$225,000
Original price: $265,000
- 3 Beds
- 2 Baths
- 1,644 sqft
121 Elm St, Ithaca, NY 14850
Est. Mortgage $1,647/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1910
$137/sqft
Local Information
-- mins to
About this House
What's unique:Main-level two-bedroom apartmentUpper-level one-bedroom apartmentNewer roofOne off-street parking spacePrivate side patio
Exceptional opportunity to own a duplex in one of Ithaca's most convenient locations! Just minutes from Wegmans, the Ithaca Commons, Cornell University, Ithaca College, shopping, restaurants, and public transportation, this property offers the lifestyle and convenience tenants and owner-occupants are looking for. The main-level two-bedroom apartment is vacant and ready for its next owner or tenant, making it an excellent option for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental potential. The upper-level one-bedroom apartment is currently occupied by a month-to-month tenant, providing immediate income with future flexibility. Outside, enjoy a private side patio, a rear deck with seasonal inlet views during the fall and winter months, and one off-street parking space. A newer roof adds additional value and peace of mind. Whether you're expanding your investment portfolio or searching for a property that combines homeownership with rental income, 121 Elm Street is a fantastic opportunity in a highly desirable Ithaca location.
Last check for updates: about 17 hours ago
Listing by: Howard Hanna S Tier Inc, (607) 257-0800
Vincent Ferrara, (607) 229-8573
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1705008

Also Listed on NYSAMLSs.
Home Details for 121 Elm St
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MLS Status: Active |
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Interior Details Basement: Full,Finished,Walk-Out Access |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1644 Square Feet |
Appliances & Utilities Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water Heater |
Heating & Cooling Heating: Gas,SteamHas HeatingHeating Fuel: Gas |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Carpet, Hardwood, Laminate, Varies, Vinyl |
Levels, Entrance, & Accessibility Number of Stories: 2Floors: Carpet, Hardwood, Laminate, Varies, Vinyl |
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Exterior Home Features Roof: Asphalt ShinglePatio / Porch: PatioExterior: PatioFoundation: Stone |
Parking & Garage Parking: Other,One Space,On Street,See Remarks,Unpaved |
Frontage Not on Waterfront |
Water & Sewer Sewer: Connected |
Finished Area Finished Area (below surface): 792 Square Feet |
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Days on Market: 46 |
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Year Built Year Built: 1910 |
Property Type / Style Property Type: ResidentialProperty Subtype: Duplex, Multi FamilyStructure Type: DuplexArchitecture: Duplex |
Building Construction Materials: Aluminum Siding |
Property Information Condition: ResaleParcel Number: 50070005700000030100000000 |
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Price List Price: $225,000Price Per Sqft: $137 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Ithaca City |
School Information Elementary School: Caroline ElementaryElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca |
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Listing Agent Listing ID: R1705008 |
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Building Area Building Area: 1644 Square Feet |
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Not Senior CommunityUnits in Building: 2 |
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Association for this Listing: Ithaca Board of Realtors |
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Lot Area: 4477.968 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Expense Tenant Pays: All Utilities |
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Rent Includes: Other, See RemarksOwner Pays: Other, See Remarks |
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BasementMls Number: R1705008Living Area Range Units: Square FeetAttribution Contact: 607-229-8573Universal Property Id: US-36109-N-50070005700000030100000000-R-N |
Around this home
What Locals Say about Ithaca
At least 179 Trulia users voted on each feature.
