316 W Seneca Street, Ithaca, NY 14850
Local realty services provided by:CENTURY 21 North East
Listed by: kevin duffey
Office: howard hanna s tier inc
MLS#:R1638081
Source:NY_GENRIS
Price summary
- Price:$529,900
- Price per sq. ft.:$192.9
About this home
This dynamic triplex in the heart of downtown Ithaca is a short walk from restaurants, boutiques and Cornell University on one side and Wegmans and retail shopping galore on the other.
This 3-unit features an occupied studio downstairs, an occupied 1BR downstairs, and an occupied 3 BR upstairs, making this an ideal investment property, as all rooms are generating income and rented through July 31. Best of all, the certificate of occupancy is good until Sept 2026 and one tenant has been there seven years, so you have the security of a long term renter. New boiler 3 years ago and a new hot water heater last year. Utilities except phone/cable/internet included. The main roof was replaced/redone in April 2014.
In the 3-bedroom apt upstairs, window air conditioning unit is provided for each bedroom and living room. Porch roofs are 2 years old. 3 bedroom and studio come furnished.
Net operating income is over $36,000! Gross income is $55,920!
All leases end 7/31/26 with option to renew.
Seller willing to let buyer assume mortgage, which has an interest rate of 3.25%...
Contact an agent
Home facts
- Year built:1860
- Listing ID #:R1638081
- Added:227 day(s) ago
- Updated:May 01, 2026 at 02:52 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Flooring:Carpet, Hardwood, Varies, Vinyl
- Basement:Yes
- Basement Description:Full
- Living area:2,747 sq. ft.
Heating and cooling
- Cooling:Wall Units, Window Units
- Heating:Gas, Hot Water
Structure and exterior
- Roof:Asphalt, Flat, Membrane, Rubber, Shingle
- Year built:1860
- Building area:2,747 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Rectangular, Residential Lot
- Architectural Style:Triplex
- Construction Materials:Copper Plumbing, Vinyl Siding
- Foundation Description:Block, Stone
- Levels:2 Stories
Schools
- Elementary school:Beverly J Martin Elementary
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$529,900
- Price per sq. ft.:$192.9
- Tax amount:$11,734
Features and amenities
- Amenities:Drapes, Furnished
Parking
- Parking description:Common, Garage, On Street
- Garage:Yes
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