327 Coddington Rd
Ithaca, NY 14850
South Hill
6 Beds
4 Baths
4,056 sqft (on 0.84 acres)
6 Beds
4 Baths
4,056 sqft
(on 0.84 acres)
Home Highlights
Outdoor
Porch
Price/Sqft
$126
Climate Control
Natural Gas, Zoned & Zoned
Listed
45 days ago
Local Information
- Map ViewExplore the area around 327 Coddington Rd.
- Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
- Shop & Eat
-- mins to
About this House
Investment opportunity with four rental units, two separate dwellings, panoramic Ithaca views, and a premier South Hill location are exceptionally rare.
Located in the TOWN of ITHACA with valley views, this rare four-unit property offers the opportunity to build equity while generating income from day one. Featuring two separate buildings, four rental units, and a coveted South Hill location just minutes from Ithaca College.
Whether you are looking to secure an asset for your portfolio or "house-hack" where rent covers your living expenses, this multi-structure setup stands ready to deliver.
The owner's unit feels more like a private home than an apartment, featuring a spacious kitchen with maple cabinetry, granite countertops, and a breakfast bar, an inviting living room centered around a classic brick fireplace, a sun-filled bonus room perfect for a home office or reading nook, and direct access to an expansive covered patio.
The property includes three units within the main house along with a detached two-story bungalow, creating four distinct income opportunities. Two tenants are secured through July 2027, providing dependable long-term income, while the first-floor unit and lower-level apartment offer immediate flexibility for an owner-occupant or an investor looking to lease.
Rents are currently structured to include heat, water, sewer, and trash removal.
This property is being sold As-Is, eliminating negotiation friction and accelerating your path to closing. To make your transaction seamless, professional home inspections and radon tests have already been completed for both structures. The reports are available for review, allowing you to bypass the usual multi-week inspection delays and secure your financing with total clarity.
With two units leased through July 2027, your baseline revenue is guaranteed from day one.
Net Rentable (SqFt) 2,838
Cap Rate. 8%
1.37× DSCR
Located in the TOWN of ITHACA with valley views, this rare four-unit property offers the opportunity to build equity while generating income from day one. Featuring two separate buildings, four rental units, and a coveted South Hill location just minutes from Ithaca College.
Whether you are looking to secure an asset for your portfolio or "house-hack" where rent covers your living expenses, this multi-structure setup stands ready to deliver.
The owner's unit feels more like a private home than an apartment, featuring a spacious kitchen with maple cabinetry, granite countertops, and a breakfast bar, an inviting living room centered around a classic brick fireplace, a sun-filled bonus room perfect for a home office or reading nook, and direct access to an expansive covered patio.
The property includes three units within the main house along with a detached two-story bungalow, creating four distinct income opportunities. Two tenants are secured through July 2027, providing dependable long-term income, while the first-floor unit and lower-level apartment offer immediate flexibility for an owner-occupant or an investor looking to lease.
Rents are currently structured to include heat, water, sewer, and trash removal.
This property is being sold As-Is, eliminating negotiation friction and accelerating your path to closing. To make your transaction seamless, professional home inspections and radon tests have already been completed for both structures. The reports are available for review, allowing you to bypass the usual multi-week inspection delays and secure your financing with total clarity.
With two units leased through July 2027, your baseline revenue is guaranteed from day one.
Net Rentable (SqFt) 2,838
Cap Rate. 8%
1.37× DSCR
Last check for updates: about 16 hours ago
Listing by: RE/MAX In Motion, (607) 277-1500
Lindsay Hart, (607) 227-5990
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1694420
Also Listed on NYSAMLSs.