92 % Say it's dog friendly
81 % Say car is needed
79 % Say there's wildlife
76 % Say parking is easy
73 % Say people would walk alone at night
64 % Say yards are well-kept
62 % Say kids play outside
60 % Say it's quiet
59 % Say neighbors are friendly
58 % Say there are sidewalks
56 % Say there's holiday spirit
54 % Say it's walkable to restaurants
49 % Say they plan to stay for at least 5 years
45 % Say it's walkable to grocery stores
43 % Say streets are well-lit
39 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Ithaca
Last updated August 2026
Avg. sale price
$464K
$57.87KMoM
Sale-to-List Price
99.0%
0.2%MoM
Price per sq ft
$230
$1MoM
Available listings
151
6MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.47 | Multi-Family Home | $342,200 | 01/13/26 | 4 | 2 | 1,864 | |
0.64 | Multi-Family Home | $255,000 | 11/10/25 | 4 | 2 | 1,800 | |
0.58 | Multi-Family Home | $425,000 | 07/30/26 | 4 | 2 | 2,052 | |
0.65 | Multi-Family Home | $370,000 | 07/07/26 | 2 | 2 | 1,778 | |
0.61 | Multi-Family Home | $313,650 | 03/20/26 | 4 | 2 | 2,082 | |
0.65 | Multi-Family Home | $389,000 | 01/06/26 | 4 | 2 | 2,190 | |
0.68 | Multi-Family Home | $430,000 | 05/22/26 | 5 | 2.5 | 2,140 | |
0.79 | Multi-Family Home | $488,800 | 06/18/26 | 4 | 2 | 1,931 | |
0.77 | Multi-Family Home | $400,000 | 06/01/26 | 4 | 3 | 3,157 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $330,200 | 3 | 1.5 | 1,408 | Off Market | |
0.07 | $161,100 | 2 | 1 | 964 | Off Market | |
0.13 | $284,900 | 3 | 2 | 1,090 | Off Market | |
0.15 | $294,700 | 3 | 1 | 1,252 | Off Market | |
0.18 | $263,100 | 3 | 1 | 1,536 | Off Market | |
0.17 | $545,000 | 3 | 2.5 | 2,585 | Recently Sold | |
0.22 | $436,000 | 3 | 1 | 1,515 | Off Market | |
0.23 | - | - | - | - | Off Market | |
0.20 | $400,000 | 2 | 2 | 1,169 | For Sale | |
0.24 | $2,500,000 | - | - | - | For Sale | |
0.20 | $470,000 | 2 | 2.5 | 1,520 | For Sale |
Price and Tax history
| Date | Event | Price |
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Sep 15, 2026 Source: NYSAMLSs #R1705008 | PriceChange | $225,000 Price decreased by 15% |
Aug 7, 2026 Source: NYSAMLSs #R1705008 | Listed For Sale | $265,000 |
Nov 23, 2019 Source: Agent Provided | ListingRemoved | $875 |
Oct 30, 2019 Source: Agent Provided | Listed For Rent | $875 |
| Year | Property tax | Tax assessment |
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| 2025 | Unavailable | $176,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Vincent Ferrara, Howard Hanna S Tier Inc, (607) 257-0800
Agent Phone: (607) 229-8573

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the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-09-22 13:25:53 PDT.
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Frequently asked questions about 121 Elm St
- What is the estimated monthly payment for 121 Elm St?Based on a $225,000 list price with 20% down at today's rates, the estimated monthly payment for 121 Elm St in Ithaca, NY is approximately $1,659 (about $1,200 principal & interest, $384 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 121 Elm St compare to homes in Ithaca?121 Elm St in Ithaca, NY is listed at $225,000, about 51% below the $464K median sale price in Ithaca.
- What do residents say about Ithaca?Residents describe Ithaca, NY as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Ithaca, NY.
- What are the closest schools to 121 Elm St?The closest schools to 121 Elm St in Ithaca, NY are Belle Sherman School (Pre-K/Elementary, rated 4/10), Beverly J Martin Elementary School (Pre-K, rated 3/10), Boynton Middle School (rated 8/10).
- Does 121 Elm St have parking?Yes, 121 Elm St in Ithaca, NY has on-site parking.
- Is there a virtual tour of 121 Elm St?Yes, a virtual tour of 121 Elm St in Ithaca, NY is available.
121 Elm St, Ithaca, NY 14850 is a 3 bedroom, 2 bathroom, 1,644 sqft multi-family built in 1910. This property is currently available for sale and was listed by NYSAMLSs on Aug 7, 2026. The MLS # for this home is MLS# R1705008.

