129 Linden Avenue

Active

Ithaca - City NY, 14850

$1,150,000

$478.77 per sqft

Active

17 Beds

2,402 sqft

Other

Built in 1980

Discover a rare opportunity to own a fully-leased, income-generating 8-bedroom rental home located just steps away from the heart of Cornell University's vibrant Collegetown in Ithaca, NY. This prime investment property is perfectly positioned to capitalize on the strong demand for student housing, offering consistent cash flow and significant upside potential through strategic value-add enhancements. Adjacent property at 133 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.

R1583611

MLSⓇ ID

January 9, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 17
Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Washer
Floor Description: Hardwood, Luxury Vinyl, Varies
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Gas, Forced Air

Exterior/Building Features

Lot Size: 0.12 Acres
Exterior Features: Blacktop Driveway, Deck, Gravel Driveway
Lot Features: Near Public Transit, Rectangular
Roof: Asphalt, Shingle
Sewer: Connected
Patio And Porch: Deck

School Information

School District: Ithaca
High School: Ithaca Senior High
Elementary School: Belle Sherman

Other Property Details

Area Name: Ithaca-City-500700
Taxes: $20,860
Tax Frequency: Annually
Days on Market: 3
Garage: No
Parking: Three or more Spaces, No Garage
View: No
County: Tompkins
Municipality: Not Applicable
Water Source: Connected, Public
Pool: No
Utilities: Sewer Connected, Water Connected

Courtesy of Howard Hanna S Tier Inc, Kyle Steele

Disclaimer: Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Ellen O'Connor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings are marked with the IDX logo and include the Listing Broker’s Firm Name.

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Ellen O'Connor, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Data last updated 7:53 PM UTC, 2/21/2025