116-118 Ferris Pl #18, Ithaca, NY, 14850
About This Home
Just off State Street, a few blocks south of Collegetown Center and just up the hill from the Commons, this large 24-bedroom building is nestled along the gorges and preserves. It’s just above the Six Mile Creek Preserve, and the footbridge over the creek is just a few hundred feet down the street. Out the back windows, it’s all beautiful greenery and shade. A large duplex building, it is divided into a number of apartments. Sitting just below a large, new, upscale complex, this charming location offers apartments with bay windows in many units and large rooms uncommon in today’s cookie-cutter new housing. Additional features include a security system and sprinkler system. The pricing is appealing to students while leaving plenty of room for increased income through improvements. Come look it over and see how this property would fit into your portfolio. Apartment room distribution: 116-1: 5 bedrooms, 2 baths; 116-2: 3 bedrooms, 1 bath; 116-3: 2 bedroom, 1 bath; 118-1: 6 bedrooms, 1 bath; 118-2: 4 bedrooms, 1 bath; 118-3: 3 bedrooms, 1 bath.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Roof: Architectural,Pitched,Shingle
- Construction materials: Frame,Copper Plumbing
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Gas Oven,Gas Range,Gas Water Heater
- Laundry features: Coin-operated
Basement
- Has basement: Yes
- Basement: Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 23
Features
- Ceiling Fan(s),Entrance Foyer
- Flooring: Carpet,Hardwood,Laminate,Luxury Vinyl,Varies,Vinyl
Heating
- Heating features: Gas,Hot Water,Radiator(s)
Interior Area
- Total structure area: 8,902
- Total interior livable area: 8,902 sqft
Property
Details
- Parcel number: 50070008200000090010000000
- Special condition: Standard
Features
- Stories: 3
- Exterior features: Gravel Driveway
- On waterfront: Yes
- Waterfront features: River Access,Stream
- Waterbody name: Sixmile Creek
- Frontage length: 0
Lot
- Lot size: 0.27 Acres
- Features: Irregular Lot,Near Public Transit,Residential Lot,Wooded
- Lot size dimensions: 196 x 60
Parking
- Parking features: One Space,No Garage
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 | $7,584 | $91,008 |
| Home Insurance * | $452 | $5,424 |
| Property Taxes | $2,637 | $31,644 |
| Electricity | $1,471 | $17,653 |
| Total | $12,144 | $145,728 |
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 |
|---|---|---|
| 2026-08-10 | Price change | $1,455,000 |
| 2026-07-09 | Price change | $1,500,000 |
| 2026-07-08 | Price change | $1,515,000 |
| 2026-06-26 | Listed for sale | $1,570,000 |
For Sale by Agent
View on Zillow