137 Fayette Street, Ithaca, NY 14850
Local realty services provided by:CENTURY 21 Jackson Real Estate
137 Fayette Street,Ithaca, NY 14850
$650,000
- 3 Beds
- 2 Baths
- 1,792 sq. ft.
- Multi-family
- Active
Listed by: rio lange
Office: keller williams realty
MLS#:R1704787
Source:NY_GENRIS
Price summary
- Price:$650,000
- Price per sq. ft.:$362.72
About this home
Opportunities like this are exceptionally rare in downtown Ithaca. Completely reimagined in 2023, this property was taken down to the studs and rebuilt with quality craftsmanship throughout, offering the feel of new construction in one of the city’s most established neighborhoods.
Whether you’re looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification.
The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home.
Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties.
Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you’ll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone.
For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:R1704787
- Added:1 day(s) ago
- Updated:August 06, 2026 at 02:47 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Tile, Varies
- Basement:Yes
- Basement Description:Full
- Living area:1,792 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1900
- Building area:1,792 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Rectangular
- Construction Materials:Frame
- Levels:2 Stories
Schools
- Elementary school:Belle Sherman
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$362.72
- Tax amount:$11,291
Features and amenities
- Laundry features:Electric Water Heater
Parking
- Parking description:One Space
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