Excellent investment opportunity within minutes of the Ithaca Commons. 8 unit apartment complex on over 2 acres of park-like surroundings. Each apartment has 2 bedrooms with a full and a half bathroom. Ten minutes to Cornell University. This investment property generates approximately $100,000 /year in rent. Coin-op laundry conveys with sale and provides additional income. These apartments are housed in two two-story buildings and offer 7200 total square feet of rentable space. Coin-op laundry on the first floor of one of the two buildings.
Closed
$775,200
192-198 Pinckney Rd, Ithaca, NY 14850
8beds
0baths
7,200sqft
Multi Family
Built in 1980
-- sqft lot
$806,500 Zestimate®
$108/sqft
$1,611 Estimated rent
Home value
$806,500
$669,000 - $968,000
$1,611/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 26, 2025 at 02:03pm
Listed by:
Richard Glabach 607-257-0666,
Warren Real Estate of Ithaca Inc. (Downtown)
Bought with:
Andrew Schreck, 10401361299
Warren Real Estate of Ithaca Inc. (Downtown)
Source: NYSAMLSs,MLS#: R1528678
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Gas, Baseboard
Appliances
- Included: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Laundry: Coin-operated
Features
- Flooring: Hardwood, Varies, Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Property
Parking
- Parking features: One and One Half Spaces, Driveway
Features
- Levels: Two
- Stories: 2
- Exterior features: Blacktop Driveway, Private Yard, See Remarks
Lot
- Size: 2.15 Acres
- Dimensions: 340 x 275
Details
- Additional structures: Barn(s), Outbuilding
- Parcel number: 42.140.112
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Block, Frame, Concrete
- Foundation: Slab
- Roof: Asphalt
Condition
- Resale
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Community
- Community features: Laundry Facilities
Location
- Region: Ithaca
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2024 | Sold | $775,200-2.5%$108/sqft |
Source:  NYSAMLSs #R1528678 | ||
| 8/23/2024 | Contingent | $795,000$110/sqft |
Source:  ITMLS #R1528678 | ||
| 8/16/2024 | Price change | $795,000-9.1%$110/sqft |
Source: ITMLS #R1528678 | ||
| 8/5/2024 | Price change | $875,000-10.3%$122/sqft |
Source: ITMLS #R1528678 | ||
| 6/24/2024 | Listed for sale | $975,000$135/sqft |
Source: ITMLS #R1528678 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 5/10Freeville Elementary SchoolGrades: K-3Distance: 3.5 mi
- 5/10Dryden Middle SchoolGrades: 6-8Distance: 5.1 mi
- 6/10Dryden High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Freeville Elementary
- District: Dryden
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.