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ABOUT THIS HOME
Collegetown, NY Homes for Sale
Prime Collegetown Investment & Housing Opportunity! Just a few blocks from the heart of Cornell University’s Collegetown, this spacious residence offers an ideal blend of investment potential and practical living. Legal for five unrelated occupants, the home currently features six full bedrooms plus two additional bonus rooms on the third floor—perfect for home offices, study areas, or walk-in closets. Inside, the home retains classic character with hardwood floors throughout the entry, living, and dining rooms, creating warm and inviting shared spaces. A covered front porch provides a welcoming entry and a place to relax outdoors. With 1.5 bathrooms, a full basement with

$495,000

6 beds1.5 baths2,044 sq ft

214 Delaware Ave, Ithaca, NY 14850

Covered front porch • Six full bedrooms • Two bonus rooms

ABOUT THIS HOME
Collegetown, 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.

$1,150,000

17 beds— baths2,402 sq ft

129 Linden Ave, Ithaca, NY 14850

Income-generating • Flexible cr3 zoning • Consistent cash flow

ABOUT THIS HOME
Collegetown, 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.

$995,000

9 beds— baths2,973 sq ft

116 Cook St, Ithaca, NY 14850

Flexible cr-3 zoning • 6,534 sq ft lot • Built 1980

ABOUT THIS HOME
Collegetown, 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

$1,100,000

2 beds— baths2,510 sq ft

133 Linden Ave, Ithaca, NY 14850

Flexible cr3 zoning • Steady rental income • 4,714 sq ft lot

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ABOUT THIS HOME
Collegetown, NY Homes for Sale
Rare Investment Opportunity Near Cornell – Two Homes on One Parcel at 937 State Street! Discover a unique and versatile opportunity at 937 State Street—featuring two homes on a single parcel. Whether you're looking for a multi-generational living setup, rental income, or a strategic investment, this property offers flexibility and strong potential in a prime Ithaca location. The main residence is a charming ranch-style home offering 3 bedrooms, a spacious living room with a fireplace, an eat-in kitchen, and an enclosed porch with washer and dryer hookups. A bonus open-concept second floor with a full bath and a separate private entrance offers additional living or rental potent

$649,000

3 beds2 baths1,920 sq ft

937 E State St, Ithaca, NY 14850

Two-story home • Enclosed porch • Rental income

ABOUT THIS HOME
Collegetown, NY Homes for Sale
The property's standout feature is its prime location in lower Collegetown, just steps away from Cornell University. Imagine your tenants enjoying a quick stroll to campus while having the vibrant Collegetown atmosphere right at their doorstep. Convenience is key with GreenStar Food Co+op just a few blocks from the property, offering fresh, local produce and specialty items. For outdoor enthusiasts, the Cascadilla Gorge Trail provides a serene hike within walking distance—perfect for study breaks or weekend relaxation. This property represents an ideal opportunity for investors looking to capitalize on Ithaca's robust rental market, particularly given its proximity to one of the natio

$1,250,000

16 beds4 baths3,997 sq ft

410 Stewart Ave, Ithaca, NY 14850

New boiler • Tile roof • Solid building

Average home prices near Collegetown, NY

Cities

Neighborhoods

Collegetown, NY real estate trends

$385K

Sale price

$154

Sale $/sq ft

Under list price

9.4%

Days on market

115

Down payment

—

Total homes sold

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