202 Lake St, Ithaca, NY, 14850
About This Home
Well-maintained 3-unit property that has been thoughtfully cared for and successfully operated as a rental. The building is in good condition with a strong rental history, offering a solid opportunity for investors seeking stable income. Each unit has been well maintained, allowing for continued rental use with minimal immediate work required. The property includes a washer and dryer located in the basement with access available to all tenants. A current Certificate of Compliance is in place. This property also presents an excellent option for an owner-occupant to live in one unit while renting the others to help offset expenses and supplement income. Conveniently located near downtown, shopping, dining, and public transportation, this multi-unit property offers both long-term value and flexibility. A rare opportunity to own a quality income-producing property in a desirable Ithaca location.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1870
Materials
- Foundation: Block,Stone
- Roof: Asphalt
- Construction materials: Vinyl 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
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Hardwood,Laminate,Varies,Vinyl
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 1,704
- Total interior livable area: 1,704 sqft
Property
Details
- Parcel number: 50070002800000040070000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck,Open,Porch
- Exterior features: Deck
Lot
- Lot size: 7,840 sqft
- Features: Corner Lot,Irregular Lot,Residential Lot
- Lot size dimensions: 44 x 117
Parking
- Parking features: Gravel,Two or More Spaces,Unpaved
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
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 | $2,654 | $31,848 |
| Home Insurance * | $158 | $1,896 |
| Property Taxes | $923 | $11,076 |
| Electricity | $281 | $3,379 |
| Total | $4,016 | $48,192 |
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 |
|---|---|---|
| 2026-06-28 | Listed for sale | $525,000 |
| 2026-04-23 | Listing removed | $550,000 |
| 2026-03-06 | Price change | $550,000 |
| 2026-02-08 | Listed for sale | $595,000 |
| 2022-04-29 | Sold | $415,000 |
| 2022-03-01 | Pending sale | $425,000 |
| 2022-01-16 | Contingent | $425,000 |
| 2022-01-03 | Listed for sale | $425,000 |
| 2014-09-11 | Sold | $330,000 |
| 2004-09-03 | Sold | $160,000 |
| 2003-08-22 | Sold | $141,250 |
| 1995-11-02 | Sold | $98,500 |
For Sale by Agent
View on Zillow