137 Fayette ST Ithaca, NY 14850
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $362
MLS Listing ID R1704787
Bedrooms 3
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $11,291
Lot Size 4,560 Sqft
Acres 0.1047
Lot Dimensions 46X99
Property Sub-Type Multi Family
Property Description
Whether you're looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification.
The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home.
Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties.
Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you'll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone.
For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready.
Location
State NY
County Tompkins
Area Ithaca-City-500700
Direction Take W Clinton east from 13. House on the corner of W Clinton and Fayette St. Off street parking off of W Clinton. On street parking on Fayette St.
Rooms
Basement Full
Interior
Heating Electric, Baseboard
Flooring Luxury Vinyl, Tile, Varies
Fireplace No
Appliance Electric Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Other, Rectangular, Rectangular Lot, See Remarks
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Frame,Other
Construction Status Existing
Schools
Elementary Schools Belle Sherman
School District Ithaca
Others
Senior Community No
Tax ID 500700-080-000-0006-008-000-0000
Acceptable Financing Cash, Conventional, FHA, Other, See Remarks, VA Loan
Listing Terms Cash, Conventional, FHA, Other, See Remarks, VA Loan
Special Listing Condition Standard
Nearby School & Business
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