Property History
Property Type
Property Type
Property Subtype
Marketing Description
Rare opportunity to purchase 42 apartment units just outside the City of Ithaca. Generally at 100% occupancy and has excellent collection history. Recent updates to hallways. 12 apartments built in 2015 and 30 built in 1980. Near the airport and four miles from Cornell University. Professionals and grad students are the tenant base.
Ask about the 95 +/- acres adjacent to the properties. Zoned for apartments. Also next to industrial park. $500,000 savings if buyer buyers both the apartments and land. Subject to zoning and town approvals, may be possible to develop mixed use community.
Investment Highlights
- East entry into expensive to enter market
- Minutes to downtown Ithaca, Cayuga Lake, major employers, and Cornell University
- Strong occupancy
- Excellent collection history
- Possibly room to expand on the four parcels
- Discount if buyer buy adjacent 95 +/- acres
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
R2 ResidentialTwo FamilyResidential Moderate Density
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View all 95 uses
View all 95 uses Last updated Apr 7, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Christine O'Connell More PRO
•••.•••.4816
•••••tine@••••••••••.com
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