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Executive Summary

Offered for the first time in nearly half a century, this exceptionally well-maintained multifamily portfolio has been in the same family for 49 years. The property includes a total of 19 fully rented apartment units, each with dedicated parking. Located in the heart of Ithaca - close to public transportation, shopping, restaurants, Ithaca College, and Cornell University. This is an unbeatable investment in one of the most sought -after rental markets in the area. Addresses included: 204, 206, 208, & 210 W Spencer Street, Package Price of 2.1M. Long - term care, numerous updates, a prime location, and strong rental history make this a rare opportunity you won't want to miss.

Property Facts

Price $2,719,216 CAD
Price Per Unit $143,117 CAD
Sale Type Investment
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.58 AC
Building Size 16,674 SF
No. Stories 3
Year Built 1975

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 500700-093-000-0006-009-000-0000
  • 500700-093-000-0006-008-000-0000
Land Assessment
$132,076 CAD
Improvements Assessment
$1,744,789 CAD
Total Assessment
$1,876,864 CAD
  • Listing ID: 38529321

  • Date on Market: 2025-11-21

  • Last Updated:

  • Address: 204 W Spencer St, Ithaca, NY 14850

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