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  • $1,050,000

    505 Dryden Rd, Ithaca, NY 14850

    11beds
    4,318sqft
    Triplex, Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $243/sqft
    $-- HOA

    What's special

    Spacious residence
    Nestled in the vibrant heart of Collegetown, this exceptional multi-family property presents a rare opportunity for investors and Cornell University affiliates alike. Featuring an impressive 11 bedrooms and 3 bathrooms, this spacious residence offers tremendous potential for rental income in one of Ithaca's most sought-after locations. Just steps away from GreenStar Food Co op, residents enjoy convenient access to fresh, local groceries without the hassle of a long commute. Nature enthusiasts will appreciate being less than a 10-minute walk from Six Mile Creek Natural Area, where scenic trails and peaceful waterways provide the perfect escape from academic pressures. The property's prime location places Cornell University's campus within easy reach—ideal for students, faculty, and staff looking to minimize their daily commute. Meanwhile, East Hill Plaza offers nearby shopping amenities for everyday needs. This well-positioned investment property combines the perfect blend of accessibility to campus life while maintaining enough distance to ensure peaceful living. The spacious layout accommodates multiple residents comfortably, with common areas that encourage community while private bedrooms offer necessary quiet spaces for studying. Property provides strong returns in Ithaca's robust rental market. With Cornell's consistent demand for quality off-campus housing, this property represents not just a purchase but a strategic investment in one of America's most stable college town markets. Ready to expand your real estate portfolio with this exceptional multi-family opportunity? Contact us today to schedule a viewing!
    165 days
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    192
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    Zillow last checked: 8 hours ago

    Listing updated: October 17, 2025 at 02:28pm

    Listing by:

    Warren Real Estate of Ithaca Inc. (Downtown) 607-257-0666,

    David Wahl 607-227-3132

    Source: NYSAMLSs,MLS#: R1626678MLS LogoOriginating MLS: Ithaca Board of Realtors

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas, Zoned, Baseboard, Hot Water
    Cooling
    • Zoned
    Appliances
    • Included: Gas Water Heater
    Features
    • Natural Woodwork
    • Flooring: Hardwood, Laminate, Varies, Vinyl
    • Basement: Full,Partially Finished
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 4,318
    • Total interior livable area: 4,318 sqft

    Property

    Parking
    • Parking features: Other, See Remarks, Two or More Spaces
    Features
    • Stories: 4
    Lot
    • Size: 871.2 Square Feet
    • Dimensions: 80 x 90
    • Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
    Details
    • Parcel number: 50070006400000060030000000
    • Zoning description: Residential Multi Use
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Triplex
    • Property subtype: Triplex, Multi Family
    Materials
    • Wood Siding
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

    Community & HOA

    Location
    • Region: Ithaca

    Financial & listing details

    • Price per square foot: $243/sqft
    • Tax assessed value: $660,000
    • Annual tax amount: $23,836
    • Date on market: 8/3/2025
    • Cumulative days on market: 234 days
    • Listing terms: Cash,Conventional

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    10/17/2025Price change$1,050,000-4.5%$243/sqft
    Source: NYSAMLSs #R1626678 Report a problem
    8/4/2025Listed for sale$1,100,000$255/sqft
    Source: NYSAMLSs #R1626678 Report a problem
    8/4/2025Listing removed$1,100,000$255/sqft
    Source: NYSAMLSs #R1586857 Report a problem
    7/22/2025Price change$1,100,000-4.3%$255/sqft
    Source: NYSAMLSs #R1586857 Report a problem
    2/3/2025Listed for sale$1,150,000+148.9%$266/sqft
    Source: NYSAMLSs #R1586857 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024-- $660,000
    2023-- $660,000
    2022-- $660,000 +4.8%

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 14850

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Belle Sherman
    • Middle: Dewitt Middle
    • High: Ithaca Senior High
    • 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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