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 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.
For sale
$1,100,000
133 Linden Ave, Ithaca, NY 14850
2beds
0baths
2,510sqft
Multi Family, Single Family Residence
Built in 1975
-- sqft lot
$-- Zestimate®
$438/sqft
$-- HOA
What's special
- 102 days
- on Zillow |
- 135 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: January 09, 2025 at 08:20am
Listing by:
Howard Hanna S Tier Inc 607-257-0800,
Kyle Steele 607-342-2148
Source: NYSAMLSs,MLS#: R1583626
Originating MLS: Ithaca Board of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
Heating
- Gas, Forced Air
Appliances
- Included: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Features
- Flooring: Laminate, Varies, Vinyl
- Basement: Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,510
- Total interior livable area: 2,510 sqft
Property
Parking
- Parking features: Three or more Spaces, No Garage
Features
- Stories: 3
- Exterior features: Gravel Driveway
Lot
- Size: 4,713.19 Square Feet
- Dimensions: 49 x 96
- Features: Near Public Transit, Rectangular
Details
- Parcel number: 50070006700000030250000000
- 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: 1975
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: $438/sqft
- Tax assessed value: $580,000
- Annual tax amount: $18,613
- Date on market: 1/6/2025
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
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