Nestled between Downtown and Collegetown, this 3,544 square foot, 5 unit, 10 bedroom/5 bathroom investment property is fully renovated to offer comfort and luxury. Adjacent to Cornell University with great opportunity to add value (allowable maximum occupancy of 13). Incredible location provides easy access to both Ithaca Commons and Cornell through walking, biking, or bus transit, with the added allure of the nearby restaurants, shopping and attractions. One Studio, One 1BR apt, One 2BR apt and Two 3BR apts - All offer incredible rental history with strong demand. Each unit offers modern amenities: washer and dryers in each unit, stainless steel appliances, dishwasher, fireplaces, and granite countertops for added luxury. Three-car garage and additional off-street parking spots. Turn Key Investment property!
For sale
$1,200,000
521 E State St, Ithaca, NY 14850
10beds
0baths
3,544sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$339/sqft
$-- HOA
What's special
Modern amenitiesStainless steel appliancesGranite countertops
- 4 days
- on Zillow |
- 261 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 10:14am
Listing by:
Warren Real Estate of Ithaca Inc. 607-257-0666,
Tammarion Warren 607-227-0198
Source: NYSAMLSs,MLS#: R1601254
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: 10
- Bathrooms: 0
Heating
- Electric, Gas, Baseboard
Appliances
- Included: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Refrigerator, Washer
- Laundry: Common Area, Washer Hookup
Features
- Flooring: Tile, Varies, Vinyl
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 3,544
- Total interior livable area: 3,544 sqft
Property
Parking
- Parking features: Three or more Spaces
Features
- Stories: 3
- Patio & porch: Patio
- Exterior features: Blacktop Driveway, Patio
Lot
- Size: 0.29 Acres
- Dimensions: 60 x 206
- Features: Near Public Transit, Rectangular
Details
- Parcel number: 50070006800000110010000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cedar, Vinyl Siding
- Roof: Asphalt,Membrane,Rubber
Condition
- Resale
- Year built: 1975
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances
Community & HOA
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $665,000
- Annual tax amount: $20,981
- Date on market: 4/22/2025
- Listing terms: Cash,Conventional
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