Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Timberland Properties

Property view
Listing view 2
Listing view 3

222 N Albany Street, 
Ithaca, NY 14850

$795,000


6

Beds


—

Bath


4,484

Sq Ft


Multi-Family

Active

Listed by

Steven Saggese

Warren Real Estate Of Ithaca Inc. (Downtown)

607-257-0666

Last updated:

October 23, 2026, 03:18 PM

MLS#

R1723455

Source:

NY GENRIS

About This Home

222 N Albany Street

Centrally located in downtown Ithaca, this six-unit investment property offers eleven bedrooms, seven bathrooms, and 100% occupancy with leases in place into 2027. Ideally situated just a few blocks from the Ithaca Commons, the property is within easy reach of coffee shops, restaurants, an ice cream parlor, parks, playgrounds, open green space, schools, and a community pool. This vintage late-19th-century home has been well maintained and offers a solid rental history with a mix of long-term established residents, graduate students, and professionals. The central location and proximity to everyday amenities appeal to a broad pool of potential tenants. Spread across three levels, the property includes two one-bedroom apartments, three two-bedroom apartments, and a top-level three-bedroom apartment featuring heat pump heating and cooling. Current gross rents total $112,284 annually, with some units paying their own electricity. Additional features include a large wraparound porch where tenants can enjoy the neighborhood atmosphere, a separate main-level laundry facility, two driveways providing off-street parking, and a detached two-car garage. Retaining some of its vintage charm while offering a desirable combination of unit variety, established rental history, and convenient downtown access, this property presents an appealing investment opportunity in the heart of Ithaca. An excellent option for investors seeking a stable rental property appealing to graduate students, professionals, and long-term residents.

Home Facts

Multi-Family

6 Bedrooms

Built in 1870

Price Summary

795,000

$177 per Sq. Ft.

MLS #:

R1723455

Last Updated:

October 23, 2026, 03:18 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Interior

Living Area:

4,484 Sq. Ft.


Structure

Structure

Building Area:

4,484 Sq. Ft.

Year Built:

1870


Lot

Lot Size (Sq. Ft):


Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$177 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.

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.

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.