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.
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.
Flexible cr-3 zoning • 6,534 sq ft lot • Built 1980
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NEW 9 HRS AGO
ABOUT THIS HOME
Ithaca Senior High School, 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
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
Updated units • Recently renovated • 3,425 sq ft lot
ABOUT THIS HOME
Ithaca Senior High School, NY Homes for Sale
Welcome to this 3 bedroom, 2 bathroom ranch ideally located just 5 minutes from shopping, dining, and major conveniences. Enjoy main level living with thoughtful upgrades throughout featuring two brand-new upscale bathrooms, central air, and a full, partially finished basement including a theater and rec room—ideal for movie nights, a home gym, pool table or extra living space. Outside, relax in the professionally landscaped yard with dozens of perennials, raised garden beds, and an outdoor patio with a fire pit—perfect for relaxing or entertaining. Should you choose a quiet spot for coffee in the morning, the front covered porch is perfect! Don’t miss the opportunity to