# 315 S Albany Street, Ithaca, NY 14850

> **TL;DR:** 5bd/0ba residential multi family, $845,000 ($151/sqft), built 1874, 5,606 sqft.
> Hardwood. Est. $4,519/mo. Listed 35 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $845,000 |
| Price/sqft | $151 |
| Bedrooms | 5 |
| Square Feet | 5,606 |
| Year Built | 1874 |
| Lot Size | 8,002 sqft (0.18 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 35 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,273 |
| Estimated Insurance | $246 |
| **Total** | **$4,519** |

## Nearby Schools

- **Elementary:** Belle Sherman
- **Middle:** Dewitt Middle
- **High:** Ithaca Senior High

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1874
- 0.18 acre lot
- 2 stories

## Description

### Agent Description
Handsome downtown City of Ithaca investment property offering seven fully leased apartments with leases in place into 2027, providing an established income stream in a highly convenient location near parks, schools, shopping, dining, the TCAT bus line and city center. This well-maintained 19th-century building was once the home of a prominent Ithacan with deep ties to the community and retains an appealing blend of historic character and functionality. Rich woodwork, ornate detailing, stained glass, built-ins, a marble fireplace, high ceilings, hardwood floors and a distinctive Victorian-style staircase add character to select units and common areas while creating the appeal of a classic Ithaca apartment building. The seven-unit mix includes three studios, three one-bedroom apartments and one two-bedroom apartment, offering a diverse tenant mix with smaller units that can provide attractive rent-per-square-foot potential and access to a broad rental pool. Most tenants are established, contributing to stable occupancy and a solid rental history, with current gross rents totaling $92,760 annually. Units have been selectively updated over time as they became available, creating an opportunity for a new owner to continue improvements and capture potential future rental growth. A full walk-up attic provides valuable storage, while the full walkout basement offers additional utility and storage space. Off-street parking for multiple vehicles is an added benefit in this downtown setting. A well-cared-for investment property combining established rental income, a desirable unit mix, strong location and opportunities for continued value enhancement.

## Location

- **Address:** 315 S Albany Street, Ithaca, NY 14850
- **County:** Tompkins
- **Coordinates:** 42.436282, -76.501265
- **Google Maps:** https://www.google.com/maps?q=42.436282,-76.501265

## Listing Agent

- **Name:** Steven Saggese · **License:** 30SA0532613
- **Brokerage:** Warren Real Estate
- **Broker Phone:** (607) 257-0666
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/315-S-Albany-St_Ithaca_NY_14850_M39884-24317?f=listhub&s=BNARNY&m=R1718256&c=propsimple)

## Photos

![315 S Albany Street - Photo 1](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3506129605r.jpg)

![315 S Albany Street - Photo 2](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1679980170r.jpg)

![315 S Albany Street - Photo 3](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f5168191r.jpg)

![315 S Albany Street - Photo 4](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2744469169r.jpg)

![315 S Albany Street - Photo 5](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1354023945r.jpg)

![315 S Albany Street - Photo 6](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f393586853r.jpg)

![315 S Albany Street - Photo 7](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2902329026r.jpg)

![315 S Albany Street - Photo 8](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1020979164r.jpg)

![315 S Albany Street - Photo 9](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2840916036r.jpg)

![315 S Albany Street - Photo 10](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3358881245r.jpg)

![315 S Albany Street - Photo 11](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f727494239r.jpg)

![315 S Albany Street - Photo 12](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1526517313r.jpg)

![315 S Albany Street - Photo 13](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3582320542r.jpg)

![315 S Albany Street - Photo 14](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f4238300409r.jpg)

![315 S Albany Street - Photo 15](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2261941738r.jpg)

![315 S Albany Street - Photo 16](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3987685848r.jpg)

![315 S Albany Street - Photo 17](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1711323338r.jpg)

![315 S Albany Street - Photo 18](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2672283113r.jpg)

![315 S Albany Street - Photo 19](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1160103942r.jpg)

![315 S Albany Street - Photo 20](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2254500817r.jpg)

![315 S Albany Street - Photo 21](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f4231681072r.jpg)

![315 S Albany Street - Photo 22](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2907718249r.jpg)

![315 S Albany Street - Photo 23](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3728773449r.jpg)

![315 S Albany Street - Photo 24](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f4289537122r.jpg)

![315 S Albany Street - Photo 25](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f979342677r.jpg)

![315 S Albany Street - Photo 26](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f258086452r.jpg)

![315 S Albany Street - Photo 27](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1370770148r.jpg)

![315 S Albany Street - Photo 28](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1933268521r.jpg)

![315 S Albany Street - Photo 29](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1423103844r.jpg)

![315 S Albany Street - Photo 30](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f4159155703r.jpg)

![315 S Albany Street - Photo 31](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2043741188r.jpg)

![315 S Albany Street - Photo 32](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2720164856r.jpg)

![315 S Albany Street - Photo 33](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1802091057r.jpg)

![315 S Albany Street - Photo 34](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1306385623r.jpg)

![315 S Albany Street - Photo 35](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1926187853r.jpg)

![315 S Albany Street - Photo 36](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3691785457r.jpg)

![315 S Albany Street - Photo 37](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1780171327r.jpg)

![315 S Albany Street - Photo 38](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f4247813521r.jpg)

![315 S Albany Street - Photo 39](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f3644523082r.jpg)

![315 S Albany Street - Photo 40](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f69794581r.jpg)

![315 S Albany Street - Photo 41](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f2907284647r.jpg)

![315 S Albany Street - Photo 42](http://lh.rdcpix.com/0757c8cb328e0cf6d2b7d7dd252b6e07l-f1913821832r.jpg)

---

**MLS#:** R1718256 | **Updated:** 2026-10-30
**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/315-s-albany-street-ithaca-ny-14850-0cad429ae877488e924f76e6cdd18e6d)

---

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```