# 137 Fayette Street, Ithaca, NY 14850 > **TL;DR:** 3bd/2ba residential multi family, $650,000 ($363/sqft), built 1900, 1,792 sqft. Est. $3,477/mo. Listed 86 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $650,000 | | Price/sqft | $363 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,792 | | Year Built | 1900 | | Lot Size | 4,561 sqft (0.10 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 86 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,287 | | Estimated Insurance | $190 | | **Total** | **$3,477** | ## Nearby Schools - **Elementary:** Belle Sherman ## Property Highlights - Built in 1900 - 0.10 acre lot - 2 stories ## Description ### Agent Description Opportunities like this are exceptionally rare in downtown Ithaca. Completely reimagined in 2023, this property was taken down to the studs and rebuilt with quality craftsmanship throughout, offering the feel of new construction in one of the city's most established neighborhoods. Whether you're looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification. The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home. Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties. Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you'll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone. For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready. ## Location - **Address:** 137 Fayette Street, Ithaca, NY 14850 - **County:** Tompkins - **Coordinates:** 42.43694, -76.502342 - **Google Maps:** https://www.google.com/maps?q=42.43694,-76.502342 ## Listing Agent - **Name:** Rio Lange · **License:** 10401301832 - **Brokerage:** Keller Williams Realty Southern Tier & Finger Lakes (Ithaca) - **Broker Phone:** (607) 275-5600 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/137-Fayette-St_Ithaca_NY_14850_M39857-03904?f=listhub&s=BNARNY&m=R1704787&c=propsimple) ## Photos ![137 Fayette Street - Photo 1](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3284935222r.jpg) ![137 Fayette Street - Photo 2](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2091277748r.jpg) ![137 Fayette Street - Photo 3](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2771197852r.jpg) ![137 Fayette Street - Photo 4](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2455985986r.jpg) ![137 Fayette Street - Photo 5](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f103133r.jpg) ![137 Fayette Street - Photo 6](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f293549099r.jpg) ![137 Fayette Street - Photo 7](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2137091106r.jpg) ![137 Fayette Street - Photo 8](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f530927063r.jpg) ![137 Fayette Street - Photo 9](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3208928196r.jpg) ![137 Fayette Street - Photo 10](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2483298074r.jpg) ![137 Fayette Street - Photo 11](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3641916460r.jpg) ![137 Fayette Street - Photo 12](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1877907700r.jpg) ![137 Fayette Street - Photo 13](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2487491287r.jpg) ![137 Fayette Street - Photo 14](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1973074623r.jpg) ![137 Fayette Street - Photo 15](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f4122687642r.jpg) ![137 Fayette Street - Photo 16](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f947342852r.jpg) ![137 Fayette Street - Photo 17](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f469333904r.jpg) ![137 Fayette Street - Photo 18](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2132308488r.jpg) ![137 Fayette Street - Photo 19](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2712421442r.jpg) ![137 Fayette Street - Photo 20](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2084826373r.jpg) ![137 Fayette Street - Photo 21](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1531885725r.jpg) ![137 Fayette Street - Photo 22](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2154842739r.jpg) ![137 Fayette Street - Photo 23](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2849598880r.jpg) ![137 Fayette Street - Photo 24](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3724727947r.jpg) ![137 Fayette Street - Photo 25](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f770263037r.jpg) ![137 Fayette Street - Photo 26](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1320369934r.jpg) ![137 Fayette Street - Photo 27](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1219270758r.jpg) ![137 Fayette Street - Photo 28](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f619599401r.jpg) ![137 Fayette Street - Photo 29](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1785783991r.jpg) ![137 Fayette Street - Photo 30](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1178272866r.jpg) ![137 Fayette Street - Photo 31](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1638695814r.jpg) ![137 Fayette Street - Photo 32](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1526360564r.jpg) ![137 Fayette Street - Photo 33](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1194600138r.jpg) ![137 Fayette Street - Photo 34](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3884907902r.jpg) ![137 Fayette Street - Photo 35](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1440636225r.jpg) ![137 Fayette Street - Photo 36](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f1636547173r.jpg) ![137 Fayette Street - Photo 37](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f2028269940r.jpg) ![137 Fayette Street - Photo 38](http://lh.rdcpix.com/05d795dfc4d831db5b3fd269136b518fl-f3942752336r.jpg) --- **MLS#:** R1704787 | **Updated:** 2026-10-22 **Source:** listhub *Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/137-fayette-street-ithaca-ny-14850-427fe1abd33f43a9acf8b140ea49dc46) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/137-fayette-street-ithaca-ny-14850-427fe1abd33f43a9acf8b140ea49dc46#listing", "url": "https://www.propertysimple.ai/listing/137-fayette-street-ithaca-ny-14850-427fe1abd33f43a9acf8b140ea49dc46", "name": "137 Fayette Street, Ithaca, NY 14850", "description": "Opportunities like this are exceptionally rare in downtown Ithaca. Completely reimagined in 2023, this property was taken down to the studs and rebuilt with quality craftsmanship throughout, offering the feel of new construction in one of the city's most established neighborhoods. 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