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
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.
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