202 Lake Street Ithaca City, NY $ 595,000
202 Lake Street
$ 595,000
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202 Lake Street

Ithaca City, NY, 14850
$ 595,000
Bedrooms4 Baths3.0 Sq 1,704

Monthly Estimate*

$ 3,664

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Multi-Family Home for sale in Ithaca City, NY for $595,000 with 4 bedrooms and 3 full baths. This 1,704 square foot home was built in 1870 on a lot size of 0.18.

Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in the basement with access available to all tenants. A current Certificate of Compliance is in place. This property also presents an excellent option for an owner-occupant to live in one unit while renting the others to help offset expenses and supplement income. Conveniently located near downtown, shopping, dining, and public transportation, this multi-unit property offers both long-term value and flexibility. A rare opportunity to own a quality income-producing property in a desirable Ithaca location.

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Multi-Family Active

Price

$ 595,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 17,065

Style

Triplex

Lot Size

0.18

Year Built

1870

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1661476

Features
General
Sewer Connected
Heating Gas ForcedAir
Cooling WindowUnits
Utilities ElectricityConnected SewerConnected WaterConnected
Possession Closing
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Patio/Porch Features Deck
Architectural Style Triplex
Construction Materials VinylSiding CopperPlumbing PexPlumbing
School District Ithaca
Year Built 1870
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 54195.0
Accessibility AccessibleDoors
County Tompkins
Property Type Residential
Subdivision Name Section 28
Rent Includes CommonAreaMaintenance Gardener SnowRemoval TrashCollection Water
Full Baths 3
Status Active
Directions From Rte 13/ Meadow St heading North turn right on W Lincoln St and then right on Lake St. The House will be on your right.
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
Lot Size Square Feet 7841.0
Elementary School Fall Creek Elementary
Year Built Details Existing
Tax Annual Amount 17065.0
Middle/Junior High School Boynton Middle
Property Condition Resale
Virtual Tour https://youtu.be/dM7VzBxKUCc
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 360000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 7
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Interior
Basement Full WalkOutAccess
Flooring Laminate LuxuryVinyl Tile Varies
Furnished Y/N Furnished
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 3
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Exterior
Exterior Amenities Deck
Parking Features Common Gravel TwoOrMoreSpaces
Lot Features CornerLot IrregularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.18
Foundation Details Block Stone
Building Area Total 1704.0
Lot Dimensions 44X117
Lot Size Acres 0.18
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Berkshire Hathaway Homeservices Heritage Realty

Broker

(315) 807-2966

Phone

Affordability Calculator

$5,086
Per Month
72%
28%
0%
Monthly Principal & Interest
$3,664
Monthly Property Taxes
$1,422
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
5133754 Elementary School
4006388 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/8/2026$595,000 Listed Price

Map


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202 Lake Street, Ithaca City, NY, 14850 is a Multi-Family Home for sale at $595,000 with 1,704 sqft and a lot size of 0.18. 202 Lake Street has 4 bedrooms, 3.0 baths, and was built in 1870. The property's zip code is 14850 which is in Ithaca City, NY