Triplex
202 Lake St · Ithaca, NY
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $691 – $1,283
Heat risk 3/10 · Minor
- Hot days now (above 94°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 1.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the A- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Schools +6.5/10.0
- Livability +3.9/5.0
- Rent growth +3.8/5.0
- Condition / age +3.8/5.0
- Appreciation +0.0/10.0
$525,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 3 units. estimate disagrees with records
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
Whether you are looking for an investment property or a sweet place to live and make passive income, you will be impressed with this beautifully maintained three unit investment property. Enjoy lake views and a convenient location close to Ithaca Falls, Fall Creek, Ithaca High School and Cornell campus. This home offers 3 spacious units, has been updated from top to bottom, and is completely turn key. Great rental history, plenty of parking, and storage as well. Apartment 1 is 2 bedroom, 1 bath; Apt 2 is studio with 1 full bath; Apt 3 is 1 bedroom, 1 bath.
Key facts
- 3 unit property
- Rental history
- Washer and dryer
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3 × 4-bed/3.0-bath units multifamily listed at $525k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $3k ($37k/yr) — positive. Per door: $1k/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($9k rent vs $525k).
- Recommended offer: $494k (6.0% below list) — sets the bar for market timing.
- Cap rate 13.4% vs local median 3.9% in Ithaca — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 77/100 on livability (#210 in NY, #3,240 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: housing C-, employment D+, cost of living D.
- Ithaca City School District (urban): math 57% / reading 71% proficiency, ranked #195 of 590 in NY (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Fall Creek Elementary School (math 37% / reading 62%, grade D, #1,085 of 2,108 statewide, top 56%, 232 students, 40% FRL); Boynton Middle School (math 36% / reading 64%, grade C, #261 of 729 statewide, top 36%, 526 students, 36% FRL); Ithaca Senior High School (math 95% / reading 95%, grade A+, #83 of 1,100 statewide, top 8%, 1,341 students, 31% FRL).
- Market conditions: Rents rising fast (+5.2%/yr); 492 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 382 units permitted in Tompkins County in 2024 (208 in 5+ unit buildings).
- At $2,835/mo per unit this rent would consume 48% of the median local household income ($71k/yr) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
- Tompkins County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 5.2% rent growth), your $147k cash investment doubles in ~5 years — after that, you're playing with house money.
Negotiation context
- It's been on market 88 days — a 6% lower offer ($494k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $415k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.62% ✓
- Cap rate
- 13.43%
- Cash-on-cash
- 25.50%
- DSCR
- 2.13
- GRM
- 5.1
CMA / ARV
- ARV (median comp)
- $659,421
- List price
- $525,000
- Delta
- -20.38%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 9 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 122-24 Linn St | 0.49mi | 4/2.0 (+1) | 1,792 (+5%) | 7mo | $320,000 | $179 | 54 |
| 5 Woodland Pl | 0.44mi | 4/2.0 (+1) | 1,834 (+8%) | 10mo | $265,000 | $144 | 49 |
