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Property view

1283 Ellis Hollow Road, 
Ithaca, NY 14850

$545,000


4

Beds


4

Baths


2,713

Sq Ft


Multi-Family

Sold

Listed by

Christine Delvecchio

Bought with Warren Real Estate of Ithaca Inc. (Downtown)

Warren Real Estate Of Ithaca Inc.

607-257-0666

MLS#

R1668595

Source:

NY GENRIS

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About This Home

1283 Ellis Hollow Road

Here's a solid investment opportunity in the heart of Ellis Hollow, just minutes from Cornell's Vet School! First time on the market since 1998, this is a side-by-side 4-unit rental property that is fully rented through July 31, 2026 earning $64,800 annual gross income! Attractive log design with covered front porch with ample parking for tenants and guests. Each unit is rented for $1,350 + utilities (all separate) and are in great condition overall. Main level spaces in each unit include a living room open to kitchen and full bath with tub/showers. Upstairs there is 1 bedroom plus a large office room/sitting room. Outside space for tenants in each unit too - concrete back patios with privacy walls between each unit. Oversized 1.47 acre lot with wooded views. Many recent improvements including septic (2024), well pump (2022), windows, roofing. The owners have taken great care of this property throughout the years. They also lived in Unit 4 upon first purchase so it's a flexible option for a new owner. Unit 1 may be vacating to allow owner occupancy earlier than July (tenant is still obligated to pay lease through July otherwise). Fully rented throughout the years with no significant vacancy rates!

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1985

Price Summary

570,000

$210 per Sq. Ft.

MLS #:

R1668595

Sold:

June 17, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,713 Sq. Ft.


Structure

Structure

Architectural Style:

Fourplex

Building Area:

2,713 Sq. Ft.

Year Built:

1985


Lot

Lot Size (Sq. Ft):

64,033


Finances & Disclosures

Finances

Price:

$570,000

Price per Sq. Ft:

$210 per Sq. Ft.

Source:NY GENRIS
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