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204 W Spencer St 19 Unit Apartment Building $2,100,000 ($110,526/Unit) Ithaca, NY 14850
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 | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,526 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| No. Units | 19 | Building Size | 16,674 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $2,100,000 |
| Price Per Unit | $110,526 |
| 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
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Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,255,000 | |
| Land Assessment | $95,000 | Total Assessment | $1,350,000 |
Property Taxes
Parcel Numbers
Land Assessment
$95,000
Improvements Assessment
$1,255,000
Total Assessment
$1,350,000
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204 W Spencer St
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