Located in the heart of Collegetown, 505 Dryden Road is a premier multi-family residence perfectly 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 Ithaca’s most desirable rental market.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$1,000,000
Days On Site
45 Days
Bedrooms
11
Inside Area (SqFt)
4,318 sqft
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.02 Acres
Year Built
1900
MLS® Number
R1670708
Status
Active
Property Tax
$23,836
HOA/Condo/Coop Fees
N/A
Sq Ft Source
See Remarks
Friends & Family
React
Invite
Recent Activity
a month ago
Listing first seen on site
a month ago
Listing updated with changes from the MLS®
General Features
Acres
0.02
Cross Street
Fairmount Avenue
Foundation
Stone
Number Of Stories
4
Parking
OtherSee Remarks
Property Sub Type
Multi Family
Special Circumstances
Standard
SqFt Total
4318
Style
Triplex
Utilities
Sewer ConnectedWater ConnectedCable Available
Water Source
Public
Zoning
Residential Multi Use
Interior Features
Appliances
Gas Water Heater
Basement
FullPartially Finished
Cooling
Zoned
Electric
Circuit Breakers
Flooring
HardwoodLaminateVariesVinyl
Furnished
Furnished
Heating
ZonedBaseboardHot WaterNatural Gas
Interior
Natural Woodwork
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details
Wood Siding
Lot Features
Near Public TransitRectangular Lot
Road Frontage
City Street
Roof
Asphalt
Community Features
Financing Terms Available
CashConventional
MLS Area
Ithaca-City-500700
School District
Ithaca
Township
Not Applicable
Schools
School District
Ithaca
Elementary School
Belle Sherman
Middle School
Dewitt Middle
High School
Ithaca Senior High
Listing courtesy of David Wahl of Warren Real Estate of Ithaca Inc. (Downtown) (607) 227-3132
Listing information is provided by Participants of the Ithaca Board of REALTORS®. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Ithaca Board of REALTORS®
Last checked 2026-05-18 09:42 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Browse current Ithaca, NY real estate listings including homes, vacant land, and lakefront properties. Find your perfect property in Tompkins County with detailed photos and pricing or view all properties by ZIP code. Updated daily.
