505 Dryden Rd, Ithaca, NY, 14850
About This Home
Located in the heart of Collegetown, 505 Dryden Road is a premier multi-family residence perfectly positioned for students and professionals. This high-performing asset features multiple rental units and sits on a generous lot with eight coveted off-street parking spaces. Investors will appreciate the property's exceptional track record, boasting consistent 100% occupancy and steadily increasing gross revenues. Its prime location offers unrivaled safety and convenience, providing tenants with seamless access to the Cornell University campus, local amenities, and public transit. This is a rare opportunity to acquire a turnkey, profitable building in Ithaca’s most desirable rental market.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Foundation: Stone
- Roof: Asphalt
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subType: Triplex,Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Has basement: Yes
- Basement: Full,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 11
- Bathrooms: 3
- Full bathrooms: 3
Features
- Natural Woodwork
- Flooring: Hardwood,Laminate,Varies,Vinyl
Heating & Cooling
- Heating features: Gas,Zoned,Baseboard,Hot Water
- Cooling features: Zoned
Interior Area
- Total structure area: 4,318
- Total interior livable area: 4,318 sqft
Property
Details
- Parcel number: 50070006400000060030000000
- Zoning description: Residential Multi Use
- Special condition: Standard
Features
- Stories: 4
Lot
- Lot size: 871.20 sqft
- Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
- Lot size dimensions: 80 x 90
Parking
- Parking features: Other,See Remarks,Two or More Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Tompkins County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,056 | $60,672 |
| Home Insurance * | $301 | $3,612 |
| Property Taxes | $1,758 | $21,096 |
| Electricity | $713 | $8,563 |
| Total | $7,828 | $93,936 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Listed for sale | $1,000,000 |
| 2026-04-03 | Listing removed | $1,050,000 |
| 2025-10-17 | Price change | $1,050,000 |
| 2025-08-04 | Listed for sale | $1,100,000 |
| 2025-08-04 | Listing removed | $1,100,000 |
| 2025-07-22 | Price change | $1,100,000 |
| 2025-02-03 | Listed for sale | $1,150,000 |
| 2024-06-02 | Listed for rent | $800 |
| 2024-05-22 | Listing removed | -- |
| 2024-04-13 | Price change | $800 |
| 2024-03-19 | Price change | $815 |
| 2024-02-13 | Listed for rent | $825 |
| 2021-03-24 | Listing removed | -- |
| 2018-09-09 | Listing removed | $815 |
| 2018-09-08 | Listed for rent | $815 |
| 2004-07-30 | Sold | $462,000 |
| 1999-12-16 | Sold | $355,000 |
For Sale by Agent
View on Zillow