About This Home

This 5-bedroom, 3-bathroom multi-family at 502 W Court Street in Ithaca, NY is listed for $345,000 ($153 per sqft). Built in 1860, the home offers 2,262 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1860
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
3 full
1860
Listing Description

The Perfect House Hack - Location, Cashflow, and Endless Potential Across from Washington Park! Live in one, let the other pay your mortgage. If you've been waiting for the right opportunity to break into the Ithaca market or add a high-potential asset to your portfolio, 502 W Court St demands a look.

Sitting right across from the lush, vibrant expanse of Washington Park, this classic 1860 duplex offers a location that simply cannot be replicated. With 5 bedrooms, 3 bathrooms, and 2,552 square feet of versatile space-plus the convenience of dual street frontage-this property has a phenomenal footprint.

It's no secret that this asset requires some TLC, but seasoned investors and savvy house-hackers know: ugly spells equity. The 2nd-floor apartment is already generating a reliable $1,600/month with the tenant covering utilities, putting money in your pocket from day one.

The owner-occupied 1st-floor unit will be vacating, giving you a clean slate to move right in, customize your own space, and let the upstairs rent do the heavy lifting on your monthly payment. Off-street parking in this neighborhood is a massive win, and having laundry available in both units ensures effortless tenant appeal. Enjoy park-side living with downtown Ithaca just moments away. Bring your a-team, seize the upside, and turn this incredible location into your smartest real estate move yet.

Monthly Cost Estimate

$1,845/mo

20% down · 6.5% · 30 years

Principal$250
Interest$1,495
Insurance$101

Estimates only. Actual payments may vary.

Location

502 W Court Street

Ithaca, NY 14850

Features & Amenities

Exterior Features

EnclosedPorchPorch

Property Details

Flooring

VariesLaminateCarpet

Construction

Frame Stucco VinylSiding

Outdoor Features

Porch

Heating

Hot Water(Heating)BaseboardNatural Gas

Appliances

ElectricWaterHeater

Questions & Answers

This 5-bedroom, 3-bathroom multi-family at 502 W Court Street is listed at $345,000 ($153/sqft). The estimated monthly payment is $1,846 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1860, 0.11 acre lot, 2 stories. Exterior Features: EnclosedPorch, Porch.

This property is listed by Lindsay Hart.

LH

Lindsay Hart

License 10491209901

Agent at RE/MAX In Motion

Listed by RE/MAX In Motion · Broker phone: (607) 277-1500 · View on Broker Site · Broker website

MLS# R1716055· Source: New York State Alliance of MLSs, LLC· 41 days on PropertySimple

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.

502 W Court Street, Ithaca, NY 14850

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