222 N Albany Street, Ithaca, NY 14850

Centrally located in downtown Ithaca, this six-unit investment property offers eleven bedrooms, seven bathrooms, and 100% occupancy with leases in place into 2027. Ideally situated just a few blocks from the Ithaca Commons, the property is within easy reach of coffee shops, restaurants, an ice cream parlor, parks, playgrounds, open green space, schools, and a community pool.

This vintage late-19th-century home has been well maintained and offers a solid rental history with a mix of long-term established residents, graduate students, and professionals. The central location and proximity to everyday amenities appeal to a broad pool of potential tenants.

Spread across three levels, the property includes two one-bedroom apartments, three two-bedroom apartments, and a top-level three-bedroom apartment featuring heat pump heating and cooling. Current gross rents total $112,284 annually, with some units paying their own electricity.

Additional features include a large wraparound porch where tenants can enjoy the neighborhood atmosphere, a separate main-level laundry facility, two driveways providing off-street parking, and a detached two-car garage. Retaining some of its vintage charm while offering a desirable combination of unit variety, established rental history, and conve

nient downtown access, this property presents an appealing investment opportunity in the heart of Ithaca. An excellent option for investors seeking a stable rental property appealing to graduate students, professionals, and long-term residents.