| 150 Highland Ave | 0.45mi | 4/3.0 (+1) | 2,022 (+19%) | 1mo | $382,000 | $189 | 48 |
| 217-219 1st St | 0.55mi | 4/2.0 (+1) | 1,800 (+6%) | 13mo | $325,000 | $181 | 45 |
| 202 Utica St | 0.42mi | 4/2.0 (+1) | 1,832 (+8%) | 22mo | $359,000 | $196 | 40 |
| 406 W Court St | 0.81mi | 4/2.0 (+1) | 1,800 (+6%) | 10mo | $255,000 | $142 | 38 |
| 517 W Buffalo St | 1.01mi | 4/2.0 (+1) | 1,864 (+9%) | 8mo | $342,200 | $184 | 33 |
| 205 W Buffalo St | 0.80mi | 4/2.0 (+1) | 1,931 (+13%) | 3mo | $488,800 | $253 | 31 |
| 108 Fifth St | 0.82mi | 2/2.0 (-1) | 1,531 (-10%) | 13mo | $245,000 | $160 | 28 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 5.22% rent growth · sell at horizon
- IRR
- 21.6%
- Equity multiple
- 1.91×
- Total profit
- $133,422
- Equity at exit
- $78,279
- IRR
- 31.1%
- Equity multiple
- 4.10×
- Total profit
- $456,201
- Equity at exit
- $45,392
Cash invested: $147,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 15 Strongly Tenant-Friendly
- State New York
- 15 Strongly Tenant-Friendly · D+10
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 1 active · 2 under contract
- Months of supply
- 2.0 mo (50%/mo absorbed)
- Median asking
- $395,000 ($187/sqft)
- Median days on market
- 73 d
- This list price
- 100% of active listings are priced below it
- ARV vs active asking
- +106.9% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 14850
- Rents YoY
- 5.2%
- Active inventory
- 492
- Price-to-rent
- 15.4×
Monthly cashflow live
- Estimated rent
- $8,504 high interval (Pro) →
- Mortgage (P&I)
- −$2,753
- Tax from tax record
- −$622 /mo · $7,467/yr
- Insurance
- −$219
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,786
- Net cashflow
- $3,124
3-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 3× units | 4 | 3 | $8,505 |
| #1 | 4 | 3 | $2,835 |
| #2 | 4 | 3 | $2,835 |
| #3 | 4 | 3 | $2,835 |
| Total (3 units) | $8,504 | ||
Break-even live
Sensitivity live
| Price | -10% $3,421 | -5% $3,273 | +0% $3,124 | +5% $2,975 | +10% $2,827 |
|---|---|---|---|---|---|
| Rent | -10% $2,452 | -5% $2,788 | +0% $3,124 | +5% $3,460 | +10% $3,796 |
| Rate | -1.0pp $3,388 | -0.5pp $3,258 | base $3,124 | +0.5pp $2,988 | +1.0pp $2,850 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $131,250
- Closing costs
- $15,750
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 710 Stewart Ave Unit 8 Ithaca, NY | 3.0 | 1.0 | 973 | $2,250 | $2.31 | 6d | 1 | 0.12mi |
| 708 Stewart Ave Unit 2 Ithaca, NY | 3.0 | 1.0 | — | $2,350 | — | 6d | 1 | 0.13mi |
| 709 Stewart Ave Ithaca, NY | 1.0–4.0 | 1.0–2.0 | 837 | $2,697 | $3.22 | 6d | 36 | 0.15mi |
| 1007 N Aurora St Unit 1005-1 Ithaca, NY | 3.0 | 1.0 | 1000 | $1,995 | $2.00 | 6d | 1 | 0.17mi |
| 414 E Marshall St Unit 3 Ithaca, NY | 3.0 | 1.0 | — | $2,250 | — | 6d | 1 | 0.34mi |
| 414 E Marshall St Unit 2 Ithaca, NY | 4.0 | 1.5 | 1500 | $3,400 | $2.27 | 6d | 1 | 0.34mi |
| 414 E Marshall St Unit 1 Ithaca, NY | 4.0 | 1.5 | — | $3,100 | — | 6d | 1 | 0.34mi |
| 105 E York St Unit Upstairs Ithaca, NY | 3.0 | 1.0 | 1200 | $2,250 | $1.88 | 6d | 1 | 0.36mi |
| 120 Westbourne Ln Ithaca, NY | 5.0 | 1.0–2.0 | 906 | $2,514 | $2.77 | 6d | 62 | 0.45mi |
| 445 N Tioga St Unit 2 Ithaca, NY | 3.0 | 1.0 | 1117 | $700 | $0.63 | 6d | 1 | 0.47mi |
| 505 Wyckoff Rd Apt 2 Ithaca, NY | 4.0 | 2.0 | — | $3,380 | — | 6d | 1 | 0.50mi |
| 117 Renwick Dr Unit 1 Ithaca, NY | 3.0 | 2.0 | — | $3,200 | — | 6d | 1 | 0.55mi |
