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204-206 Linden Avenue, Ithaca, NY 14850

Local realty services provided by:CENTURY 21 Jackson Real Estate
204-206 Linden Avenue,Ithaca, NY 14850
$1,150,000
  • 6 Beds
  • 2 Baths
  • 2,044 sq. ft.
  • Multi-family
  • Active
Listed by: kyle steele
Office: howard hanna s tier inc
MLS#:R1654541
Source:NY_GENRIS

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$562.62

About this home

Positioned in the absolute heart of Cornell University’s Collegetown, 204–206 Linden Avenue represents a rare blend of immediate income, irreplaceable location, and long-term redevelopment upside. This side-by-side duplex offers investors and developers a strategic foothold in one of Ithaca’s most supply-constrained and consistently high-demand submarkets. The existing improvements consist of two well-configured three-bedroom, one-bath residential units, each benefiting from a functional layout that aligns perfectly with the Collegetown rental market. The property is fully leased for the 2025–2026 academic year, providing secure, predictable cash flow from day one. What truly distinguishes 204–206 Linden Avenue, however, is its City of Ithaca CR-4 zoning, which allows for redevelopment of up to four stories of apartments. This zoning classification places the property squarely within the city’s highest-intensity residential corridor, where increased density is not only permitted but

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Home facts

  • Year built:1975
  • Listing ID #:R1654541
  • Added:57 day(s) ago
  • Updated:February 15, 2026 at 03:50 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:2,044 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1975
  • Building area:2,044 sq. ft.
  • Lot area:0.11 Acres

Schools

  • High school:Ithaca Senior High
  • Middle school:Dewitt Middle
  • Elementary school:Belle Sherman

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$562.62
  • Tax amount:$11,355

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