Active
114 Overlook Road, Ithaca Town NY 14850
MLS# R1715502
$785,000
Price
9
Beds
-
Baths
4,482
Living Area (Sq.Ft.)
0.6
Lot Area (Acres)
$785,000
Price
9
Beds
-
Baths
4,482
Living Area (Sq.Ft.)
0.6
Lot Area (Acres)
Tudor Revival inspired five unit investment property in the Village of Cayuga Heights with an exceptional $108,900 in gross annual income, an approximate 9.6% cap rate and competitive pricing at about 7.2 times gross income. Fully rented through July 31, 2027, the property features charming front gables, a stunning stone chimney, arched entry, stucco exterior and wood siding, with the architectural shingle roof installed by J.D. Ferro in 2014. Spacious interiors offer abundant natural light, hardwood and vinyl plank flooring, classic radiators, period details and a wood burning fireplace. Three of the five kitchens feature expansive picture windows overlooking mature trees, creating a tree canopy backdrop for dining, while oversized windows in first floor bedrooms and numerous living spaces enhance brightness and openness. Spacious rooms and a mix of floor plans add to the property’s period character, with the third floor apartment updated in 2021. Recent improvements include a boiler installed by Donahue-Halverson in 2022 and freshly painted exterior wood siding completed in 2026. A spacious driveway provides convenient off street parking for tenants. Located approximately one mile from Helen Newman Hall on Cornell University’s North Campus, near a TCAT bus stop, with convenient access to the Arts Quad and West Campus. Tenant responsibilities include individual electric and internet service. 1961 floor plans on file with the Village are provided for historical reference, and the required multi-unit fire and safety inspection was satisfactorily completed in 2026 while the property was fully occupied in its current configuration. Coin operated laundry generates approximately $800 in additional annual income beyond the stated gross income. Income performance, supplemental laundry revenue, recent improvements and a Cayuga Heights setting create an excellent income producing opportunity.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1975
Parcel Number
503001-015-000-0005-001-001-0000
Unit Number
--
Lot Features
Corner Lot, Irregular Lot, Near Public Transit
Building Area Source
Assessor
Lot Size Dimensions
291X92
Stories
3
Community Features
LaundryFacilities
Property Condition
Resale
Elementary School
Cayuga Heights Elementary
Elementary School District
Ithaca
Middle Or Junior School
Boynton Middle
Middle Or Junior School District
Ithaca
High School District
Ithaca
Location
Listing Agent
Lindsay Lustick Garner
Listing Office
Linz Real Estate
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow,SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-09-21
Owner Pays
Grounds Care, Heat, Hot Water, Snow Removal, Trash Collection, Water
Rent Includes
Common Area Maintenance, Heat, Hot Water, Snow Removal, Trash Collection, Water
Gross Income
108900
Net Operating Income
75428
Fire Places Total
1
Flooring
Carpet, Hardwood, Luxury Vinyl, Tile, Varies, Vinyl
Laundry Features
Common Area, Coin Operated
Fire Place
true
Heating
true
Heating Features
Gas, Hot Water, Radiators
Appliances
Dryer, Electric Oven, Electric Range, Gas Water Heater, Refrigerator, Washer
Garage
false
Garage Spaces
0
Exterior Features
Gravel Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Architectural, Shingle
Utilities
Sewer Connected, Water Connected
Parking Features
One Space, Driveway, No Garage
Basement
Full, Walk Out Access
Construction Materials
Blown In Insulation, Stucco, Wood Siding
Patio And Porch Features
Open, Porch
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.