193-195 Upper Creek Road
Freeville, NY 13068 · Tompkins County
Price
$379,000
Bed / Bath
6 bd · 2 ba
Interior
2,739 sqft
Lot
1.80 ac
Built
1940
Garage
2-car
About this home
Two detached homes on one lot. Turnkey, high-yield two-unit investment property. Both with income continuity generating a total of $4,200/month ($50,400 Gross Annual Income). Gross Rent Multiplier (GRM) of just 7.5. Both units feature 3 bedrooms and 1 bathroom. The properties are individually metered, tenants responsible for their own heat, electricity, and utilities. Many updated features including new roof, siding, flooring and appliances through. Established tenants are in place running throughout May 2027 and July 2027, offering immediate cash flow. Located within close proximity to Ithaca, Cornell University, and Ithaca College, ensuring a consistent local rental pool. Tax records state 1.63 acres. The seller and recent survey shows total area 1.8 acres.
Appliances
- Electric Water Heater
Mechanical
Heating
Electric, Propane, Baseboard, Forced Air
Schools
District
Dryden
Elementary
Dryden Elementary
Middle
Dryden Middle
High School
Dryden High
Tax & finance
Annual taxes
$7,686
Financing
Cash · Conventional
MLS Attribution
Listing courtesy of Homecoin.com. Listing agent: Jonathan Minerick. Data last updated 9/19/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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