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.
Active
$1,150,000
129 Linden Ave, Ithaca, NY 14850
17beds
0baths
2,402sqft
Multi Family, Single Family Residence
Built in 1980
-- sqft lot
$-- Zestimate®
$479/sqft
$-- HOA
What's special
- 333 days |
- 124 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: July 17, 2025 at 09:54am
Listing by:
Howard Hanna S Tier Inc 607-257-0800,
Kyle Steele 607-342-2148
Source: NYSAMLSs,MLS#: R1583611
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 0
Heating
- Gas, Forced Air
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Washer
Features
- Flooring: Hardwood, Luxury Vinyl, Varies
- Basement: Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,402
- Total interior livable area: 2,402 sqft
Property
Parking
- Parking features: Three or more Spaces, No Garage
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Blacktop Driveway, Deck, Gravel Driveway
Lot
- Size: 5,052.96 Square Feet
- Dimensions: 54 x 94
- Features: Near Public Transit, Rectangular, Rectangular Lot
Details
- Parcel number: 50070006700000030240000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- Composite Siding
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1980
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $479/sqft
- Tax assessed value: $700,000
- Annual tax amount: $20,860
- Date on market: 1/6/2025
- Cumulative days on market: 475 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2025 | Listed for sale | $1,150,000$479/sqft |
Source:  ITMLS #R1583611 Report a problem | ||
| 1/3/2024 | Listed for rent | $6,975+9.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/4/2019 | Listing removed | $6,390$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/3/2019 | Listed for rent | $6,390$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 14850
Nearby schools
GreatSchools rating
- 6/10Belle Sherman SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Belle Sherman
- Middle: Dewitt Middle
- High: Ithaca Senior High
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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