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Property at 408-12 Hillview Place, Ithaca City, NY 14850
ACTIVE
0
$1,350,000

408-12 Hillview PlaceIthaca City, NY, 14850

13 Beds5 Baths5,954 SqFt0.11 Acres
Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms. The property provides ample off-street parking along with a five-bay garage, offering additional income potential or utility space. The property is well-suited for student housing or multi-unit leasing, offering a strong rental history and consistent demand in the vibrant Ithaca market. Well-maintained and thoughtfully arranged for maximum occupancy and convenience, this property represents a rare chance to secure immediate income and long-term value in one of upstate New York’s most resilient rental markets. This asset offers both immediate cash flow and long-term value appreciation. The property’s multi-building composition allows for diverse leasing structures and simplified management under a single parcel. An exceptional portfolio addition or stand-alone investment, this property positions new ownership to capture stable returns in one of New York’s most reliable rental markets.
1 / 50

Est. Monthly

$6,399/mo

$1,350,000

408-12 Hillview Place, Ithaca City, NY

13 Beds5 Baths5,954 SqFt0.11 Acres

Prime Multi-Building Investment Property Near Cornell University and Ithaca College. Exceptional opportunity to acquire a high-performing student housing complex ideally located near Cornell University and Ithaca College. This unique offering includes three buildings on a single tax parcel—two spacious houses and one apartment building—featuring a total of 16 bedrooms. The property provides ample off-street parking along with a five-bay garage, offering additional income potential or utility space. The property is well-suited for student housing or multi-unit leasing, offering a strong rental history and consistent demand in the vibrant Ithaca market. Well-maintained and thoughtfully arranged for maximum occupancy and convenience, this property represents a rare chance to secure immediate income and long-term value in one of upstate New York’s most resilient rental markets. This asset offers both immediate cash flow and long-term value appreciation. The property’s multi-building composition allows for diverse leasing structures and simplified management under a single parcel. An exceptional portfolio addition or stand-alone investment, this property positions new ownership to capture stable returns in one of New York’s most reliable rental markets.

StatusActive
Property TypeResidential
Property SubtypeMulti Family
Year Built1980
Days on Market118 days

Est. Monthly Payment

$6,398.97

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

408-12 Hillview Place

Ithaca City, NY 14850 • Tompkins
13
Beds
5
Baths
5,954
SqFt
0.11
Acres
Status
Active
Property Type
Residential
Property Subtype
Multi Family
Year Built
198046 years ago
Days on Market
118 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $25,654
Property History
  • Listed for sale
    Jan 27, 2026 • NYSAMLS • R1650340
    $1,350,000
Mortgage Calculator
Estimated monthly payment for this property
$6,398.97
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    NYSAMLS
  • MLS#
    R1650340
  • Listing Office
    Berkshire Hathaway Home Services Heritage Realty
  • Last Updated
    66 days ago

Appliances

  • Appliances
    Gas Water Heater

Climate & Systems

  • Heating
    • Electric
    • Gas
    • Baseboard
    • Forced Air

Interior Features

  • Flooring
    • Carpet
    • Ceramic Tile
    • Hardwood
    • Laminate
    • Tile
    • Varies
    • Vinyl
  • Basement
    • Full
    • None
    • Sump Pump
  • Windows
    Storm Windows
  • Interior Features
    • Ceiling Fans
    • Other
    • See Remarks
    • Storage
    • Natural Woodwork
    • Bedroom On Main Level

Parking

  • Parking Features
    • Common
    • Garage
    • Paved
    • Parking Available
    • Two Or More Spaces
  • Garage Spaces
    5

Lot & Grounds

  • Lot Size
    0.11 acres
  • Lot Features
    • Near Public Transit
    • Rectangular
    • Rectangular Lot
    • Residential Lot
  • Patio & Porch
    • Covered
    • Porch

Type

  • Property Type
    Residential
  • Property Subtype
    Multi Family

Structure

  • Construction
    • Blown In Insulation
    • Block
    • Frame
    • Other
    • Concrete
    • Stucco
    • Wood Siding
  • Roof
    • Architectural
    • Shingle
  • Foundation
    • Block
    • Poured

Condition

  • Year Built
    1980
  • Condition
    Resale
  • Days on Market
    118 days
  • Water
    Connected
  • Sewer
    Connected
  • Utilities
    • Electricity Connected
    • High Speed Internet Available
    • Sewer Connected
    • Water Connected

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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