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
$358,200 Zestimate®
$125/sqft
$1,665 Estimated rent
Owner 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