1283 Ellis Hollow Road

Ithaca, NY 14850

Here's a solid investment opportunity in the heart of Ellis Hollow, just minutes from Cornell's Vet School! First time on the market since 1998, this is a side-by-side 4-unit rental property that is fully rented through July 31, 2026 earning $64,800 annual gross income! Attractive log design with covered front porch with ample parking for tenants and guests. Each unit is rented for $1,350 + utilities (all separate) and are in great condition overall. Main level spaces in each unit include a living room open to kitchen and full bath with tub/showers. Upstairs there is 1 bedroom plus a large office room/sitting room. Outside space for tenants in each unit too - concrete back patios with privacy walls between each unit. Oversized 1.47 acre lot with wooded views. Many recent improvements including septic (2024), well pump (2022), windows, roofing. The owners have taken great care of this property throughout the years. They also lived in Unit 4 upon first purchase so it's a flexible option for a new owner. Unit 1 may be vacating to allow owner occupancy earlier than July (tenant is still obligated to pay lease through July otherwise). Fully rented throughout the years with no significant vacancy rates!

Listing courtesy of Christine Delvecchio of Warren Real Estate of Ithaca Inc. (607) 227-3016

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Last checked 2026-04-20 06:58 AM UTC