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Listed price in listed location currency (USD).
$529,900

540

MLS® R1638081

Overview

Key Facts

Type Multi Family
Levels Residential
Size 2747 sqft
Garage Yes
Taxes $11,734
Days Active 224
Lot Size 
Approx. Age 1860
Avg. Price Per Sqft $192
MLS® Number R1638081

Property Address: 316 W Seneca St, Ithaca, NY, 14850-4186

Average square foot calculated using Size range provided by listing agent.

Description

This dynamic triplex in the heart of downtown Ithaca is a short walk from restaurants, boutiques and Cornell University on one side and Wegmans and retail shopping galore on the other. This 3-unit features an occupied studio downstairs, an occupied 1BR downstairs, and an occupied 3 BR upstairs, making this an ideal investment property, as all rooms are generating income and rented through July 31. Best of all, the certificate of occupancy is good until Sept 2026 and one tenant has been there seven years, so you have the security of a long term renter. New boiler 3 years ago and a new hot water heater last year. Utilities except phone/cable/internet included. The main roof was replaced/redone in April 2014. In the 3-bedroom apt upstairs, window air conditioning unit is provided for each bedroom and living room. Porch roofs are 2 years old. 3 bedroom and studio come furnished. Net operating income is over $36, 000! Gross income is $55, 920! All leases end 7/31/26 with option to renew. Seller willing to let buyer assume mortgage, which has an interest rate of 3.25%
MLS® NumberR1638081
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1860
BasementFull
DrivewayCommon, On Street, Two Or More Spaces, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 15, 2025List Date
$529,900List Price

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