Excellent opportunity to live downtown while generating income, or own a proven investment property! This well-maintained Greek Revival duplex features two spacious 3-bed, 1-bath units, allowing you to pay your taxes – and part of your mortgage - with rental income.
Highlights: Prime Location – Minutes to Farmers Market, GreenStar, Cayuga Medical, The Commons & more. Updated Kitchens and Baths – Includes a renovated bathroom w/new stone-tiled shower in the lower unit, fresh paint, and a beautifully renovated kitchen. Spacious and full of character – High ceilings, historic charm, and modern updates. Extra storage– Two large, durable sheds for owners & tenants. Separate utilities – Ideal for investors or owner-occupiers. Easy commute – Quick access to Cornell; bus routes nearby. Lovingly owner-occupied for many years, this home has been kept with an extra level of care. Sweet private fenced backyard is low maintenance and perfect to sit, relax in the sun, and grill.
Closed
$415,000
206 3rd St, Ithaca, NY 14850
6beds
2,600sqft
Duplex, Multi Family
Built in 1864
-- sqft lot
$422,100 Zestimate®
$160/sqft
$2,239 Estimated rent
Home value
$422,100
$350,000 - $511,000
$2,239/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 20, 2025 at 01:07pm
Listed by:
Hilda Moleski 607-220-3369,
Warren Real Estate of Ithaca Inc. (Downtown)
Bought with:
Garrett Venuto, 10401360100
Warren Real Estate of Ithaca Inc.
Source: NYSAMLSs,MLS#: R1587304
Originating MLS: Ithaca Board of Realtors
Originating MLS: Ithaca Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Ceiling Fan(s), Bedroom on Main Level
- Flooring: Carpet, Laminate, Luxury Vinyl, Varies
- Basement: Exterior Entry,Full,Walk-Up Access
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Parking
- Parking features: Two or More Spaces
Accessibility
- Accessibility features: Accessible Bedroom, No Stairs
Features
- Levels: Two
- Stories: 2
- Exterior features: Fence, Private Yard, See Remarks
- Fencing: Partial
Lot
- Size: 3,920 sqft
- Dimensions: 55 x 72
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 44.57
- Zoning description: Residential 2 Unit
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Frame, Other, Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- Resale
- Year built: 1864
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances
Community & neighborhood
Location
- Region: Ithaca
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $415,000-3.3%$160/sqft |
Source:  NYSAMLSs #R1587304 | ||
| 4/14/2025 | Contingent | $429,000$165/sqft |
Source: NYSAMLSs #R1587304 | ||
| 3/11/2025 | Price change | $429,000-1.4%$165/sqft |
Source: NYSAMLSs #R1587304 | ||
| 2/27/2025 | Price change | $435,000-3.1%$167/sqft |
Source: NYSAMLSs #R1587304 | ||
| 2/5/2025 | Listed for sale | $449,000+64.5%$173/sqft |
Source: NYSAMLSs #R1587304 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $380,000 +3% |
| 2023 | -- | $369,000 +10.1% |
| 2022 | -- | $335,000 +15.5% |
Find assessor info on the county website
Neighborhood: 14850
Nearby schools
GreatSchools rating
- 4/10Beverly J Martin Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Boynton Middle SchoolGrades: 6-8Distance: 1.1 mi
- 9/10Ithaca Senior High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Beverly J Martin Elementary
- District: Ithaca
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.