505 Dryden Road Ithaca City, NY $ 1,050,000
505 Dryden Road
$ 1,050,000
Share Save

505 Dryden Road

Ithaca City, NY, 14850
$ 1,050,000
Bedrooms11 Baths3.0 Sq 4,318

Monthly Estimate*

$ 6,551

505 Dryden Road, Ithaca City, NY 14850 - Image 1
505 Dryden Road, Ithaca City, NY 14850 - Image 2
505 Dryden Road, Ithaca City, NY 14850 - Image 3
505 Dryden Road, Ithaca City, NY 14850 - Image 4
505 Dryden Road, Ithaca City, NY 14850 - Image 5
505 Dryden Road, Ithaca City, NY 14850 - Image 6
505 Dryden Road, Ithaca City, NY 14850 - Image 7
505 Dryden Road, Ithaca City, NY 14850 - Image 8
505 Dryden Road, Ithaca City, NY 14850 - Image 9
505 Dryden Road, Ithaca City, NY 14850 - Image 10
505 Dryden Road, Ithaca City, NY 14850 - Image 11
505 Dryden Road, Ithaca City, NY 14850 - Image 12
505 Dryden Road, Ithaca City, NY 14850 - Image 13
505 Dryden Road, Ithaca City, NY 14850 - Image 14
505 Dryden Road, Ithaca City, NY 14850 - Image 15
505 Dryden Road, Ithaca City, NY 14850 - Image 16
505 Dryden Road, Ithaca City, NY 14850 - Image 17
505 Dryden Road, Ithaca City, NY 14850 - Image 18
505 Dryden Road, Ithaca City, NY 14850 - Image 19
505 Dryden Road, Ithaca City, NY 14850 - Image 20
505 Dryden Road, Ithaca City, NY 14850 - Image 21
505 Dryden Road, Ithaca City, NY 14850 - Image 22
505 Dryden Road, Ithaca City, NY 14850 - Image 23
505 Dryden Road, Ithaca City, NY 14850 - Image 24
505 Dryden Road, Ithaca City, NY 14850 - Image 25
505 Dryden Road, Ithaca City, NY 14850 - Image 26
505 Dryden Road, Ithaca City, NY 14850 - Image 27
505 Dryden Road, Ithaca City, NY 14850 - Image 28
505 Dryden Road, Ithaca City, NY 14850 - Image 29
Multi-Family Home for sale in Ithaca City, NY for $1,050,000 with 11 bedrooms and 3 full baths. This 4,318 square foot home was built in 1900 on a lot size of 0.02.

Nestled in the vibrant heart of Collegetown, this exceptional multi-family property presents a rare opportunity for investors and Cornell University affiliates alike. Featuring an impressive 11 bedrooms and 3 bathrooms, this spacious residence offers tremendous potential for rental income in one of Ithaca's most sought-after locations. Just steps away from GreenStar Food Co op, residents enjoy convenient access to fresh, local groceries without the hassle of a long commute. Nature enthusiasts will appreciate being less than a 10-minute walk from Six Mile Creek Natural Area, where scenic trails and peaceful waterways provide the perfect escape from academic pressures. The property's prime location places Cornell University's campus within easy reach—ideal for students, faculty, and staff looking to minimize their daily commute. Meanwhile, East Hill Plaza offers nearby shopping amenities for everyday needs. This well-positioned investment property combines the perfect blend of accessibility to campus life while maintaining enough distance to ensure peaceful living. The spacious layout accommodates multiple residents comfortably, with common areas that encourage community while private bedrooms offer necessary quiet spaces for studying. Property provides strong returns in Ithaca's robust rental market. With Cornell's consistent demand for quality off-campus housing, this property represents not just a purchase but a strategic investment in one of America's most stable college town markets. Ready to expand your real estate portfolio with this exceptional multi-family opportunity? Contact us today to schedule a viewing!

See more

Multi-Family Active

Price

$ 1,050,000

Bedrooms

11

Full Bath

3

Property Type

Multi-Family

Taxes

$ 23,836

Style

Triplex

Lot Size

0.02

Year Built

1900

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1626678

Features
Interior
Interior Amenities NaturalWoodwork
Basement Full PartiallyFinished
Flooring Hardwood Laminate Varies Vinyl
Furnished Y/N Furnished
Total Fireplaces 0
Total Stories 4
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 11
Main Level Bathrooms 0
Total Baths 3
See more
General
Sewer Connected
Heating Gas Zoned Baseboard HotWater
Cooling Zoned
Utilities CableAvailable HighSpeedInternetAvailable SewerConnected WaterConnected
Possession Closing
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Architectural Style Triplex
Construction Materials WoodSiding
School District Ithaca
Year Built 1900
Electric CircuitBreakers
Stories Count 4
Township Not Applicable
Property Subtype MultiFamily
Gross Income 123940.0
County Tompkins
Net Operating Income 65587.0
Operating Expense 34517.0
Property Type Residential
Rent Includes CommonAreaMaintenance Gardener Heat HotWater SnowRemoval
Full Baths 3
Status Active
High School Ithaca Senior High
City Ithaca City
Senior Community Y/N No
High School District Ithaca
Zoning Description Residential Multi Use
Number Of Units Total 3
MLS Area Ithaca-City-500700
Lot Size Units Acres
Elementary School Belle Sherman
Year Built Details Existing
Tax Annual Amount 23836.0
Middle/Junior High School Dewitt Middle
Property Condition Resale
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 660000
TaxOtherAnnualAssessmentAmount 0.0
See more
Exterior
Parking Features Other SeeRemarks TwoOrMoreSpaces
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.02
Foundation Details Stone
Building Area Total 4318.0
Lot Dimensions 80X90
Lot Size Acres 0.02
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
See more
Internal Only
Street Number 1 505
See more
* Excluded Features
List By
Warren Real Estate Of Ithaca Inc. (Downtown)

Broker

(607) 227-3132

Phone

Affordability Calculator

$8,537
Per Month
77%
23%
0%
Monthly Principal & Interest
$6,551
Monthly Property Taxes
$1,986
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
5133762 Elementary School
5133729 Middle School
Ithaca Senior High High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$1,050,000 -4.55% Price Down
8/4/2025$1,100,000 Listed Price

Map


See all

505 Dryden Road, Ithaca City, NY, 14850 is a Multi-Family Home for sale at $1,050,000 with 4,318 sqft and a lot size of 0.02. 505 Dryden Road has 11 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 14850 which is in Ithaca City, NY