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!
For sale
$1,150,000
505 Dryden Rd, Ithaca, NY 14850
11beds
4,318sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$266/sqft
$-- HOA
What's special
Private bedroomsSpacious residenceSpacious layout
- 128 days
- on Zillow |
- 185 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: June 03, 2025 at 10:21am
Listing by:
Warren Real Estate of Ithaca Inc. (Downtown) 607-257-0666,
David Wahl 607-227-3132
Source: NYSAMLSs,MLS#: R1586857
Originating MLS: Ithaca Board of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s 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
Video & virtual tour
Property
Parking
- Parking features: Other, See Remarks, Two or More Spaces
Features
- Stories: 4
Lot
- Size: 7,187.4 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: $266/sqft
- Tax assessed value: $660,000
- Annual tax amount: $21,835
- Date on market: 2/3/2025
- Listing terms: Cash,Conventional
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