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203 Prospect Street, 
Ithaca, NY 14850

$380,000


6

Beds


2

Baths


2,656

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Lindsay Lustick Garner

Linz Real Estate

607-227-7456

Last updated:

November 5, 2025, 03:47 PM

MLS#

R1642286

Source:

NY GENRIS

About This Home

203 Prospect Street

Exceptional fully rented 2-unit investment property located just a few blocks from Downtown's Ithaca Commons, generating a gross income of $54,000 through July 31, 2026, and $55,800 for the following year through July 31, 2027. Each apartment offers 3 bedrooms and 1 bath, featuring hardwood floors, kitchens with vintage charm, spacious living and dining areas, many vinyl windows, and convenient access to a shared washer and dryer in the main foyer. Off-street parking and a garage provide ample vehicle space, while both units share a welcoming front porch, a backyard ideal for entertaining, and a back porch and patio accessible from the second-floor apartment as well as from ground level, enhancing outdoor enjoyment. Fully furnished units are equipped with the following appliances: one gas stove and one electric stove, two refrigerators, one dishwasher, two range hoods, and shared washer/dryer in the main foyer, with tenants responsible for all utilities, including water and sewer. A current Certificate of Compliance dated 7/28/2025 is included in the attached documents. Average maintenance expenses, which also include painting, cleaning, repairs, and supplies for turnovers, calculated from the past three years, are $4,455 per year, with insurance for 2025 at $2,900 annually, accounting at $378 per year, and advertising at $145 per year. Snow removal and lawn care are handled by the owner, with only gas for the lawnmower, approximately $200 per year.

Home Facts

Multi-Family

2 Baths

6 Bedrooms

Built in 1864

Price Summary

380,000

$143 per Sq. Ft.

MLS #:

R1642286

Last Updated:

November 5, 2025, 03:47 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,656 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

2,656 Sq. Ft.

Year Built:

1864


Lot

Lot Size (Sq. Ft):

6,824


Finances & Disclosures

Finances

Price:

$380,000

Price per Sq. Ft:

$143 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. © 2025 New York State Alliance Of Mlss All rights reserved.

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