Home Details for 327 Coddington Rd
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MLS Status: Active |
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Interior Details Basement: Full,Finished |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 4056 Square Feet |
Appliances & Utilities Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Electric Water Heater, Gas Water Heater |
Heating & Cooling Heating: Electric,Gas,Zoned,BaseboardAir Conditioning: ZonedHas HeatingHeating Fuel: Electric |
Fireplace & Spa Number of Fireplaces: 1Has a Fireplace |
Windows, Doors, Floors & Walls Door: Sliding DoorsFlooring: Carpet, Laminate, Varies, Vinyl |
Levels, Entrance, & Accessibility Number of Stories: 1Floors: Carpet, Laminate, Varies, Vinyl |
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Exterior Home Features Roof: ShinglePatio / Porch: Balcony, Open, PorchExterior: BalconyFoundation: Block |
Parking & Garage Parking: Concrete,Gravel,Two or More Spaces |
Frontage Road Frontage: City StreetNot on Waterfront |
Water & Sewer Sewer: Connected |
Finished Area Finished Area (below surface): 1222 Square Feet |
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Days on Market: 45 |
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Year Built Year Built: 1945 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Construction Materials: Frame |
Property Information Condition: ResaleParcel Number: 50308905300000010160020000 |
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Price List Price: $510,000Price Per Sqft: $126 |
Status Change & Dates Possession Timing: Closing, Other, See Remarks, Subject To Tenant Rights |
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Direction & Address City: Ithaca Town |
School Information Elementary School: South HillElementary School District: IthacaJr High / Middle School District: IthacaHigh School District: Ithaca |
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Listing Agent Listing ID: R1694420 |
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Building Area Building Area: 4056 Square Feet |
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Community Features: Trails/PathsNot Senior CommunityUnits in Building: 4 |
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Association for this Listing: Ithaca Board of Realtors |
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Lot Area: 0.84 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Rent Includes: Electricity, Heat, WaterOwner Pays: Electricity, Heat, Water |
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BasementMls Number: R1694420Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-50308905300000010160020000-R-N |
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Trails/Paths |
Around this home
- Belle Sherman School
- PK-5
- Public
- 347 Students
4/10GreatSchools RatingParent Rating AverageThe best program is reading. Everyday bear folder has new books to read.Other Review9y ago - Caroline Elementary School
- PK-5
- Public
- 273 Students
9/10GreatSchools RatingParent Rating AverageWe had a great extra Caroline. Maybe kids attended from K-5th. Small class sizes (my sons K class had only 12 kids!) mean lots of teacher-student interaction. Teachers engage the kids with interesting projects and they use the outdoor nature campus for many learning opportunities. The principal was great too. All around a fantastic school!Parent Review4y ago - Beverly J Martin Elementary School
- PK-5
- Public
- 258 Students
3/10GreatSchools RatingParent Rating AverageIn comparison to other elementary schools of the ICSD, BJM is a truer reflection of inclusion and cultural diversity. If you want your child to learn how to appreciate difference in gender, race, socioeconomic status, ability, and be exposed to a myriad of ways of thought, I would encourage you to consider this school.Other Review8y ago - Enfield School
- PK-5
- Public
- 165 Students
3/10GreatSchools RatingParent Rating AverageEnfield is an awesome school. The class sizes are small, teachers are enthusiastic and supported by their administrators and there is a real sense of community. There is a curriculum centered around gardens and farming. There’s a creek and sledding hills and kids spend a lot of time outside year round.Parent Review3y ago - Fall Creek Elementary School
- PK-5
- Public
- 217 Students
6/10GreatSchools RatingParent Rating Average
No reviews available for this school. - South Hill School
- PK-5
- Public
- 363 Students
9/10GreatSchools RatingParent Rating AverageSouth Hill has provided a great educational and social experience for my kid in the two years we've been there. Classes are small, teachers are committed, there is a great number of aides supporting teachers, and there is good social-emotional support. We have experience some minor level of bullying that has been addressed strongly and assertively by leadership, including direct involvement of the Principal who is very approachable and involved in all school matters. Infrastructure is great, there are plenty opportunities for parent involvement as well, and the school is generally well run.Parent Review1y ago - Cayuga Heights Elementary
- PK-5
- Public
- 270 Students
9/10GreatSchools RatingParent Rating AverageThe teacher should stop telling the students that they don’t need to go to college. The students should make that decision at the right time in high school. The teacher should focus more on the learning.Parent Review11mo ago
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about South Hill
At least 11 Trulia users voted on each feature.
