137 Fayette St
Ithaca, NY 14850
- 3 Beds
- 2 Baths
- 1,792 sqft
3 Beds
2 Baths
1,792 sqft
Home Highlights
Climate Control
Heating only
Price/Sqft
$363
Listed
Less than a day ago
Local Information
-- mins to
About this House
Opportunities like this are exceptionally rare in downtown Ithaca. Completely reimagined in 2023, this property was taken down to the studs and rebuilt with quality craftsmanship throughout, offering the feel of new construction in one of the city’s most established neighborhoods.
Whether you’re looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification.
The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home.
Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties.
Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you’ll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone.
For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready.
Whether you’re looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification.
The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home.
Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties.
Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you’ll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone.
For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready.
Last check for updates: about 7 hours ago
Listing by: Keller Williams Realty, (607) 275-5600
Rio Lange
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1704787

Also Listed on NYSAMLSs.
Home Details for 137 Fayette St
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MLS Status: Active |
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Interior Details Basement: Full |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1792 Square Feet |
Appliances & Utilities Utilities: Sewer Connected, Water ConnectedAppliances: Electric Water Heater |
Heating & Cooling Heating: Electric,BaseboardHas HeatingHeating Fuel: Electric |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Luxury Vinyl, Tile, Varies |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Luxury Vinyl, Tile, Varies |
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Parking & Garage Parking: One Space |
Frontage Not on Waterfront |
Water & Sewer Sewer: Connected |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Construction Materials: Frame, Other |
Property Information Condition: ResaleParcel Number: 50070008000000060080000000 |
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Price List Price: $650,000Price Per Sqft: $363 |
Status Change & Dates Possession Timing: Closing |
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Direction & Address City: Ithaca City |
School Information Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca |
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Listing Agent Listing ID: R1704787 |
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Building Area Building Area: 1792 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: 4560.732 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA, Other, See Remarks, VA Loan |
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Rent Includes: Other, See RemarksOwner Pays: Other, See Remarks |
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BasementMls Number: R1704787Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-50070008000000060080000000-R-N |
Market trends in Ithaca
Last updated June 2026
Avg. sale price
$390K
$12.67KMoM
Sale-to-List Price
98.0%
0.3%MoM
Price per sq ft
$234
$6MoM
Available listings
143
13MoM
Price History for 137 Fayette St
| Date | Price | Event | Source |
|---|---|---|---|
| 08/06/2026 | $650,000 | Listed For Sale | NYSAMLSs #R1704787 |
| 02/03/2022 | $325,000 | Sold | NYSAMLSs #IB405528 |
| 10/25/2021 | $299,900 | Contingent | ITMLS #405528 |
| 10/14/2021 | $299,900 | Listed For Sale | ITMLS #405528 |
| 06/27/2013 | $178,000 | Sold | NYSAMLSs #IB137490 |
| 05/30/2013 | $192,200 | Pending | Agent Provided |
| 01/15/2013 | $192,200 | PriceChange | Agent Provided |
| 01/05/2013 | $197,200 | Listed For Sale | Agent Provided |
| 09/21/2012 | $193,000 | ListingRemoved | Agent Provided |
| 07/31/2012 | $193,000 | PriceChange | Agent Provided |
| 04/26/2012 | $198,200 | Listed For Sale | Agent Provided |
| 03/30/2006 | $174,000 | Sold | N/A |
Similar Homes You May Like
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $350,000 |
Home facts updated by county records
Comparable Sales for 137 Fayette St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Multi-Family Home | $313,650 | 03/20/26 | 4 | 2 | 2,082 | |
0.29 | Multi-Family Home | $370,000 | 07/07/26 | 2 | 2 | 1,778 | |
0.27 | Multi-Family Home | $310,000 | 08/12/25 | 4 | 2 | 2,408 | |
0.37 | Multi-Family Home | $342,200 | 01/13/26 | 4 | 2 | 1,864 | |
0.09 | Multi-Family Home | $430,000 | 05/22/26 | 5 | 2.5 | 2,140 | |
0.28 | Multi-Family Home | $425,000 | 07/30/26 | 4 | 2 | 2,052 | |
0.41 | Multi-Family Home | $255,000 | 11/10/25 | 4 | 2 | 1,800 | |
0.25 | Multi-Family Home | $389,000 | 01/06/26 | 4 | 2 | 2,190 | |
0.62 | Multi-Family Home | $320,000 | 03/05/26 | 4 | 2 | 1,792 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 137 Fayette St.
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.
LGBTQ Local Legal Protections
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Rio Lange, Keller Williams Realty, (607) 275-5600

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137 Fayette St, Ithaca, NY 14850 is a 3 bedroom, 2 bathroom, 1,792 sqft multi-family built in 1900. This property is currently available for sale and was listed by NYSAMLSs on Aug 6, 2026. The MLS # for this home is MLS# R1704787.

