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190 Lower Creek Road, 
Ithaca, NY 14850

$1,600,000


16

Beds


Bath


10,000

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Joan M Portzline

Berkshire Hathaway HomeServices Heritage Realty

607-428-0708

Last updated:

June 4, 2026, 11:40 PM

MLS#

S1682166

Source:

NY GENRIS

About This Home

190 Lower Creek Road

The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.

Home Facts

Multi-Family

16 Bedrooms

Built in 1980

Price Summary

1,600,000

$160 per Sq. Ft.

MLS #:

S1682166

Last Updated:

June 4, 2026, 11:40 PM

Added:

a day ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Interior

Living Area:

10,000 Sq. Ft.


Structure

Structure

Building Area:

10,000 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

108,900


Finances & Disclosures

Finances

Price:

$1,600,000

Price per Sq. Ft:

$160 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.