108 2nd Street Ithaca City, NY $ 365,000
108 2nd Street
$ 365,000
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108 2nd Street

Ithaca City, NY, 14850
$ 365,000
Bedrooms4 Baths4.0 Sq 2,448

Monthly Estimate*

$ 2,247

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Multi-Family Home for sale in Ithaca City, NY for $365,000 with 4 bedrooms and 4 full baths. This 2,448 square foot home was built in 1965 on a lot size of 0.0781.

This well-positioned four-unit property offers strong fundamentals and immediate opportunity for the next owner. With two of the four units currently available, buyers have flexibility to place tenants, complete finishing touches, or occupy a unit while generating income. The property has good bones and is ready to operate with minimal appliance updates, making it an efficient entry point for investors or owner-occupants alike. Whether you are building a growing rental portfolio, house hacking, or expanding an existing portfolio, this asset provides multiple strategies to create value and cash flow. Conveniently located near the city center, the property offers easy access to shops, dining, services, and everyday amenities, supporting strong tenant demand and long-term desirability. A solid opportunity to acquire an income-producing property at an attractive price point with upside potential Owner is delaying negotiations and reviewing all offers at 4pm on Friday, February 6th. We will receive offers and schedule showings in the meantime.

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Multi-Family Pending

Price

$ 365,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 13,214

Style

Fourplex

Lot Size

0.0781

Year Built

1965

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1659488

Features
General
Sewer Connected
Heating Gas ForcedAir
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Architectural Style Fourplex
Construction Materials Frame CopperPlumbing
School District Ithaca
Year Built 1965
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 23190.0
Accessibility AccessibleDoors
County Tompkins
Property Type Residential
Rent Includes Gardener Heat SnowRemoval Water
Full Baths 4
Status Pending
Directions From rt 13 go east on Cascadilla St and take left to head north on 2nd Street.
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 4
MLS Area Ithaca-City-500700
Lot Size Units Acres
Lot Size Square Feet 3400.0
Elementary School Beverly J Martin Elementary
Year Built Details Existing
Tax Annual Amount 13214.0
Middle/Junior High School Boynton Middle
Property Condition Resale
Standard Status Pending
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 300000
TaxOtherAnnualAssessmentAmount 0.0
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Interior
Basement DirtFloor Full WalkOutAccess
Flooring Hardwood Laminate Varies Vinyl
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 4
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Exterior
Exterior Amenities PrivateYard SeeRemarks
Parking Features NoDriveway OnStreet
Lot Features CornerLot FloodZone Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.0781
Foundation Details Block Stone
Building Area Total 2448.0
Lot Dimensions 40X85
Lot Size Acres 0.0781
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 5
Road Frontage Type CityStreet
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Internal Only
Street Number 1 108
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* Excluded Features
List By
Berkshire Hathaway Homeservices Heritage Realty

Broker

(315) 807-2966

Phone

Affordability Calculator

$3,349
Per Month
67%
33%
0%
Monthly Principal & Interest
$2,247
Monthly Property Taxes
$1,101
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5133727 Elementary School
4006388 Middle School
Ithaca Senior High High School
Pricing History
DatePricePrice ChangeDescription
1/24/2026$365,000 Listed Price

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108 2nd Street, Ithaca City, NY, 14850 is a Multi-Family Home for sale at $365,000 with 2,448 sqft and a lot size of 0.0781. 108 2nd Street has 4 bedrooms, 4.0 baths, and was built in 1965. The property's zip code is 14850 which is in Ithaca City, NY