506 Seneca StIthaca, NY 14850

For Sale
$720,000

Six-unit building near Cornell

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional six-unit multifamily property, located at 506 E Seneca St in Ithaca, NY, presents a compelling investment opportunity. Built in 1895 and situated on a 0.21-acre lot, this charming building boasts 4,168 square feet of living space. Its prime location in the heart of College Town places it within easy walking distance of Cornell University and downtown Ithaca, ensuring high occupancy rates and strong rental income. The property's historic character is complemented by modern conveniences, making it an attractive option for students. Six convenient parking spaces are included, a significant advantage in a bustling college town. The asking price is $720,000. This well-maintained property offers a blend of historical charm and modern practicality, making it an ideal investment for those seeking a stable and potentially lucrative return in a desirable location. The property is currently owner-occupied. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving college market. The property's strong location and existing infrastructure make it a low-maintenance investment with high potential for future appreciation. The building's history adds to its unique appeal, offering a blend of character and modern convenience. This is a turnkey investment ready for immediate income generation.

Highlights

  • $720,000 asking price.
  • Six-unit multifamily property.
  • 4,168 square feet.
  • Built in 1895.
  • 0.21-acre lot.
  • Located in Ithaca, NY, near Cornell University and downtown.

Property Details for 506 Seneca St

Property type
Multifamily properties, Dormitories
Square Feet
4,168 SF
Year Built
1895
Lot Size (sq. ft)
9,148 SF
Units
6

Location Insight

City
Ithaca
County
Tompkins
State
New York
Latitude
42.4408708
Longitude
-76.4916919
506 Seneca St, Ithaca, New York

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506 Seneca St
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