| 206 3rd St Unit A Ithaca, NY | 3.0 | 1.0 | 1300 | $950 | $0.73 | 6d | 1 | 0.71mi |
| 407 College Ave Apt 5C Ithaca, NY | 3.0 | 1.0 | 770 | $4,170 | $5.42 | 6d | 1 | 0.75mi |
| 401 College Ave Unit 401-2 Ithaca, NY | 4.0 | 2.5 | — | $3,600 | — | 6d | 1 | 0.76mi |
| 201 Oak Ave Ithaca, NY | 4.0 | 1.0–4.0 | — | $7,600 | — | 2d | 20 | 0.80mi |
| 201 Cayuga Park Ln Unit 3BR Ithaca, NY | 3.0 | 2.0 | 1325 | $4,040 | $3.05 | 6d | 1 | 0.84mi |
| 325 Dryden Rd Unit G03 Ithaca, NY | 3.0 | 2.0 | — | $4,800 | — | 6d | 1 | 0.87mi |
| 325 Dryden Rd Unit 305 Ithaca, NY | 5.0 | 5.0 | — | $8,500 | — | 6d | 1 | 0.87mi |
| 615 E State St Unit 1 Ithaca, NY | 3.0 | 1.0 | 1650 | $2,500 | $1.52 | 6d | 1 | 0.88mi |
| 320 Elmwood Ave Unit 101 Ithaca, NY | 3.0 | 2.0 | — | $4,950 | — | 3d | 1 | 0.89mi |
| 211 Linden Ave Ithaca, NY | 3.0 | 1.5 | 760 | $3,000 | $3.95 | 2d | 3 | 0.90mi |
| 127 College Ave Ithaca, NY | 3.0 | 1.0 | 958 | $2,885 | $3.01 | 139d | 1 | 0.92mi |
| 126 College Ave Ithaca, NY | 4.0–6.0 | 2.0 | 1240 | $900 | $0.73 | 2d | 10 | 0.93mi |
| 119 Prospect St Ithaca, NY | 3.0 | 1.0 | 1296 | $675 | $0.52 | 3d | 2 | 0.96mi |
| 312 S Aurora St Ithaca, NY | 4.0 | 2.0 | 1200 | $1,688 | $1.41 | 2d | 2 | 0.97mi |
| 121 Linden Ave Unit 1 Ithaca, NY | 3.0 | 1.0 | — | $2,600 | — | 6d | 1 | 0.98mi |
| 407 S Aurora St Ithaca, NY | 4.0 | 2.0 | 1247 | $3,200 | $2.57 | 6d | 1 | 1.02mi |
| 409 S Aurora St Ithaca, NY | 4.0 | 2.0 | 1247 | $3,200 | $2.57 | 6d | 1 | 1.02mi |
| 410 S Aurora St #2 Ithaca, NY | 3.0 | 1.0 | — | $1,775 | — | 6d | 1 | 1.03mi |
| 413 S Aurora St Unit 1 Ithaca, NY | 4.0 | 2.0 | — | $2,800 | — | 6d | 1 | 1.03mi |
| 215 Giles St Unit A Ithaca, NY | 4.0 | 1.0 | — | $2,300 | — | 6d | 1 | 1.05mi |
| 209 N Meadow St Apt B Ithaca, NY | 3.0 | 1.0 | — | $2,100 | — | 6d | 1 | 1.06mi |
| 123 Columbia St Unit 1 Ithaca, NY | 3.0 | 1.0 | — | $2,050 | — | 6d | 1 | 1.07mi |
| 105 Valentine Pl Ithaca, NY | 4.0 | 2.0 | — | $750 | — | 6d | 1 | 1.09mi |
| 513 S Aurora St Ithaca, NY | 3.0 | 1.0 | 1000 | $2,100 | $2.10 | 6d | 1 | 1.10mi |
| 517 S Aurora St Unit 2 Ithaca, NY | 3.0 | 1.0 | 1400 | $2,150 | $1.54 | 6d | 1 | 1.11mi |
| 320 Hillview Pl Ithaca, NY | 2.0–3.0 | 1.0 | 810 | $2,100 | $2.59 | 2d | 4 | 1.12mi |
| 105 Worth St #1 Ithaca, NY | 3.0 | 1.0 | 1525 | $3,600 | $2.36 | 6d | 1 | 1.13mi |
| 204 Miller St Apt E Ithaca, NY | 3.0 | 1.0 | — | $1,700 | — | 6d | 1 | 1.14mi |
Property features AI
Finance
- Financial info
- Property contains multiple rental units with current rents: $1,400; $1,300; $2,200
Exterior
- Parking
- Gravel/unpaved parking
- Utilities
- Public waterSewer connectedElectricity connected
- Home design
- Residential multi-family propertyTwo-story building
- Construction
- Vinyl sidingBlock and stone foundationAsphalt roofBuilt as a multi-family residence
- Exterior features
- DeckCovered porchPorch
Interior
- Kitchen
- Oven/rangeRefrigeratorMicrowaveDishwasher
- Bedrooms
- One 1-bedroom unitTwo-bedroom unit
- Flooring
- HardwoodLaminateVinylVaries
- Bathrooms
- Three full bathrooms totalEach unit includes one bathroom
- Heating & cooling
- Forced air heatingNatural gas heating
- Interior features
- Gas water heaterFull basement
- Laundry & utility
- Washer and dryer in units
Listing history 50 events
-
2026-09-24days on market $525,000 Active 88 DOM
-
2026-09-24days on market $525,000 Active 87 DOM
-
2026-09-22days on market $525,000 Active 86 DOM
