502 Hudson Street Ithaca, NY 14850
Listing by: NYS ALLIANCE / Warren Real Estate / Andrew "Andy" Schreck - Contact:  585-802-7827

  502 Hudson Street Ithaca, NY 14850

Active (4 Days)
$419,000
4
BED
3
BATH
2,715
SQFT

Description

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!

MLS #:
R1592453
Taxes
$22,344
Lot Size
10,263 SQFT
Type
Multifamily
Year Built
1890
Style
Triplex
School District
Ithaca
County
Tompkins County

Listed By

Andrew "Andy" Schreck, Warren Real Estate, Contact: 585-802-7827
Source
NYS ALLIANCE
Last checked Apr 15 2025 at 10:48 PM GMT-0500
Bathroom Details
Interior Features
  • Natural Woodwork
  • See Remarks
  • Water Heater
Lot Information
  • Corner Lot
  • Rectangular
  • Residential Lot
Property Features
  • Fireplace: 1
  • Foundation: Block
Heating and Cooling
  • Baseboard
  • Gas
  • Steam
Basement Information
  • Full
  • Sump Pump
Flooring
  • Hardwood
  • Other
  • See Remarks
  • Varies
  • Vinyl
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected, Water Source: Connected, Water Source: Public
  • Sewer: Connected
School Information
  • Elementary School: South Hill
Parking
  • Garage
  • Paved
Living Area
  • 2,715 sqft
Additional Information: Ithaca Downtown Office | 585-802-7827

Listing Brokerage Notes
Buyer Brokerage Compensation: 3%
*Details provided by the brokerage, not MLS (Multiple Listing Service). Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Mortgage calculator estimates are provided by Warren Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 New York State Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/15/25 15:48