204-206 Linden AVE Ithaca, NY 14850
6 Beds
2 Baths
2,044 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,044 sqft
Price per Sqft $562
MLS Listing ID R1654541
Style Duplex
Bedrooms 6
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1975
Annual Tax Amount $11,355
Lot Size 4,856 Sqft
Acres 0.1115
Lot Dimensions 54X88
Property Sub-Type Multi Family
Property Description
The existing improvements consist of two well-configured three-bedroom, one-bath residential units, each benefiting from a functional layout that aligns perfectly with the Collegetown rental market. The property is fully leased for the 2025–2026 academic year, providing secure, predictable cash flow from day one. What truly distinguishes 204–206 Linden Avenue, however, is its City of Ithaca CR-4 zoning, which allows for redevelopment of up to four stories of apartments. This zoning classification places the property squarely within the city's highest-intensity residential corridor, where increased density is not only permitted but actively encouraged as part of Ithaca's long-term housing and planning goals.
Collegetown remains Ithaca's most proven micro-market for multifamily investment. Its proximity to Cornell's academic core, research facilities, retail, dining, and transit infrastructure makes it a perennial favorite for tenants and investors alike.
Location
State NY
County Tompkins
Area Ithaca-City-500700
Direction Linden Ave, west side of street between Bool and Dryden.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Deck
Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Porch Deck
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Stucco,Wood Siding
Construction Status Existing
Schools
Elementary Schools Belle Sherman
Middle Schools Dewitt Middle
High Schools Ithaca Senior High
School District Ithaca
Others
Senior Community No
Tax ID 500700-067-000-0001-007-000-0000
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES