About This Home

This 6-bedroom, 4-bathroom residential multi family at 327 Coddington Road in Ithaca, NY is listed for $555,000 ($137 per sqft). Built in 1945, the home offers 4,056 sqft of living space on a 0.84 acres lot.

Key Features

  • Built in 1945
  • 0.84 acre lot
  • Fireplace

Property Details

1 story
4 full
1945

Amenities

FireplaceA/C
Listing Description

A South Hill Investment Story, Told from the Top of the Hill Some properties ask you to imagine the potential. This one hands it to you, fully realized, on a rolling South Hill lot with Ithaca spread out below like it was arranged just for you. Perched below Ithaca College in the Town of Ithaca this multi-structure compound looks out over the city, the surrounding hills, and a glint of Cayuga Lake in the distance.

It's the kind of setting that makes tenants stay and owners smile at closing. Walk into the main house's first floor and the "investment property" feeling falls away. A chef's kitchen anchors the space - warm maple cabinetry, dark granite counters, a detached center island built for both meal prep and morning coffee.

Just off the kitchen, a wood-trimmed sunroom catches the light and begs to become a plant room, a reading nook, or a work-from-home escape with a view. The living room does the heavy lifting on character: a textured, detailed ceiling overhead and a red brick wood-burning fireplace that turns a cold Ithaca winter into an asset.

And when the weather turns, the oversized covered patio out back - shaded, carpeted, and quietly grand - becomes your front-row seat to the changing seasons over the valley. The property includes three units within the main house and down a private concrete path, is the detached bungalow living a life of its own - two stories, a walkout basement, and an elevated deck made for grilling season.

Sold as-is, with inspections and radon tests already completed on both structures and available for review - the legwork is done. Two units are leased through July 2027, so your income starts on day one. Investment opportunities with four rental units, two separate dwellings, panoramic Ithaca views, and a premier South Hill location are exceptionally rare.

This isn't a maybe. It's a compound already earning its keep with rents that include heat, water/sewer, and trash, a tenant perk that keeps units filled and turnover low.

Monthly Cost Estimate

$2,968/mo

20% down · 6.5% · 30 years

Principal$401
Interest$2,405
Insurance$162

Estimates only. Actual payments may vary.

Location

327 Coddington Road

Ithaca, NY 14850

Features & Amenities

Interior Features

SlidingGlassDoorsNaturalWoodwork

Exterior Features

Balcony

Property Details

Flooring

CarpetLaminateVinylVaries

Construction

Frame

Pool Features

Porch

Heating

Natural GasBaseboardElectric (Heating)Zoned

Cooling

Zoned

Appliances

ElectricWaterHeaterGasWaterHeater

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 327 Coddington Road is listed at $555,000 ($137/sqft). The estimated monthly payment is $2,968 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1945, 0.84 acre lot, Fireplace. Interior Features: SlidingGlassDoors, NaturalWoodwork. Exterior Features: Balcony.

This property is listed by Lindsay Hart and can be reached at 6072275990.

LH

Lindsay Hart

Agent at RE/MAX In Motion

(607) 227-5990

Listed by RE/MAX In Motion · View on Broker Site

MLS# R1694420· Source: listhub· 1 day on market

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.

327 Coddington Road, Ithaca, NY 14850

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