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Deborah Hapanowicz

deborahhapanowicz@gmail.com +1(315) 723-7210

$ 975,000

Est. payment -/mo

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Active Under Contract

101-05 Giles ST Ithaca, NY 14850

10 Beds

6 Baths

4,839 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,839 sqft

Price per Sqft $201

MLS Listing ID R1677983

Style Fourplex

Bedrooms 10

Full Baths 6

Construction Status Existing

HOA Y/N No

Year Built 1890

Annual Tax Amount $19,375

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions 96X164

Property Sub-Type Multi Family

Property Description

This solid, well-maintained investment property is tucked away on a quiet side street on the edge of downtown Ithaca, offering a prime location with easy access to Cornell University, Ithaca College, and a TCAT bus line just steps away. Spanning over 4,800 square feet, the building features four spacious units—two 4-bedroom and two 1-bedroom apartments—generating a gross rent roll of $111,000 for the 2026–2027 season and fully leased through late summer 2027. The versatile layout includes one side encompassing two full floors that would serve as an ideal future owner-occupied residence, while the opposite side houses three units across three levels, all accessed via a beautiful oak center staircase. Residents benefit from desirable floor plans and the convenience of off-street parking, a full walk-out basement with laundry and storage, and split utilities for heat, hot water, and electric paid by the tenants. With a proven track record and a configuration that appeals to a diverse tenant pool, this property represents a turn-key opportunity for a savvy investor looking for a high-performing asset in the City of Ithaca.

Location

State NY

County Tompkins

Area Ithaca-City-500700

Direction Near the intersection of Hudson and Giles

Rooms

Basement Full, Partially Finished, Walk-Out Access

Interior

Interior Features Pull Down Attic Stairs

Heating Electric, Gas, Baseboard, Forced Air, Multiple Heating Units

Cooling Central Air

Flooring Carpet, Tile, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Exterior Feature Private Yard, See Remarks

Community Features Trails/Paths

Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt,Shingle

Porch Covered, Porch

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Story 3

Foundation Stone

Sewer Connected

Water Connected, Public

Architectural Style Fourplex

Structure Type Wood Siding

Construction Status Existing

Schools

Elementary Schools South Hill

Middle Schools Boynton Middle

High Schools Ithaca Senior High

School District Ithaca

Others

Senior Community No

Tax ID 500700-069-000-0005-012-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Warren Real Estate of Ithaca Inc. (Downtown) 607-280-4350

NEARBY SCHOOLS & PROPERTIES

Deborah Hapanowicz

Lic. RE Associate Broker | License ID: 10301203599

+1(315) 723-7210

Deborah Hapanowicz

101-05 Giles ST Ithaca, NY 14850

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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