Built in 2017, 125 Elmira Road offers a compelling opportunity to own a newer two-unit property in the City of Ithaca. With approximately 2,300 square feet of living space, each unit features 3 bedrooms, 2 full bathrooms, and its own laundry, creating two comfortable and highly functional living spaces. With a strong rental history and two partial leases currently in place for both units, this is an attractive option for an investor looking to add an established income-producing property to their portfolio. Situated along Elmira Road with easy access to Downtown Ithaca, Ithaca College, Cornell University, shopping, dining, and major commuter routes, 125 Elmira Road offers a combination of location, rental history, and modern construction that can be difficult to find in the Ithaca investment market.
Multi-familyProperty Type
2017Year Built
5,663 sq ftLot Size
$232Price/Sq.Ft.
Listing by KiRa Fritzky-Randolph• Howard Hanna S Tier Inc
Titus Flats, located between Cayuga Lake and the Fall Creek gorge, is a lakeside and residential Ithaca neighborhood with working-waterfront views and a low-rise streetscape. The neighborhood’s character concentrates around the waterfront at the Ithaca Farmers Market pavilion, where food stalls, local makers, and dockside paths set a weekend rhythm. Compact blocks mix older cottages with small apartment buildings, and many streets angle toward the lake and inlet. The Cayuga Waterfront Trail frames daily walks and bike commutes along the shoreline. The Sciencenter and the Hangar Theatre add a cultural pulse close to the water. Stewart Park’s lawns and lakefront promenade extend the neighborhood’s open-air feel.
Provided by Walk Score and Local Logic
Offer insights
125 Elmira Rd · $535,000
$550K and above
75% chance or better to win
Why $550K+ is a strong offer
DAYS ON MARKET
25 days
The average home goes pending in 42 days.
SALE-TO-LIST
104.3%
Most homes are selling 4% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Electric water heater
Crawl space basement
Bathrooms
Four full bathrooms
Flooring
Vinyl flooring
Heating & cooling
Ductless cooling
Ductless heating
Electric heating
Baseboard heating
Exterior features
Covered porch
Porch
Irregular lot
Lot dimensions approximately 28 x 125
Zoned Residential 2 Unit
Home design
Multi‑family residential
Two levels / 2 stories
Parking
Common parking (see remarks)
Construction
Frame construction with vinyl siding
Asphalt shingle roof
Utilities
Public water
Sewer connected
Water connected
Other
Property listed with Ithaca Board of Realtors
Electricity and solar
View estimated energy costs and solar savings for this home
Solid downtown rental investment! Now is your opportunity to own maintenance-free with a newer construction duplex built in 2017. Walk to all your favorite amenities - even a restaurant next door! Thoughtful floor plan with tasteful finishes, this property is truly turn-key with an excellent rental history. Up/down duplex features 3 bedrooms and 2 full baths in EACH unit. Bright, spacious kitchen has contemporary style cabinets, range, dishwasher, French door refrigerator, and granite countertops. Breakfast bar features seating that opens to a spacious living room area. Large windows allow plenty of natural light to shine through. Plenty of parking, municipal services, and energy-efficient mini-splits for heat and A/C. Stellar location with GREAT rental income - tenants pay utilities. Leased through 2023 with owner-occupancy option available. Great investment in one of the strongest markets in the area! 129 Elmira Rd. also offered for sale (MLS 406391).
IBRMLS #IB406378
Sep 20, 2022
Sold
$470,250
$204/sq ft
Apr 11, 2022
Listed
$489,000
$212/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,086
$75,100 + $419,900
$495,000
2025
$10,086 (+2.3%)
$75,100 + $419,900
$495,000
2024
$9,863 (−8.9%)
$75,100 + $419,900
$495,000
2023
$10,822 (−17.8%)
$75,100 + $419,900
$495,000
2022
$13,167 (+12.4%)
$75,100 + $299,900
$375,000
2021
$11,715 (+52.8%)
$75,100 + $254,900
$330,000
2020
$7,665 (+8.5%)
$75,100 + $254,900
$330,000
2019
$7,068 (−1.0%)
$75,100 + $224,900
$300,000
2018
$7,141 (+16.5%)
$75,100 + $224,900
$300,000
2017
$6,129
$75,100 + $224,900
$300,000
Public record
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,304
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,304
Year built
2017
Style
Multi-Family (2-4 Unit)
County
Tompkins County
APN
500700A11600000010020010000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
8 days above 93° expected this year, 17 days in 30 years
1/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Ithaca, NY • 14850
Average low and high temperatures (°F)
31
20
35
20
53
31
62
40
68
47
81
59
85
65
81
58
77
55
64
43
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
70/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 125 Elmira Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $430,000 and $632,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $430K to $632K.