1920s 3 bedroom bungalow style home with two 1 bedroom income producing apartments. Income from the apartments will cover mortgage and taxes. Many updates and on a large city lot just under an acre. Hardwood floors, maple kitchen, brick fireplace and a covered front porch. Huge lawn and a 2-car garage. OR Property would make great rental. Ideal for 1st time investor. Positive cash flow. Lot may be large enough for additional rental.
Sold for $265,000 on 05/29/25
Street View
$265,000
524 Spencer Rd, Ithaca, NY 14850
5beds
3baths
2,112sqft
MultiFamily
Built in 1928
-- sqft lot
$368,700 Zestimate®
$125/sqft
$2,022 Estimated rent
Home value
$368,700
$332,000 - $406,000
$2,022/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced air
Features
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,112 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Wood
Lot
- Size: 0.69 Acres
Details
- Parcel number: 50070012414
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
Condition
- Year built: 1928
Community & neighborhood
Location
- Region: Ithaca
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2025 | Sold | $265,000+56%$125/sqft |
Source: Public Record | ||
| 9/15/2010 | Listing removed | $169,900$80/sqft |
Source: Coldwell Banker Shaw Real Estate #131023 | ||
| 3/14/2010 | Listed for sale | $169,900+0.5%$80/sqft |
Source: Coldwell Banker- Shaw Real Estate #131023 | ||
| 8/3/2009 | Listing removed | $169,000$80/sqft |
Source: Warren Real Estate #128356 | ||
| 8/1/2009 | Listed for sale | $169,000+164.1%$80/sqft |
Source: Warren Real Estate #128356 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $300,000 +11.1% |
| 2023 | -- | $270,000 +10.2% |
| 2022 | -- | $245,000 +8.9% |
Find assessor info on the county website
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 7/10South Hill SchoolGrades: PK-5Distance: 1.1 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 2.5 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 2.2 mi