218 Delaware Avenue

Ithaca, NY 14850

Rare CollegeTown multifamily investment opportunity. This five-unit property offers more than 5,100 square feet of living space in one of Ithaca’s most sought-after rental markets. Featuring spacious apartments, attractive interior finishes, and off-street parking, the property offers a compelling blend of character and functionality. Each unit provides a unique layout and appeal, distinguishing it from more standardized rental properties. The interior has been well maintained, while exterior cosmetic improvements may provide an opportunity for future value enhancement. Conveniently located near educational institutions, downtown Ithaca, employment centers, shopping, dining, and public transportation, this property is well-positioned for investors seeking to expand or strengthen their portfolio. A second multifamily property on Delaware Avenue is also available (210), creating a unique opportunity for investors interested in acquiring multiple assets in the same neighborhood. This property is legal for 21. #1-2 bedroom, 1 bath #2-3 bedroom, 1 bath #3-5 bedroom, 1 bath #4-5 bedroom, 1 bath #5-4 bedroom, 2 bath 5 units, totaling 19 bedrooms, 6 baths.

Listing courtesy of Brian DeYoung of Berkshire Hathaway HomeServices Heritage Realty (607) 275-1234

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 2026-09-07 06:30 AM UTC