502 W Court ST Ithaca, NY 14850
5 Beds
3 Baths
2,262 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $152
MLS Listing ID R1716055
Style Duplex
Bedrooms 5
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1860
Annual Tax Amount $8,872
Lot Size 4,900 Sqft
Acres 0.1125
Lot Dimensions 49X100
Property Sub-Type Duplex
Property Description
If you've been waiting for the right opportunity to break into the Ithaca market or add a high-potential asset to your portfolio, 502 W Court St demands a look. Sitting right across from the lush, vibrant expanse of Washington Park, this classic 1860 duplex offers a location that simply cannot be replicated.
With 5 bedrooms, 3 bathrooms, and 2,552 square feet of versatile space—plus the convenience of dual street frontage—this property has a phenomenal footprint. It's no secret that this asset requires some TLC, but seasoned investors and savvy house-hackers know: ugly spells equity.
The 2nd-floor apartment is already generating a reliable $1,600/month with the tenant covering utilities, putting money in your pocket from day one.
The owner-occupied 1st-floor unit will be vacating, giving you a clean slate to move right in, customize your own space, and let the upstairs rent do the heavy lifting on your monthly payment.
Off-street parking in this neighborhood is a massive win, and having laundry available in both units ensures effortless tenant appeal.
Enjoy park-side living with downtown Ithaca just moments away.
Bring your a-team, seize the upside, and turn this incredible location into your smartest real estate move yet.
Location
State NY
County Tompkins
Area Ithaca-City-500700
Rooms
Basement Crawl Space
Interior
Heating Gas, Baseboard, Hot Water
Flooring Carpet, Laminate, Varies
Fireplace No
Appliance Electric Water Heater
Exterior
Exterior Feature Enclosed Porch, Porch
Utilities Available Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Metal
Porch Covered, Porch
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Frame,Stucco,Vinyl Siding
Construction Status Existing
Schools
Elementary Schools Beverly J Martin Elementary
School District Ithaca
Others
Senior Community No
Tax ID 51.-5-8
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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Nearby Locations
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