-
2026-09-20days on market $525,000 Active 84 DOM
-
2026-09-18days on market $525,000 Active 82 DOM
-
2026-09-17days on market $525,000 Active 81 DOM
-
2026-09-16days on market $525,000 Active 80 DOM
-
2026-09-15days on market $525,000 Active 79 DOM
-
2026-09-14days on market $525,000 Active 78 DOM
-
2026-09-13days on market $525,000 Active 77 DOM
-
2026-09-12days on market $525,000 Active 76 DOM
-
2026-09-11days on market $525,000 Active 75 DOM
-
2026-09-05days on market $525,000 Active 69 DOM
-
2026-09-04days on market $525,000 Active 68 DOM
-
2026-09-03days on market $525,000 Active 67 DOM
-
2026-09-02days on market $525,000 Active 66 DOM
-
2026-08-30days on market $525,000 Active 63 DOM
-
2026-08-29days on market $525,000 Active 62 DOM
-
2026-08-28days on market $525,000 Active 61 DOM
-
2026-08-27days on market $525,000 Active 60 DOM
-
2026-08-25days on market $525,000 Active 58 DOM
-
2026-08-24days on market $525,000 Active 57 DOM
-
2026-08-23days on market $525,000 Active 56 DOM
-
2026-08-22days on market $525,000 Active 55 DOM
-
2026-08-21days on market $525,000 Active 54 DOM
-
2026-08-20days on market $525,000 Active 53 DOM
-
2026-08-19days on market $525,000 Active 52 DOM
-
2026-08-18days on market $525,000 Active 51 DOM
-
2026-08-17days on market $525,000 Active 50 DOM
-
2026-08-16days on market $525,000 Active 49 DOM
-
2026-08-15days on market $525,000 Active 48 DOM
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2026-08-14days on market $525,000 Active 47 DOM
-
2026-08-13days on market $525,000 Active 46 DOM
-
2026-08-12days on market $525,000 Active 45 DOM
-
2026-08-11days on market $525,000 Active 44 DOM
-
2026-08-10days on market $525,000 Active 43 DOM
-
2026-08-09days on market $525,000 Active 42 DOM
-
2026-08-08days on market $525,000 Active 41 DOM
-
2026-08-07days on market $525,000 Active 40 DOM
-
2026-08-06days on market $525,000 Active 39 DOM
-
2026-08-05days on market $525,000 Active 38 DOM
-
2026-08-04days on market $525,000 Active 37 DOM
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2026-08-03days on market $525,000 Active 36 DOM
-
2026-07-31days on market $525,000 Active 33 DOM
-
2026-07-29days on market $525,000 Active 31 DOM
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2026-07-27days on market $525,000 Active 29 DOM
-
2026-07-25days on market $525,000 Active 27 DOM
-
2026-07-23days on market $525,000 Active 25 DOM
-
2026-07-22days on market $525,000 Active 24 DOM
-
2026-07-21days on market $525,000 Active 23 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast NY · Partial reset (capped growth)
- Current annual tax
- $7,467 · $622/mo
- Projected year-2 tax
- $8,170 · $681/mo
- Expected delta
- +$703/yr (+$59/mo · 9.4%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
- Wind 2/10 Low 100% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $102,048
- − Mortgage interest
- −$29,408
- − Property taxes
- −$7,467
- − Insurance
- −$2,625
- − Repairs & maintenance
- −$8,164
- − Management
- −$8,164
- − Depreciation
- −$15,273
- Taxable income
- $30,948
- Est. tax owed @ 24.0%
- −$7,427
- After-tax cash flow
- $30,061/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 10 photos
This well-maintained three-unit property offers a good investment opportunity with minimal immediate work required. The exterior and interior show signs of wear that can be easily addressed with minor repairs and maintenance.
