Ithaca-City, NY 14850 502 Hudson Street

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Presented By: Andrew Schreck with Warren Real Estate of Ithaca Inc. (Downtown);
  • MLS# R1592450
  • 04/11/2025
  • Request Tour
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  • Beds • 4
  • Baths • 3
  • SQFT • 2,715
  • Garage • 3

Home Details

This unique three-unit investment property offers an excellent opportunity in one of Ithaca's most sought-after neighborhoods. Situated on a corner lot near South Hill Elementary School, the property is fully rented through July 2026, providing easy access to public transportation and is consistently 100% rented due to its proximity to both Cornell University and Ithaca College. Residents enjoy a short walk to the Commons, Ithaca's downtown hub, and direct access to the South Hill Recreation Trail across the street. The third floor has been completely remodeled in 2022. A detached three-car garage and ample off-street parking add further convenience and value to this turn-key investment property. Whether you are a seasoned investor or looking for your first multifamily property, this is a rare find in a high-demand area!
Presented By: Andrew Schreck with Warren Real Estate of Ithaca Inc. (Downtown);

Interior Features for 502 Hudson Street

Bedrooms

Main Level Bedrooms2
Total Bedrooms4

Bathrooms

Half Baths0
Main Level Bathrooms1
Total Baths3

Other Interior Features

BasementFull, SumpPump
Basement (Y/N)Yes
Fireplace Y/NYes
FlooringCarpet, Hardwood, Other, SeeRemarks, Varies, Vinyl
Heating Y/NYes
Interior AmenitiesSeparateFormalLivingRoom, Other, SeeRemarks, NaturalWoodwork
Total Fireplaces1
Total Stories2

General for 502 Hudson Street

AppliancesDryer, Dishwasher, ExhaustFan, GasOven, GasRange, Refrigerator, RangeHood, SeeRemarks, WaterHeater, Washer
Architectural StyleTwoStory
Attached Garage No
CityIthaca-City
Construction MaterialsVinylSiding, WoodSiding, CopperPlumbing, PexPlumbing
CountyTompkins
DirectionsYellow house on the corner of Hudson St and Hillview.
Elementary SchoolSouth Hill
Elementary School DistrictIthaca
Full Baths3
Garage Spaces3.0
Garage Y/NYes
HeatingGas, Baseboard, Steam
High School DistrictIthaca
Lot Size UnitsAcres
MLS AreaIthaca-City-500700
Middle/Junior School DistrictIthaca
Number Of Units Total
Patio/Porch FeaturesOpen, Porch, Screened
PossessionCloseOfEscrow
Property ConditionResale
Property SubtypeSingleFamilyResidence
Property TypeResidential
RoofAsphalt
School DistrictIthaca
Senior Community Y/NNo
SewerConnected
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tax Annual Amount16121.0
Tax Assessed Value435000
TaxOtherAnnualAssessmentAmount0.0
Total Rooms17
TownshipNot Applicable
UtilitiesHighSpeedInternetAvailable, SewerConnected, WaterConnected
Year Built1890
Year Built DetailsExisting

Exterior for 502 Hudson Street

Building Area Total2715.0
Exterior AmenitiesBlacktopDriveway, Porch, PrivateYard, SeeRemarks
Foundation DetailsBlock
Lot Dimensions68X150
Lot FeaturesCornerLot, Rectangular, RectangularLot, ResidentialLot
Lot Size Acres0.2356
Lot Size Area0.2356
Parking FeaturesDetached, Garage
Road Frontage TypeCityStreet
Water SourceConnected, Public
WaterfrontY/NNo

Additional Details

Price History

Schools

High School N/A
Middle School N/A
Elementary School South Hill Elementary School

Mark Siwiec

CEO
Price $399,000
MLS#R1592450
List Date 04/11/2025
Property Type Contingent
Phone
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Request Info

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