426 Winthrop Drive Ithaca Town, NY $ 1,575,000
426 Winthrop Drive
$ 1,575,000
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426 Winthrop Drive

Ithaca Town, NY, 14850
$ 1,575,000
Bedrooms40 Baths10.0 Sq 11,562

Monthly Estimate*

$ 10,878

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Multi-Family Home for sale in Ithaca Town, NY for $1,575,000 with 40 bedrooms and 10 full baths. This 11,562 square foot home was built in 1975 on a lot size of 0.68.

Well-located 10-unit apartment building with each unit being 2 bedroom 1.5 baths each in Ithaca’s desirable Northeast neighborhood, situated on a quiet residential street convenient to Cornell University, shopping, dining, healthcare, BOCES, and nearby schools. This distinctive brick building offers spacious apartments with bright interiors and comfortable living spaces. Building amenities include air conditioning, coin-operated laundry facilities, dedicated storage for each unit, and free off-street parking—valuable conveniences for residents in the Ithaca rental market. Multiple TCAT bus routes are just a short walk away, providing direct service to Cornell, Downtown Ithaca, Ithaca Mall, and other area destinations, with additional transit options available along nearby Triphammer Road. Combining a sought-after Northeast location, established residential setting, on-site parking, storage, and convenient access to major employment, education, shopping, and transportation, this 10-unit property presents an attractive opportunity for an investor seeking a substantial multifamily asset just outside the City of Ithaca with an Ithaca address. This unique property attracts long-term tenants. Delayed showings in effect - No showings until Wednesday, September 3 at 1:00 pm.

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Multi-Family Contingent

Price

$ 1,575,000

Bedrooms

40

Full Bath

10

Property Type

Multi-Family

Taxes

$ 25,637

Style

Lot Size

0.68

Year Built

1975

Town/City

Ithaca Town

County/Region

TOMPKINS

MLS | Web ID

R1709001

Features
General
Sewer Connected
Heating Gas Baseboard HotWater
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Architectural Membrane Rubber Shingle
Appliances ElectricOven ElectricRange GasWaterHeater Refrigerator
Garage Spaces 0.0
Construction Materials BlownInInsulation Brick Frame
School District Ithaca
Year Built 1975
Stories Count 3
Township Not Applicable
Property Subtype Other
Gross Income 182000.0
Community Features LaundryFacilities TrailsPaths
County Tompkins
Net Operating Income 139219.0
Operating Expense 17144.0
Property Type MultiFamily
Energy Efficient Appliances Lighting Windows
Garage Y/N No
Rent Includes CommonAreaMaintenance Heat HotWater SnowRemoval TrashCollection Water
Status ActiveUnderContract
Directions Warren Rd. to Winthrop Dr.
High School Ithaca Senior High
City Ithaca Town
Senior Community Y/N No
High School District Ithaca
Number Of Units Total 10
MLS Area Ithaca-Town-503089
Lot Size Units Acres
Lot Size Square Feet 29621.0
Elementary School Northeast
Year Built Details Existing
Tax Annual Amount 25637.0
Middle/Junior High School Dewitt Middle
Property Condition Resale
Standard Status ActiveUnderContract
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 870000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 3
Property Sub Type Additional Other
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Interior
Basement Full Finished
Flooring Carpet Varies Vinyl
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features CommonArea CoinOperated
Total Bedrooms 40
Main Level Bathrooms 0
Total Baths 0
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Exterior
Exterior Amenities BlacktopDriveway GravelDriveway
Parking Features TwoSpaces NoGarage
Lot Features IrregularLot NearPublicTransit ResidentialLot
Water Source Connected Public
Lot Size Area 0.68
Building Area Total 11562.0
Lot Dimensions 239X84
Lot Size Acres 0.68
Waterfront Y/N No
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 11
Road Frontage Type CityStreet
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Internal Only
Street Number 1 426
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* Excluded Features
List By
Berkshire Hathaway Homeservices Heritage Realty

Broker

(607) 275-1234

Phone

Affordability Calculator

$13,015
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,878
Monthly Property Taxes
$2,136
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
5133768 Elementary School
5133729 Middle School
Ithaca Senior High High School
Pricing History
DatePricePrice ChangeDescription
8/28/2026$1,575,000 Listed Price

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426 Winthrop Drive, Ithaca Town, NY, 14850 is a Multi-Family Home for sale at $1,575,000 with 11,562 sqft and a lot size of 0.68. 426 Winthrop Drive has 40 bedrooms, 10.0 baths, and was built in 1975. The property's zip code is 14850 which is in Ithaca Town, NY