402 University Avenue Ithaca City, NY $ 468,000
402 University Avenue
$ 468,000
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402 University Avenue

Ithaca City, NY, 14850
$ 468,000
Bedrooms5 Baths3.0 Sq 2,661

Monthly Estimate*

$ 2,920

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Multi-Family Home for sale in Ithaca City, NY for $468,000 with 5 bedrooms and 3 full baths. This 2,661 square foot home was built in 1920 on a lot size of 0.17.

Rare opportunity on Cornell’s West Campus, bordering the beautiful Fall Creek neighborhood. Very short walk to Cornell, Cascadilla Gorge Trail, and waterfalls! Located outside of the designated flood zone! The main house can function as a 5-bedroom rental, or reserve the two rooms downstairs for full-size living and dining areas to create a comfortable home. Live in it yourself or capitalize on strong rental demand in this prime location. A fully rented 1-bedroom apartment in the rear provides steady income. Both units feature covered porches that offer a peaceful retreat with beautiful views and western-facing sunsets. University Avenue connects Ithaca’s vibrant community with the heart of Cornell. Conveniently located along the TCAT bus route 10: servicing Cornell and downtown.

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Multi-Family Active

Price

$ 468,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 15,765

Style

Duplex

Lot Size

0.17

Year Built

1920

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1644575

Features
Interior
Interior Amenities Attic CeilingFans Other SeeRemarks ProgrammableThermostat
Basement PartiallyFinished WalkOutAccess
Flooring Carpet Hardwood Laminate Tile Varies
Total Fireplaces 1
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 5
Below Grade Finished Area 400.0
Main Level Bathrooms 0
Total Baths 3
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General
Sewer Connected
Heating Gas Baseboard Electric ForcedAir
Utilities CableAvailable HighSpeedInternetAvailable SewerConnected WaterConnected
Possession CloseOfEscrow RentalAgreement
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Balcony Deck
Architectural Style Duplex
Construction Materials WoodSiding
School District Ithaca
Year Built 1920
Electric CircuitBreakers
Stories Count 3
Township Not Applicable
Property Subtype MultiFamily
County Tompkins
Property Type Residential
Rent Includes CommonAreaMaintenance Electricity Gardener Heat HotWater Water
Full Baths 3
Status Active
City Ithaca City
Senior Community Y/N No
High School District Ithaca
Number Of Units Total 2
MLS Area Ithaca-City-500700
Lot Size Units Acres
Lot Size Square Feet 7405.0
Elementary School Cayuga Heights Elementary
Year Built Details Existing
Tax Annual Amount 15765.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 500000
TaxOtherAnnualAssessmentAmount 0.0
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Exterior
Exterior Amenities Balcony Deck
Parking Features OnStreet
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.17
Foundation Details Stone
Building Area Total 2661.0
Lot Dimensions 62X110
Lot Size Acres 0.17
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type CityStreet
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Internal Only
Street Number 1 402
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* Excluded Features
List By
Howard Hanna S Tier Inc

Broker

(315) 406-2852

Phone

Affordability Calculator

$4,233
Per Month
69%
31%
0%
Monthly Principal & Interest
$2,920
Monthly Property Taxes
$1,314
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.
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Nearby
5133770 Elementary School
3323858 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2025$468,000 -0.85% Price Down
10/14/2025$472,000 Listed Price

Map


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402 University Avenue, Ithaca City, NY, 14850 is a Multi-Family Home for sale at $468,000 with 2,661 sqft and a lot size of 0.17. 402 University Avenue has 5 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 14850 which is in Ithaca City, NY