937 E State Street Ithaca City, NY $ 649,000
937 E State Street
$ 649,000
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937 E State Street

Ithaca City, NY, 14850
$ 649,000
Bedrooms7 Baths3.0 Sq 1,920

Monthly Estimate*

$ 3,996

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Multi-Family Home for sale in Ithaca City, NY for $649,000 with 7 bedrooms and 3 full baths. This 1,920 square foot home was built in 1900.

Rare Investment Opportunity Near Cornell University – Two Homes on One Parcel at 937 State Street Discover a unique and versatile property offering two separate homes on a single parcel in a prime, walk-to-campus Ithaca location. Ideal for investors, owner-occupants, or multi-generational living, this fully utilized property provides flexibility, strong rental appeal, and long-term upside. The main residence is a well-maintained ranch-style home featuring three bedrooms, a spacious living room with a fireplace, an eat-in kitchen, and an enclosed porch with washer and dryer hookups. A bonus open-concept second floor with a full bath and private entrance offers excellent potential for additional living space or rental income. An attached one-bay garage and ample storage complete the home. Also included is a separate two-story residence with two well-maintained 2-bedroom, 1-bath units. The lower unit showcases hardwood floors, a wood-burning fireplace, and abundant natural light, while the upper unit offers a comfortable and functional layout ideal for tenants or guests. Conveniently located near campus, downtown Ithaca, shopping, dining, and public transportation, this property presents a compelling opportunity to live in one unit while renting the others or to add a high-demand, income-producing asset to your portfolio. A rare offering in an irreplaceable location—don’t miss the opportunity to explore the many possibilities at 937 State Street.

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Multi-Family Active

Price

$ 649,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 20,542

Style

Triplex

Year Built

1900

Town/City

Ithaca City

County/Region

TOMPKINS

MLS | Web ID

R1585487

Features
Interior
Interior Amenities Attic
Basement Full Partial WalkOutAccess
Flooring CeramicTile Hardwood Laminate Varies Vinyl
Total Fireplaces 2
Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 7
Main Level Bathrooms 0
Total Baths 3
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General
Sewer Connected
Heating Gas ForcedAir HotWater
Cooling CentralAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Metal
Appliances GasWaterHeater
Garage Spaces 1.0
Patio/Porch Features Deck Patio
Architectural Style Triplex
Construction Materials WoodSiding
School District Ithaca
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 61200.0
Additional Parcels Description 89.-3-5.2
County Tompkins
Net Operating Income 7316.0
Operating Expense 33342.0
Property Type Residential
Garage Y/N Yes
Rent Includes Electricity Gardener Heat HotWater SnowRemoval Water
Full Baths 3
Status Active
Directions Head down S. Meadow Street turn right onto W. Green Street keep straight onto Route 79. Destination is on your right.
City Ithaca City
Senior Community Y/N No
High School District Ithaca
Zoning Description Residential 1 Unit
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 20542.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 651000
TaxOtherAnnualAssessmentAmount 0.0
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Exterior
Exterior Amenities Deck Patio
Parking Features Garage Paved TwoOrMoreSpaces
Lot Features Rectangular RectangularLot
Water Source Connected Public
Foundation Details Poured Stone
Building Area Total 1920.0
Lot Dimensions 90X191
Waterfront Y/N No
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type MainThoroughfare
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Internal Only
Street Number 1 937
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* Excluded Features
List By
Warren Real Estate Of Ithaca Inc.

Broker

(607) 592-0474

Phone

Affordability Calculator

$5,708
Per Month
70%
30%
0%
Monthly Principal & Interest
$3,996
Monthly Property Taxes
$1,712
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
5133762 Elementary School
3323858 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/9/2025$649,000 -7.15% Price Down
10/20/2025$699,000 -6.68% Price Down
3/19/2025$749,000 Listed Price

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937 E State Street, Ithaca City, NY, 14850 is a Multi-Family Home for sale at $649,000 with 1,920 sqft. 937 E State Street has 7 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 14850 which is in Ithaca City, NY