Address
202 Lake Street, Ithaca City, NY
Price
$ 525,000
Property Attributes
- MLS#R1694445
- Type
- Listing Status Active
- CountyTOMPKINS
- CityIthaca City
- AreaIthaca-City
- NeighborhoodSection 28
- Zip14850
- StyleTriplex
- Year Built1870
- Taxes$ 17185
- Price$ 525,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1704
- Lot Size0.18 Acres
Data Source:
Greater Rochester AOR (GRAR)
Property Description
Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in the basement with access available to all tenants. A current Certificate of Compliance is in place. This property also presents an excellent option for an owner-occupant to live in one unit while renting the others to help offset expenses and supplement income. Conveniently located near downtown, shopping, dining, and public transportation, this multi-unit property offers both long-term value and flexibility. A rare opportunity to own a quality income-producing property in a desirable Ithaca location.
| Elementary School | Middle School | High School |
|---|---|---|
| Fall Creek Elementary | Boynton Middle | Ithaca Senior High |
| Price History | |
|---|---|
| 6/28/2026 | Listed $525,000 |
General Features
| Sewer | Connected |
|---|---|
| Heating | Gas,ForcedAir |
| Utilities | ElectricityConnected,SewerConnected,WaterConnected |
| Possession | Closing |
| Roof | Asphalt |
| Appliances | GasWaterHeater |
| Garage Spaces | 0.0 |
| Patio/Porch Features | Covered,Deck,Open,Porch |
| Architectural Style | Triplex |
| Construction Materials | VinylSiding |
| School District | Ithaca |
| Year Built | 1870 |
| Stories Count | 2 |
| Township | Not Applicable |
| Levels | Two |
| Property Subtype | MultiFamily |
| Gross Income | 54194.0 |
| OwnerPays | Heat,HotWater,SnowRemoval |
| County | Tompkins |
| Property Type | Residential |
| Subdivision Name | Section 28 |
| Rent Includes | Heat,HotWater,SnowRemoval |
| Full Baths | 3 |
| Status | Active |
| Directions | From Rte 13/ Meadow St,heading North,turn right on W Lincoln St,and then right on Lake St. The House will be on your right. |
| High School | Ithaca Senior High |
| City | Ithaca City |
| Senior Community Y/N | No |
| High School District | Ithaca |
| Number Of Units Total | 3 |
| MLS Area | Ithaca-City-500700 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 7841.0 |
| Elementary School | Fall Creek Elementary |
| Year Built Details | Existing |
| Tax Annual Amount | 17185.0 |
| Middle/Junior High School | Boynton Middle |
| Property Condition | Resale |
| Standard Status | Active |
| Middle/Junior School District | Ithaca |
| Elementary School District | Ithaca |
| Tax Assessed Value | 360000 |
| TaxOtherAnnualAssessmentAmount | 0.0 |
| Tax Lot | 7 |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Hardwood,Laminate,Varies,Vinyl |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 4 |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Deck |
|---|---|
| Parking Features | Gravel,TwoOrMoreSpaces,Unpaved |
| Lot Features | CornerLot,IrregularLot,ResidentialLot |
| Water Source | Connected,Public |
| Lot Size Area | 0.18 |
| Foundation Details | Block,Stone |
| Building Area Total | 1704.0 |
| Lot Dimensions | 44X117 |
| Lot Size Acres | 0.18 |
| Waterfront Y/N | No |
| Number of Separate Gas Meters | 1 |
| Number of Separate Electric Meters | 4 |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Average in 14850
Price
Taxes
Year Built
Visits
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than The Finger Lakes Team, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than The Finger Lakes Team, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor The
Elmira-Corning Regional Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
