137 Fayette StreetIthaca City, NY, 14850

Completely reimagined from the studs up in 2023, this beautifully renovated downtown Ithaca home offers the character and location of an established city neighborhood with the comfort, finishes, and major systems of essentially new construction. Even better, a separate one-bedroom apartment creates an exceptional opportunity for supplemental income while enjoying the main residence as your own. The primary living space features an open-concept layout with soaring ceilings, generous living areas, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful details, including oversized live-edge wood window sills, bring warmth and character to the modern finishes throughout. The separate one-bedroom apartment offers its own open kitchen and living area, spacious bedroom, and en-suite full bath, all finished to the same high standard as the main home. Use it to generate rental income, create space for extended family or guests, or simply enjoy the flexibility of an additional independent living space. The property may also offer potential for conversion to a larger single-family residence, subject to City approval and buyer verification. The 2023 renovation was extensive, with major systems replaced and structural improvements completed throughout, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Beautiful tile backsplashes, custom tiled showers, and quality materials create a level of finish rarely found in downtown Ithaca homes. Ask your agent for the complete renovation list. Outside, a welcoming wraparound porch overlooks the corner lot, while valuable off-street parking makes downtown living that much easier. Walk to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers, all while enjoying the added benefit of a property located outside the flood zone. For a buyer who wants a beautifully finished Ithaca home without giving up financial flexibility, this is a rare combination: live in the main residence while the additional apartment helps offset the cost of ownership. Turnkey, move-in ready, and designed to offer options for years to come.