NEW 15 HRS AGO

For sale

$1,000,000

Est. $7,509/mo —

•

4,318

sq ft

505 Dryden Rd, Ithaca, NY 14850

About this home

Located in the heart of Collegetown, 505 Dryden Road is a multi-family residence positioned for students and professionals. This high-performing asset features multiple rental units and sits on a generous lot with eight coveted off-street parking spaces. Investors will appreciate the property's exceptional track record, boasting consistent 100% occupancy and steadily increasing gross revenues. Its prime location offers unrivaled safety and convenience, providing tenants with seamless access to the Cornell University campus, local amenities, and public transit. This is a rare opportunity to acquire a turnkey, profitable building in the Ithaca rental market.

Multi-familyProperty Type

1900Year Built

871 sq ftLot Size

$232Price/Sq.Ft.

Listing by David Wahl • Warren Real Estate of Ithaca Inc. (Downtown)

Contact: 607-227-3132

Listing updated: Nov 3, 2026 at 02:28pm

Redfin checked: a minute ago

•Source:IBRMLS #R1726831

Payment calculator

$7,509 per month

Principal and interest$5,390

Property taxes

$1,986

HOA dues

Home insurance

$133

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Belle Sherman School

Public PreK-5 • Assigned • 0.3mi

4/10

Boynton Middle School

Public 6-8 • Assigned • 1.7mi

8/10

Ithaca Senior High School

Public 9-12 • Assigned • 1.4mi

9/10

Dewitt Middle School

Public 6-8 • Assigned • 2.5mi

7/10

Provided by GreatSchools

About Belle

Sherman

Belle Sherman, located between Cornell University’s North Campus and the East Hill Plaza area, is a residential and academic-adjacent Ithaca neighborhood with tree-lined streets and classic early-20th-century homes. The neighborhood’s energy concentrates along the Stewart Avenue–East State Street corridor, where campus-bound foot traffic meets a steady rhythm of local storefronts. Architectural character leans Craftsman and Colonial Revival, with deep porches, mature maples, and compact side streets that feel quietly continuous. Community pillars include the Cornell Botanic Gardens for wooded walks, the Herbert F. Johnson Museum of Art for gallery time, and the historic Cornell Cinema for repertory screenings. Cascadilla Gorge’s stone steps and bridges add a dramatic natural edge to daily routes. A short climb toward East Hill brings everyday errands into view without changing the neighborhood’s calm cadence.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Furnished
Natural woodwork
Full, partially finished basement

Bedrooms
Unit configurations include 4-bedroom, 3-bedroom, and 4-bedroom units

Bathrooms
3 full bathrooms
Each unit has 1 bathroom

Kitchen
Dishwasher, oven/range, refrigerator, microwave
Dining area with kitchen and living room

Flooring
Hardwood, laminate, and vinyl flooring

Heating & cooling
Zoned cooling
Zoned baseboard, hot water, natural gas heating

Sale and tax history for 505 Dryden Rd

Sale History
Tax History

Date

Event

Price

IBRMLS #R1726831

Nov 3, 2026

Listed

$1,000,000

$232/sq ft

IBRMLS #R1670708

Apr 3, 2026

Listed

$1,000,000

$232/sq ft

IBRMLS #R1626678

Oct 17, 2025

Price Changed

$1,050,000

$243/sq ft

Aug 4, 2025

Listed

$1,100,000

$255/sq ft

IBRMLS #R1586857

Jul 22, 2025

Price Changed

$1,100,000

$255/sq ft

Feb 3, 2025

Listed

$1,150,000

$266/sq ft

Public Records

Jul 30, 2004

Sold

$462,000

$107/sq ft

Public Records

Dec 16, 1999

Sold

$355,000

$82/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$13,476

$80,000 + $580,000

$660,000

2025

$13,476 (+2.3%)

$80,000 + $580,000

$660,000

2024

$13,177 (−8.8%)

$80,000 + $580,000

$660,000

2023

$14,455 (−38.2%)

$80,000 + $580,000

$660,000

2022

$23,405 (+4.1%)

$80,000 + $580,000

$660,000

2021

$22,477 (+54.2%)

$80,000 + $550,000

$630,000

2020

$14,576 (+8.9%)

$80,000 + $550,000

$630,000

2019

$13,381 (−1.0%)

$80,000 + $490,000

$570,000

2018

$13,521 (+7.6%)

$80,000 + $490,000

$570,000

2017

$12,563 (−0.9%)

$80,000 + $490,000

$570,000

2016

$12,679 (−2.4%)

$50,000 + $465,000

$515,000

2015

$12,986 (−34.9%)

$50,000 + $465,000

$515,000

2014

$19,951

$50,000 + $465,000

$515,000

Public record

Beds

—

Baths

—

Stories

—

Lot width

80 ft.

Lot depth

90 ft.

Lot size

7,200 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,318

Year built

—

Style

Multi-Family (5+ Unit)

County

Tompkins County

APN

500700A06400000060030000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 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

7 days above 93° expected this year, 15 days in 30 years

2/10 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

88/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Ithaca. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.8 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 505 Dryden Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $585,129 and $1,030,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $585K to $1.0M.

SOLD AUG 19, 2026
$657,500 Last sold price
3 beds2.5 baths2,332 sq ft
306 Ithaca Rd, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
$50/sq ft
larger lot
20 years newer
SOLD AUG 24, 2026
$813,000 Last sold price
4 beds1.5 baths2,075 sq ft
206 Cascadilla Park Rd, Ithaca, NY 14850
Listing by Howard Hanna S Tier Inc
$160/sq ft
larger lot
14 years newer
SOLD APR 24, 2026
$660,000 Last sold price
4 beds2.5 baths2,510 sq ft
225 Bryant Ave, Ithaca, NY 14850
Listing by Berkshire Hathaway HomeServices Heritage Realty
$31/sq ft
larger lot
35 years newer
SOLD MAY 18, 2026
$700,000 Last sold price
4 beds2 baths3,220 sq ft
135 Hudson St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc. (Downtown)
$15/sq ft
larger lot
50 years older
SOLD AUG 14, 2026
$1,030,000 Last sold price
5 beds4 baths3,548 sq ft
29 Fairway Dr, Ithaca, NY 14850
Listing by Keller Williams Realty
$58/sq ft
larger lot
106 years newer
SOLD JUN 25, 2026
$585,129 Last sold price
4 beds2 baths2,689 sq ft
120 Eastwood Terrace Ter, Ithaca, NY 14850
Listing by Howard Hanna S Tier Inc
$14/sq ft
larger lot
50 years newer