327 Coddington Road
Ithaca, NY 14850 · Tompkins County
Price
$485,000
Bed / Bath
6 bd · 4 ba
Interior
4,056 sqft
Lot
36,590 sqft lot
Built
1945
↓ Reduced from $499,900
About this home
The Ultimate HOUSE-HACK — Live in one unit, let the other pay your mortgage. Owner-occupy the 1st-floor unit and collect $4,050/mo from the other three — at residential mortgage rates, not investment rates. Rents from the 2nd floor ($1,550), basement ($1,200), and detached bungalow ($1,300) offset most or all of your living expense. The owner's unit is like a private home not an apartment, featuring a spacious kitchen with maple cabinetry, granite countertops, and a breakfast bar, an inviting living room centered around a classic brick fireplace, a sun-filled bonus room perfect for a home office or reading nook, and direct access to an expansive covered patio. Two tenants are secured through July 2027, providing dependable long-term income, while the first-floor unit and lower-level apartment offer immediate flexibility for an owner-occupant. This property is being sold As-Is, eliminating negotiation friction and accelerating your path to closing. To make your transaction seamless, professional home inspections and radon tests have already been completed for both structures. The reports are available for review, allowing you to bypass the usual multi-week inspection delays and secure your financing with total clarity. Heat, water/sewer, and trash are currently landlord-maintained on two building-level meters — a new owner may choose to separate utilities. Stop renting. Start building equity.
Interior features
- Sliding Glass Doors
- Natural Woodwork
Exterior features
- Balcony
Appliances
- Electric Water Heater
- Gas Water Heater
Mechanical
Heating
Electric, Gas, Zoned, Baseboard
Cooling
Zoned
Schools
District
Ithaca
Elementary
South Hill
Tax & finance
Annual taxes
$12,147
Financing
Cash · Conventional
MLS Attribution
Listing courtesy of RE/MAX In Motion. Listing agent: Lindsay Hart. Data last updated 10/9/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.
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