3 Unit Rental Property in the city of Ithaca with strong rental history and long-term tenants. Tenants pay for electric. 2 Units up, 2 units down. Additional unit downstairs is under construction pending city approval. On TCAT Bus route. Motivated seller.
Closed
$274,000
563 Spencer Rd, Ithaca, NY 14850
5beds
1,911sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$280,000 Zestimate®
$143/sqft
$1,771 Estimated rent
Home value
$280,000
$232,000 - $336,000
$1,771/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 20, 2025 at 05:54am
Listed by:
Christopher A Kusznir 607-279-5967,
Key Brokers
Bought with:
Valerie Newman, 10401301700
Howard Hanna S Tier Inc
Source: NYSAMLSs,MLS#: R1549631
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Ductless, Gas, Baseboard
Cooling
- Ductless
Appliances
- Included: Electric Water Heater
Features
- Bedroom on Main Level
- Flooring: Carpet, Hardwood, Other, See Remarks, Varies
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,911
- Total interior livable area: 1,911 sqft
Property
Parking
- Parking features: Gravel, Two or More Spaces
Accessibility
- Accessibility features: Accessible Bedroom
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.34 Acres
- Dimensions: 88 x 169
- Features: Near Public Transit
Details
- Parcel number: 50070012500000030030000000
- Zoning description: Residential 2 Unit
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Stone
- Roof: Metal
Condition
- Resale
- Year built: 1920
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Ithaca
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2025 | Sold | $274,000-2.1%$143/sqft |
Source:  NYSAMLSs #R1549631 | ||
| 5/14/2025 | Pending sale | $279,900$146/sqft |
Source: NYSAMLSs #R1549631 | ||
| 10/8/2024 | Contingent | $279,900$146/sqft |
Source: NYSAMLSs #R1549631 | ||
| 8/20/2024 | Price change | $279,900-6.7%$146/sqft |
Source:  ITMLS #R1549631 | ||
| 7/3/2024 | Listed for sale | $299,900+0.1%$157/sqft |
Source: ITMLS #R1549631 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $275,000 +10.9% |
| 2023 | -- | $248,000 +10.2% |
| 2022 | -- | $225,000 +12.5% |
Find assessor info on the county website
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 7/10South Hill SchoolGrades: PK-5Distance: 1.2 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 2.6 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: South Hill
- High: Ithaca Senior High
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.