101-05 Giles Street

Ithaca, NY 14850

This solid, well-maintained investment property is tucked away on a quiet side street on the edge of downtown Ithaca, offering a prime location with easy access to Cornell University, Ithaca College, and a TCAT bus line just steps away. Spanning over 4,800 square feet, the building features four spacious units—two 4-bedroom and two 1-bedroom apartments—generating a gross rent roll of $111,000 for the 2026–2027 season and fully leased through late summer 2027. The versatile layout includes one side encompassing two full floors that would serve as an ideal future owner-occupied residence, while the opposite side houses three units across three levels, all accessed via a beautiful oak center staircase. Residents benefit from desirable floor plans and the convenience of off-street parking, a full walk-out basement with laundry and storage, and split utilities for heat, hot water, and electric paid by the tenants. With a proven track record and a configuration that appeals to a diverse tenant pool, this property represents a turn-key opportunity for a savvy investor looking for a high-performing asset in the City of Ithaca.

Listing courtesy of Steven Saggese of Warren Real Estate of Ithaca Inc. (Downtown) (607) 280-4350

Listing information is provided by Participants of the Ithaca Board of REALTORS®. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Ithaca Board of REALTORS®
Last checked 2026-05-02 05:53 AM UTC