Triplex Near Downtown Ithaca – Great Investment Opportunity! Located just minutes from downtown Ithaca, this fully rented triplex is a fantastic investment! Each unit has its own charm, and tenants pay their own utilities, making management simple. Unit 1: A cozy 1-bedroom, 1-bath unit with approximately 475 sq. ft. of living space. All on the main level. Rents for $500/month. Unit 2: A spacious 2-bedroom, 1-bath, two-story unit with about 751 sq. ft. of space. Rents for $625/month. Unit 3: Another 1-bedroom, 1-bath unit with 497 sq. ft., all on the main level. Rents for $550/month. With steady rental income and a prime location near Ithaca’s shops, restaurants, and public transportation, this property is a smart buy. Don’t miss out on this opportunity—schedule a showing today!
For sale
Price cut: $10K (3/28)
$119,000
220 E Emerson St, Ithaca, MI 48847
--beds
4baths
1,723sqft
Est.:
Multi Family
Built in 1959
-- sqft lot
$-- Zestimate®
$69/sqft
$-- HOA
What's special
Two-story unit
- 70 days
- on Zillow |
- 628 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: March 30, 2025 at 11:09pm
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Source: NGLRMLS,MLS#: 1930868

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Gas Water Heater
Features
- Windows: Bay Window(s), Blinds
- Basement: Michigan Basement
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,723 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.38 Acres
- Dimensions: 98 x 117
Details
- Additional structures: None
- Parcel number: 52-010-093-00
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: N/A
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $121,600
- Annual tax amount: $1,916
- Price range: $119K - $119K
- Date on market: 2/14/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Lease term: 12 Months
- Total actual rent: 1675
- Road surface type: Asphalt
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