Exceptional opportunity to own a duplex in one of Ithaca's most convenient locations! Just minutes from Wegmans, the Ithaca Commons, Cornell University, Ithaca College, shopping, restaurants, and public transportation, this property offers the lifestyle and convenience tenants and owner-occupants are looking for. The main-level two-bedroom apartment is vacant and ready for its next owner or tenant, making it an excellent option for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental potential. The upper-level one-bedroom apartment is currently occupied by a month-to-month tenant, providing immediate income with future flexibility. Outside, enjoy a private side patio, a rear deck with seasonal inlet views during the fall and winter months, and one off-street parking space. A newer roof adds additional value and peace of mind. Whether you're expanding your investment portfolio or searching for a property that combines homeownership with rental income, 121 Elm Street is a fantastic opportunity in a highly desirable Ithaca location.