Introducing an exceptional opportunity at 306 Stewart Avenue, this spacious multi-family property in Ithaca is perfectly positioned for investors looking for reliable rental returns. Impressive long-term growth addition to their portfolio. With over 4500 sq. ft. of well-planned living space, this property distinguishes itself not only by size, but by its capacity to generate steady income in a vibrant in-demand neighborhood.
Featuring 14 bedrooms and 5 bathrooms, the property is designed to suit a variety of living needs, increasing its appeal and leasing options. Each unit provides privacy, while the generous shared spaces foster a welcoming environment, ideal for encouraging tenant satisfaction and reducing turnover. Multiple modern kitchens and durable flooring ensure straightforward management and help keep ongoing maintenance costs controlled. An abundance of natural light throughout enhances the interior, attracting tenants who value a bright and comfortable home, especially in a university-oriented rental market.
Nestled on Stewart Avenue, the property is just moments from Cornell University, a consistent source of rental demand year-round.
Under contract
$1,250,000
306 Stewart Ave, Ithaca, NY 14850
14beds
0baths
4,507sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$277/sqft
$-- HOA
What's special
Abundance of natural lightGenerous shared spacesMultiple modern kitchensDurable flooring
- 33 days |
- 171 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 09:51am
Listing by:
Warren Real Estate of Ithaca Inc. (Downtown) 607-257-0666,
David Wahl 607-227-3132
Source: NYSAMLSs,MLS#: R1648862
Originating MLS: Ithaca Board of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 0
Heating
- Gas, Baseboard, Hot Water
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Features
- Flooring: Hardwood, Laminate, Tile, Varies
- Basement: Partially Finished
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 4,507
- Total interior livable area: 4,507 sqft
Video & virtual tour
Property
Parking
- Parking features: None, No Driveway, No Garage
Features
- Stories: 3
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 871.2 Square Feet
- Dimensions: 50 x 60
- Features: Rectangular, Rectangular Lot
Details
- Parcel number: 50070006300000100040000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
- Roof: Asphalt
Condition
- Resale
- Year built: 1900
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: $277/sqft
- Tax assessed value: $675,000
- Annual tax amount: $28,970
- Date on market: 11/7/2025
- Cumulative days on market: 34 days
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Contingent | $1,250,000$277/sqft |
Source: | ||
| 11/7/2025 | Listed for sale | $1,250,000-6%$277/sqft |
Source: | ||
| 8/12/2024 | Listing removed | $1,330,000$295/sqft |
Source: | ||
| 3/10/2024 | Listing removed | -- |
Source: | ||
| 1/1/2024 | Listed for sale | $1,330,000-5%$295/sqft |
Source: | ||
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
- 7/10South Hill SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 1.4 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Belle Sherman
- 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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