benny.estate
For SaleMLS # R16944450 days on market

202 Lake Street

Ithaca, NY 14850 · Tompkins County

Price

$525,000

Bed / Bath

4 bd · 3 ba

Interior

1,704 sqft

Lot

7,841 sqft lot

Built

1870

About this home

Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in the basement with access available to all tenants. A current Certificate of Compliance is in place. This property also presents an excellent option for an owner-occupant to live in one unit while renting the others to help offset expenses and supplement income. Conveniently located near downtown, shopping, dining, and public transportation, this multi-unit property offers both long-term value and flexibility. A rare opportunity to own a quality income-producing property in a desirable Ithaca location.

Exterior features

  • Deck

Appliances

  • Gas Water Heater

Mechanical

Heating

Gas, Forced Air

Schools

District

Ithaca

Elementary

Fall Creek Elementary

Middle

Boynton Middle

High School

Ithaca Senior High

Tax & finance

Annual taxes

$17,185

Financing

Cash · Conventional

Location

Ithaca, NY 14850 · Tompkins County

MLS Attribution

Listing courtesy of Berkshire Hathaway HomeServices Heritage Realty. Listing agent: Isaac Kain. Data last updated 6/29/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.