Here's a solid investment opportunity in the heart of Ellis Hollow, just minutes from Cornell's Vet School! First time on the market since 1998, this is a side-by-side 4-unit rental property that is fully rented through July 31, 2026 earning $64,800 annual gross income! Attractive log design with covered front porch with ample parking for tenants and guests. Each unit is rented for $1,350 + utilities and are in great condition overall. Main level spaces in each unit include a living room open to kitchen and full bath with tub/showers. Upstairs there is 1 bedroom plus a large office room/sitting room. Outside space for tenants in each unit too - concrete back patios with privacy walls between each unit. Oversized 1.47 acre lot with wooded views. Many recent improvements including septic (2024), well pump (2022), windows, roofing. The owners have taken great care of this property throughout the years. They also lived in Unit 4 upon first purchase so it's a flexible option for a new owner. Unit 1 may be vacating to allow owner occupancy earlier than July (tenant is still obligated to pay lease through July otherwise). Fully rented throughout the years with no significant vacancy rates!
Active
$570,000
1283 Ellis Hollow Rd, Ithaca, NY 14850
1beds
2,713sqft
Quadruplex, Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$210/sqft
$-- HOA
What's special
Covered front porchAttractive log design
- 9 hours |
- 461 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: 16 hours ago
Listing by:
Warren Real Estate of Ithaca Inc. 607-257-0666,
Christine Delvecchio 607-227-3016
Source: NYSAMLSs,MLS#: R1668595
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 4
Heating
- Gas, Other, See Remarks, Wall Furnace
Cooling
- Other, See Remarks
Appliances
- Included: Gas Water Heater
Features
- Natural Woodwork
- Flooring: Carpet, Ceramic Tile, Varies, Vinyl
- Windows: Thermal Windows
- Basement: Crawl Space
- Number of fireplaces: 4
Interior area
- Total structure area: 2,713
- Total interior livable area: 2,713 sqft
Video & virtual tour
Property
Parking
- Parking features: Gravel, Parking Available
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
Lot
- Size: 1.47 Acres
- Dimensions: 208 x 512
- Features: Irregular Lot
Details
- Parcel number: 67.164.2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Log, Wood Siding, Copper Plumbing, PEX Plumbing
- Foundation: Block
- Roof: Asphalt,Membrane,Rubber,Shingle
Condition
- Resale
- Year built: 1985
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, High Speed Internet Available
Green energy
- Energy efficient items: Appliances, Windows
Community & HOA
Location
- Region: Ithaca
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $345,000
- Annual tax amount: $8,774
- Date on market: 3/23/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Listed for sale | $570,000+408.9%$210/sqft |
Source:  NYSAMLSs #R1668595 Report a problem | ||
| 12/19/2024 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 8/20/2024 | Listed for rent | $1,300+8.3% |
Source: Zillow Rentals Report a problem | ||
| 7/13/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/27/2023 | Listed for rent | $1,200+26.3% |
Source: Zillow Rentals Report a problem | ||
| 7/2/2020 | Listing removed | $950 |
Source: Landlords Association Report a problem | ||
| 6/16/2020 | Price change | $950-2.6% |
Source: Landlords Association Report a problem | ||
| 5/9/2020 | Listed for rent | $975 |
Source: Landlords Association Report a problem | ||
| 2/12/1998 | Sold | $112,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $345,000 +81.6% |
| 2023 | -- | $190,000 |
| 2022 | -- | $190,000 |
| 2021 | -- | $190,000 |
| 2020 | -- | $190,000 |
| 2019 | -- | $190,000 |
| 2018 | -- | $190,000 +5.6% |
| 2017 | $5,169 | $180,000 |
| 2016 | -- | $180,000 |
| 2015 | -- | $180,000 +10.4% |
| 2014 | -- | $163,000 |
| 2013 | -- | $163,000 |
| 2012 | -- | $163,000 +3.2% |
| 2011 | -- | $158,000 |
| 2010 | -- | $158,000 |
| 2009 | -- | $158,000 |
| 2008 | -- | $158,000 |
| 2007 | -- | $158,000 |
| 2006 | -- | $158,000 +5.3% |
| 2005 | -- | $150,000 +7.1% |
| 2004 | -- | $140,000 |
| 2003 | -- | $140,000 +16.7% |
| 2002 | -- | $120,000 |
| 2001 | -- | $120,000 |
| 2000 | -- | $120,000 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 14850
Nearby schools
GreatSchools rating
- 4/10Belle Sherman SchoolGrades: PK-5Distance: 2.5 mi
- 6/10Dewitt Middle SchoolGrades: 6-8Distance: 3.7 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Caroline Elementary
- 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.
Local experts in 14850
- New York
- Tompkins County
- Ithaca
- 14850
- 1283 Ellis Hollow Rd
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