Multi-Family Investment Near Cornell & Sapsucker Woods
Don't miss this fully rented, well-maintained multi-family property just minutes from Cornell University and the renowned Sapsucker Woods bird sanctuary. Offering strong cash flow and long-term potential, this opportunity features four desirable units:
Two 2-bedroom, 1.5-bath apartments
Two 1-bedroom, 1-bath apartments
Each unit is equipped with in-building washer/dryer, dishwasher, and ample parking. Large back and side yard with plenty of room for picnics and play.
Fully rented with a great rental history.
Located close to scenic trails, world-class birdwatching, and all that Ithaca has to offer, this is a smart investment in a sought-after area with built-in stability and future upside.
Highlights:
4 units (2x 2BR/1.5BA, 2x 1BR/1BA)
Strong rental history & long-term tenants
Minutes to Cornell University & Sapsucker Woods
A rare opportunity to own a low-maintenance, income-generating property in a prime Ithaca location.erty in a prime Ithaca location.
Closed
$395,000
116 Sapsucker Woods Rd, Ithaca, NY 14850
6beds
3,078sqft
Quadruplex, Multi Family
Built in 1975
-- sqft lot
$401,100 Zestimate®
$128/sqft
$1,640 Estimated rent
Home value
$401,100
Estimated sales range
Not available
$1,640/mo
Zestimate® history
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Owner options
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$1,640/mo
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Rent Zestimate®
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$2,715/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: November 21, 2025 at 05:20am
Listed by:
Hallie Magden 607-227-2139,
Howard Hanna S Tier Inc
Bought with:
David A Barken, 10401313416
Howard Hanna S Tier Inc
Source: NYSAMLSs,MLS#: R1622287
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Gas, Baseboard, Hot Water
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Carpet, Varies, Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,078
- Total interior livable area: 3,078 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Paved, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.40 Acres
- Dimensions: 100 x 175
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 50308907000000100030140000
- Zoning description: Residential Multi Use
- Special conditions: Estate
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Block
- Roof: Asphalt
Condition
- Resale
- Year built: 1975
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Trails/Paths
Location
- Region: Ithaca
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $395,000-12.2%$128/sqft |
Source:  NYSAMLSs #R1622287 Report a problem | ||
| 8/14/2025 | Pending sale | $450,000$146/sqft |
Source: NYSAMLSs #R1622287 Report a problem | ||
| 7/21/2025 | Contingent | $450,000$146/sqft |
Source: NYSAMLSs #R1622287 Report a problem | ||
| 7/17/2025 | Listed for sale | $450,000+41.1%$146/sqft |
Source: NYSAMLSs #R1622287 Report a problem | ||
| 11/20/2024 | Listing removed | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Northeast Ithaca
Nearby schools
GreatSchools rating
- 7/10Northeast Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10Dewitt Middle SchoolGrades: 6-8Distance: 1 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Northeast
- Middle: Dewitt Middle
- High: Ithaca Senior High
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Tompkins County
- Ithaca
- 14850
- Northeast Ithaca
- 116 Sapsucker Woods Rd