Components & finishes AI
Deferred maintenance Est. $500–$2,000 screening
- Minor Roof (roof) — No visible signs of damage or wear on the roof.
Repairs flagged
- Minor Kitchen cabinets — Slight wear and tear visible on cabinet doors.
- Minor Bathroom fixtures — Signs of wear and tear on bathroom fixtures.
Value-add opportunities
- Both Painting the exterior and interior — Fresh paint can enhance curb appeal and interior aesthetics, attracting more potential buyers or renters. ↑
- Both Landscaping improvements — A well-maintained yard can significantly increase the property's curb appeal and value. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Ithaca City School District
- NCES district ID
- 3615570
- Math proficiency
- 57% ▼ -5.00%
- Reading proficiency
- 71% ▲ 11.00%
- Median HH income
- $46,528
- Composite
- 54.01/100
- National rank
- #1397
- State rank
- #195 of 590 in NY
Livability — Ithaca
- Score
- 77/100
- State rank
- #210
- US rank
- #3240
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Ithaca, NY
- County
- Tompkins County · 113,958 people
- City population
- 68,610
- Metro
- Ithaca, NY
- Population (ZIP)
- 68,610
- Household income
- $71,445
- Rent vs Own
- Severe rent burden
- 13% of renters
Population outlook (Tompkins County) Hauer SSP2
- Today (2025)
- 113,958 people
- By 2030
- 118,774 · +4.2%
- By 2040
- 125,927 · +10.5%
- By 2050
- 133,599 · +17.2%
- By 2075
- 156,759 · +37.6%
- By 2100
- 169,896 · +49.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (68%)
- Race & ethnicity
- White 68% Asian 13% Hispanic / Latino 8% Two or more races 8% Black 4%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 2%
- Common ancestry
- Romanian 3% Italian 3% Scotch-Irish 2%
- Foreign-born
- 18% · China, Canada, South Korea
- Languages at home
- 79% English-only · Chinese 5% Spanish 4% Other Indo-European 4%
Political lean MEDSL · Tompkins
- 2024 margin
- Solid D (+50.6) · D 75.3% · R 24.7%
- 2008→2024 swing
- +8.6pp toward D · 2008: 42.1pp · 2024: 50.6pp
- All cycles
- 2024: D+50.6 2020: D+49.2 2016: D+42.1 2012: D+39.8 2008: D+42.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -276.59%
- Current HPI
- 389.7215
- Rent YoY
- ▲ 5.22%
- Metro
- Ithaca, NY
- State GDP YoY
- ▲ 2.60%
- F500 in state
- 92
Industry mix (Fortune 500 HQ in NY)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Financial Services | 10 | $950B |
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| Consumer Goods | 9 | $162B |
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| Insurance | 4 | $225B |
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| Telecommunications | 2 | $144B |
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| Pharmaceuticals | 2 | $112B |
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| Media / Entertainment | 2 | $69B |
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Price history
+433.0% since first listed19 events — show timeline
- 2026-06-28 Listed $525,000 IBRMLS
- 2026-03-06 Price Changed $550,000 IBRMLS
- 2026-02-08 Listed $595,000 IBRMLS
- 2022-04-29 Sold (MLS) $415,000 IBRMLS
- 2022-04-29 Sold (MLS) $415,000 IBRMLS
- 2022-01-03 Listed $425,000 IBRMLS
- 2022-01-03 Listed $425,000 IBRMLS
- 2014-09-11 Sold (MLS) $330,000 IBRMLS
- 2014-09-11 Sold (MLS) $330,000 IBRMLS
- 2014-09-10 Sold (Public Records) $330,000 Public Records
- 2014-07-08 Listed $310,000 IBRMLS
- 2014-07-08 Listed $310,000 IBRMLS
- 2004-09-07 Sold (MLS) $157,801 IBRMLS
- 2004-09-03 Sold (Public Records) $160,000 Public Records
- 2004-06-25 Listed $165,000 IBRMLS
- 2003-08-22 Sold (Public Records) $141,250 Public Records
- 2003-08-21 Sold (MLS) $141,250 IBRMLS
- 2003-05-08 Listed $165,000 IBRMLS
- 1995-11-02 Sold (Public Records) $98,500 Public Records
Property tax history
-1.7%/yrLatest (2025): $7,467 · +2.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…