Skip main navigation
Off market
  • $422,500

    207 Prospect St, Ithaca, NY 14850

    6beds
    0baths
    7,434sqft
    MultiFamily
    Built in 1861
    -- sqft lot
    $422,500 Zestimate®
    $57/sqft
    $3,175 Estimated rent

    What's special

    3 adjacent duplex's being sold all as a package deal! Excellent investment opportunity 2 blocks to Downtown Ithaca Commons and a 5-10 minute drive to both Ithaca College and Cornell University. Gross income for '19-'21: averages $150k per year. Each house has a current certificate of compliance. Each property has had 100% occupancy since current landlord has owned the properties. 7 of the 16 bedrooms have been rented through June 2023 at $800 a bedroom plus utilities. 215-217 Prospect St had over $50k worth of capital improvement in 2019. 207 Prospect St roof was replaced in 2019. New windows throughout each unit.1 1/2 Car garage ideal for storage. All units come fully furnished with coin-less washer/dryer, separate gas and electric meters (that the tenants are responsible for),and ample off street parking. Tenants are also responsible for trash and recycling.See attached documents for break down of each unit for 2021.*** NOT FOR SALE INDIVIDUALLY MUST BE PURCHASED AS PACKAGE DEAL***

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 0
    Heating
    • Forced air
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 7,434 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Composition
    Lot
    • Size: 0.60 Acres
    Details
    • Parcel number: 5007008222

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1861

    Community & neighborhood

    Location
    • Region: Ithaca
    Services availability