A special opportunity to own a 3 unit property on Ithaca's South Hill. Located just a short walk from downtown Ithaca and 5 minute drive to Ithaca College and Cornell make it accommodable to anyone's needs. Apartment 1 is a 2 bedroom with a new kitchen and bath. The bedrooms are spacious with ceiling fans and hardwood floors. Apartment 2 is a 3 bedroom with new kitchen and beautiful natural light throughout. Apartment 3 is a 2 bedroom with hardwood floors and a breathtaking lake view! Each unit has its own furnace, hot water heater and washer/dryer. The house has a new water line from the road, new siding, new roof and new paved driveway. This property has been very well maintained, has always had a 100% occupancy and will be bringing in over $61k in 2022 with 2 apartments rented through July 2023! Tenants pay all utilities and plenty of off-street parking make this a must see for any investor. Please reference mls # 406115 is same owner and willing to sell as package.
Closed
$505,000
509 S Aurora St, Ithaca, NY 14850
6beds
0baths
2,752sqft
Multi Family
Built in 1890
-- sqft lot
$553,000 Zestimate®
$184/sqft
$2,073 Estimated rent
Home value
$553,000
$514,000 - $597,000
$2,073/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 06, 2023 at 04:30am
Listed by:
Andrew Schreck schrecky@warrenhomes.com,
Warren Real Estate of Ithaca Inc. (Downtown)
Bought with:
Linda Santos, 40SA1150031
Warren Real Estate of Ithaca Inc. (Downtown)
Source: NYSAMLSs,MLS#: IB406141
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Gas, Separate Meters
Cooling
- Separate Meters
Appliances
- Included: Dryer, Dishwasher, Exhaust Fan, Gas Oven, Gas Range, Refrigerator, Range Hood, Washer
Features
- Ceiling Fan(s)
- Basement: Exterior Entry,Full,Walk-Up Access,Walk-Out Access
- Furnished: Yes
Interior area
- Total structure area: 2,752
- Total interior livable area: 2,752 sqft
Property
Parking
- Parking features: Common
Features
- Waterfront features: Lake Front
Lot
- Size: 5,000 sqft
- Dimensions: 50 x 100
- Features: Lake Front
Details
- Parcel number: 92.611
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Block
- Roof: Asphalt
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Ithaca
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2023 | Listing removed | -- |
Source:  ITMLS #406141 | ||
| 4/10/2023 | Sold | $505,000-3.8%$184/sqft |
Source:  NYSAMLSs #IB406141 | ||
| 1/25/2023 | Contingent | $525,000$191/sqft |
Source: ITMLS #406141 | ||
| 9/22/2022 | Price change | $525,000-7.1%$191/sqft |
Source: ITMLS #406141 | ||
| 3/18/2022 | Listed for sale | $565,000+41.3%$205/sqft |
Source: ITMLS #406141 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $505,000 +3.9% |
| 2023 | -- | $486,000 +8% |
| 2022 | -- | $450,000 +7.1% |
Find assessor info on the county website
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 7/10South Hill SchoolGrades: PK-5Distance: 0.1 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 1.8 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: South Hill
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.