Active
505 Dryden Road, Ithaca City NY 14850
MLS# R1626678
$1,050,000
Price
11
Beds
3
Baths
4,318
Living Area (Sq.Ft.)
0.02
Lot Area (Acres)
$1,050,000
Price
11
Beds
3
Baths
4,318
Living Area (Sq.Ft.)
0.02
Lot Area (Acres)
Nestled in the vibrant heart of Collegetown, this exceptional multi-family property presents a rare opportunity for investors and Cornell University affiliates alike. Featuring an impressive 11 bedrooms and 3 bathrooms, this spacious residence offers tremendous potential for rental income in one of Ithaca's most sought-after locations. Just steps away from GreenStar Food Co op, residents enjoy convenient access to fresh, local groceries without the hassle of a long commute. Nature enthusiasts will appreciate being less than a 10-minute walk from Six Mile Creek Natural Area, where scenic trails and peaceful waterways provide the perfect escape from academic pressures. The property's prime location places Cornell University's campus within easy reach—ideal for students, faculty, and staff looking to minimize their daily commute. Meanwhile, East Hill Plaza offers nearby shopping amenities for everyday needs. This well-positioned investment property combines the perfect blend of accessibility to campus life while maintaining enough distance to ensure peaceful living. The spacious layout accommodates multiple residents comfortably, with common areas that encourage community while private bedrooms offer necessary quiet spaces for studying. Property provides strong returns in Ithaca's robust rental market. With Cornell's consistent demand for quality off-campus housing, this property represents not just a purchase but a strategic investment in one of America's most stable college town markets. Ready to expand your real estate portfolio with this exceptional multi-family opportunity? Contact us today to schedule a viewing!
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1900
Parcel Number
500700-064-000-0006-003-000-0000
Unit Number
--
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Building Area Source
SeeRemarks
Lot Size Dimensions
80X90
Stories
4
Bath Rooms Full
3
Property Condition
Resale
Elementary School
Belle Sherman
Elementary School District
Ithaca
Middle Or Junior School
Dewitt Middle
Middle Or Junior School District
Ithaca
High School
Ithaca Senior High
High School District
Ithaca
Location
Listing Agent
David Wahl
Listing Office
Warren Real Estate of Ithaca Inc. (Downtown)
Owner Name
--
Owner Phone
--
Possession
Closing
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-08-03
Owner Pays
Gas, Grounds Care, Heat, Hot Water, Snow Removal
Rent Includes
Common Area Maintenance, Gardener, Heat, Hot Water, Snow Removal
Gross Income
123940
Net Operating Income
65587
Fire Places Total
0
Interior Features
Natural Woodwork
Flooring
Hardwood, Laminate, Varies, Vinyl
Cooling Features
Zoned
Heating
true
Heating Features
Gas, Zoned, Baseboard, Hot Water
Appliances
Gas Water Heater
Electric
Circuit Breakers
Garage
--
Garage Spaces
0
Architectural Style
Triplex
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Parking Features
Other, See Remarks, Two Or More Spaces
Foundation Details
Stone
Basement
Full, Partially Finished
Construction Materials
Wood Siding
No schools found
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.
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.