87 % Say people would walk alone at night
86 % Say it's dog friendly
78 % Say car is needed
69 % Say parking is easy
67 % Say neighbors are friendly
67 % Say they plan to stay for at least 5 years
67 % Say there are sidewalks
65 % Say yards are well-kept
65 % Say there's wildlife
64 % Say there's holiday spirit
62 % Say it's quiet
60 % Say it's walkable to grocery stores
50 % Say it's walkable to restaurants
45 % Say kids play outside
40 % Say streets are well-lit
13 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Ithaca
Last updated July 2026
Avg. sale price
$406K
$17.33KMoM
Sale-to-List Price
99.2%
1.1%MoM
Price per sq ft
$228
$6MoM
Available listings
145
2MoM
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 |
|---|---|---|---|---|---|---|---|
0.85 | Multi-Family Home | $425,000 | 01/20/26 | 8 | 3 | 2,640 | |
0.18 | Multi-Family Home | $314,000 | 05/18/26 | 3 | 2 | 1,538 | |
0.75 | Multi-Family Home | $19,000 | 10/17/25 | 7 | 4 | 3,640 | |
0.92 | Multi-Family Home | $615,000 | 08/05/26 | 4 | 3.5 | 2,888 | |
1.10 | Multi-Family Home | $945,000 | 02/10/26 | 7 | 6 | 3,474 | |
1.11 | Multi-Family Home | $685,000 | 04/16/26 | 8 | 4 | 3,700 | |
1.18 | Multi-Family Home | $462,500 | 06/10/26 | 4 | 2.5 | 2,024 | |
1.13 | Multi-Family Home | $505,000 | 03/04/26 | 5 | 4 | 3,080 | |
1.16 | Multi-Family Home | $512,500 | 11/24/25 | 5 | 2 | 2,629 |
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 | $230,800 | 2 | 1 | 1,135 | Off Market | |
0.10 | $461,100 | 4 | 2.5 | 1,816 | Off Market | |
0.12 | $498,200 | 4 | 2 | 2,076 | Off Market | |
0.11 | $378,000 | 4 | 2.5 | 2,576 | Recently Sold | |
0.11 | $155,000 | 3 | 1 | 1,638 | Recently Sold | |
0.15 | $326,100 | 3 | 2 | 1,648 | Off Market | |
0.18 | $314,000 | 3 | 2 | 1,538 | Recently Sold | |
0.20 | $131,000 | 2 | 1.5 | 802 | Off Market | |
0.22 | $381,800 | 4 | 2 | 2,064 | Off Market | |
0.19 | - | - | - | - | Off Market | |
0.28 | $400,000 | 6 | 5 | 2,832 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 3, 2026 Source: NYSAMLSs #R1694420 | PriceChange | $510,000 Price decreased by 5% |
Jul 15, 2026 Source: NYSAMLSs #R1694420 | PriceChange | $535,000 Price decreased by 4% |
Jul 6, 2026 Source: NYSAMLSs #R1694420 | Listed For Sale | $555,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | Unavailable | $490,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Lindsay Hart, RE/MAX In Motion, (607) 277-1500
Agent Phone: (607) 227-5990
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program
of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with
the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-08-20 10:27:28 PDT.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties
are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.
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Frequently asked questions about 327 Coddington Rd
- What is the estimated monthly payment for 327 Coddington Rd?Based on a $510,000 list price with 20% down at today's rates, the estimated monthly payment for 327 Coddington Rd in Ithaca, NY is approximately $3,558 (about $2,612 principal & interest, $871 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 327 Coddington Rd compare to homes in Ithaca?327 Coddington Rd in Ithaca, NY is listed at $510,000, about 26% above the $406K median sale price in Ithaca.
- What do residents say about the South Hill neighborhood?Residents describe the South Hill neighborhood in Ithaca, NY as dog-friendly, easy to park in, and neighborly. Most residents say you need a car. See homes for sale in South Hill, Ithaca.
- What are the closest schools to 327 Coddington Rd?The closest schools to 327 Coddington Rd 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 327 Coddington Rd have parking?Yes, 327 Coddington Rd in Ithaca, NY has on-site parking.
- Is there a virtual tour of 327 Coddington Rd?Yes, a virtual tour of 327 Coddington Rd in Ithaca, NY is available.
327 Coddington Rd, Ithaca, NY 14850 is a 6 bedroom, 4 bathroom, 4,056 sqft multi-family built in 1945. 327 Coddington Rd is located in South Hill, Ithaca. This property is currently available for sale and was listed by NYSAMLSs on Jul 6, 2026. The MLS # for this home is MLS# R1694420.