327 Coddington Road, Ithaca, NY 14850
Local realty services provided by:CENTURY 21 Bridgeway Realty
Listed by: lindsay hart
Office: re/max in motion
MLS#:R1694420
Source:NY_GENRIS
Price summary
- Price:$510,000
- Price per sq. ft.:$125.74
About this home
HOUSE-HACK OPPORTUNITY — Live in one unit, let three pay your mortgage.
Owner-occupy the 1st-floor unit and collect $4,050/mo from the other three — at residential mortgage rates, not investment rates. Rent from the 2nd floor ($1,550), basement ($1,200), and detached bungalow ($1,300) offsets most or all of your carrying cost.
Located in the TOWN of ITHACA with valley views, this rare four-unit property offers the opportunity to build equity while generating income from day one. Featuring two separate buildings, four rental units, and a coveted South Hill location just minutes from Ithaca College.
The owner's unit is like a private home not an apartment, featuring a spacious kitchen with maple cabinetry, granite countertops, and a breakfast bar, an inviting living room centered around a classic brick fireplace, a sun-filled bonus room perfect for a home office or reading nook, and direct access to an expansive covered patio.
The property includes three units within the main house along with a detached two-story bungalow, creating four distinct income opportunities. Two tenants are secured through July 2027, providing dependable long-term income, while the first-floor unit and lower-level apartment offer immediate flexibility for an owner-occupant.
This property is being sold As-Is, eliminating negotiation friction and accelerating your path to closing. To make your transaction seamless, professional home inspections and radon tests have already been completed for both structures. The reports are available for review, allowing you to bypass the usual multi-week inspection delays and secure your financing with total clarity.
Heat, water/sewer, and trash are currently landlord-maintained on two building-level meters — a new owner may choose to separate utilities. Stop renting. Start building equity....
Contact an agent
Home facts
- Year built:1945
- Listing ID #:R1694420
- Added:58 day(s) ago
- Updated:September 02, 2026 at 09:45 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Laminate, Varies, Vinyl
- Basement:Yes
- Basement Description:Finished, Full
- Living area:4,056 sq. ft.
Heating and cooling
- Cooling:Zoned
- Heating:Baseboard, Electric, Gas, Zoned
Structure and exterior
- Roof:Shingle
- Year built:1945
- Building area:4,056 sq. ft.
- Lot area:0.84 Acres
- Lot Features:Near Public Transit, Rectangular, Residential Lot
- Construction Materials:Frame
- Exterior Features:Balcony, Open, Porch
- Foundation Description:Block
Schools
- Elementary school:South Hill
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$510,000
- Price per sq. ft.:$125.74
- Tax amount:$12,147
Features and amenities
- Laundry features:Electric Water Heater
- Amenities:Balcony
Parking
- Parking description:Concrete Driveway, Gravel Driveway
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