117 Prospect St, Ithaca, NY, 14850
About This Home
Exceptional South Hill location with investment potential. Situated near Ithaca College, the South Hill Recreation Way, downtown Ithaca, SouthWorks, and the public library, this property places some of Ithaca’s most popular destinations within easy reach. Currently used as a rental, it offers immediate income while presenting future opportunities for expansion, redevelopment, or owner occupancy. Available individually or as part of a rare three-property package with adjoining parcels.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Foundation: Stone
- Roof: Asphalt,Shingle
- Construction materials: Frame,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Historic/Antique,Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Free-Standing Range,Oven,Refrigerator,See Remarks,Water Heater
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 1
Features
- Other,See Remarks
- Flooring: Carpet,Laminate,Varies,Vinyl
Heating
- Heating features: Gas,Forced Air
Interior Area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
Property
Details
- Parcel number: 50070008100000080050000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Porch
- Exterior features: See Remarks
Lot
- Lot size: 1,755 sqft
- Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
- Lot size dimensions: 36 x 48
Parking
- Parking features: No Garage,Driveway,No Driveway
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
- Strong Wind
- Tornado
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 | $1,668 | $20,016 |
| Home Insurance * | $99 | $1,188 |
| Property Taxes | $580 | $6,960 |
| Electricity | $246 | $2,954 |
| Total | $2,593 | $31,116 |
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 |
|---|---|---|
| 2026-07-08 | Price change | $330,000 |
| 2026-06-13 | Listed for sale | $345,400 |
| 2026-03-22 | Listing removed | $2,640 |
| 2026-02-24 | Listed for rent | $2,640 |
| 2025-10-23 | Listing removed | $2,640 |
| 2024-12-01 | Listed for rent | $2,640 |
| 2024-10-03 | Listing removed | $2,640 |
| 2024-06-10 | Listed for rent | $2,640 |
| 2024-04-17 | Listing removed | -- |
| 2024-03-22 | Listed for rent | $2,640 |
| 2024-01-10 | Listing removed | -- |
| 2023-09-20 | Listed for rent | $2,640 |
| 2021-03-24 | Listing removed | -- |
| 2019-12-05 | Listing removed | $2,400 |
| 2019-09-08 | Listed for rent | $2,400 |
| 2019-07-02 | Listing removed | $2,400 |
| 2018-11-17 | Price change | $2,400 |
| 2018-09-15 | Listed for rent | $2,360 |
For Sale by Agent
View on Zillow