This unique three-unit investment property offers an excellent opportunity in one of Ithaca's most sought-after neighborhoods. Situated on a corner lot near South Hill Elementary School, the property is fully rented through July 2026, providing easy access to public transportation and is consistently 100% rented due to its proximity to both Cornell University and Ithaca College. Residents enjoy a short walk to the Commons, Ithaca's downtown hub, and direct access to the South Hill Recreation Trail across the street. The third floor has been completely remodeled in 2022. A detached three-car garage and ample off-street parking add further convenience and value to this turn-key investment property. Whether you are a seasoned investor or looking for your first multifamily property, this is a rare find in a high-demand
area!
Under contract
Price cut: $10K (5/12)
$399,000
502 Hudson St, Ithaca, NY 14850
4beds
2,715sqft
Single Family Residence
Built in 1890
10,262.74 Square Feet Lot
$-- Zestimate®
$147/sqft
$-- HOA
What's special
Ample off-street parkingDetached three-car garageCorner lot
- 61 days
- on Zillow |
- 1,039 |
- 43 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 08:24am
Listing by:
Warren Real Estate of Ithaca Inc. (Downtown) 607-257-0666,
Andrew Schreck 585-802-7827
Source: NYSAMLSs,MLS#: R1592450
Originating MLS: Ithaca Board of Realtors

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Heating
- Gas, Baseboard, Steam
Appliances
- Included: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, See Remarks, Water Heater, Washer
Features
- Separate/Formal Living Room, Other, See Remarks, Natural Woodwork
- Flooring: Carpet, Hardwood, Other, See Remarks, Varies, Vinyl
- Basement: Full,Sump Pump
- Number of fireplaces: 1
Interior area
- Total structure area: 2,715
- Total interior livable area: 2,715 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Patio & porch: Open, Porch, Screened
- Exterior features: Blacktop Driveway, Porch, Private Yard, See Remarks
Lot
- Size: 10,262.74 Square Feet
- Dimensions: 68 x 150
- Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 91.54
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Siding, Copper Plumbing, PEX Plumbing
- Foundation: Block
- Roof: Asphalt
Condition
- Resale
- Year built: 1890
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $435,000
- Annual tax amount: $16,121
- Date on market: 4/11/2025
- Listing terms: Cash,Conventional,Other,See Remarks
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