508 University Ave, Ithaca, NY 14850
OFF MARKET

$599,100

Trulia Estimate
  • 8 Beds
  • 2,452 sqft

508 University Ave, Ithaca, NY 14850

Est. Refi. Payment $4,267/mo*
Refinance Your Home
Currently Off Market - Sold Nov 8, 2023 for $607,000

Home Value

Trulia Estimate
$599K
Since last month
Increased$4K (+0.7%)
Since last year
Decreased$5K (-0.8%)
Since last sale
Decreased$3K (-0.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -8% in the last 10 years
MonthEstimated value
2026
September 2026$604K
August 2026$600K
July 2026$584K
June 2026$597K
May 2026$594K
April 2026$596K
March 2026$617K
February 2026$584K
January 2026$583K
2025
2024
2023
2022
2021

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
402 University Ave, Ithaca, NY
0.09
Multi-Family Home
$445,000
04/29/26
5
3
2,661
842 N Aurora St, Ithaca, NY
0.20
Multi-Family Home
$465,000
09/30/25
5
2
2,408
614 N Aurora St, Ithaca, NY
0.22
Multi-Family Home
$429,000
07/17/26
4
2
1,590
445 N Tioga St, Ithaca, NY
0.33
Multi-Family Home
$497,500
06/22/26
6
2
2,234
116-116.5 Heights Ct, Ithaca, NY
0.60
Multi-Family Home
$519,584
08/19/26
7
3
3,290
122-24 Linn St, Ithaca, NY
0.34
Multi-Family Home
$320,000
03/05/26
4
2
1,792

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
512 University Ave, Ithaca, NY 14850
0.02
$583,600
6
3
2,535
Off Market
502 University Ave, Ithaca, NY 14850
0.04
$602,600
Studio
-
2,040
Off Market
402 University Ave, Ithaca, NY 14850
0.09
$445,000
5
3
2,661
Recently Sold
109 Lake St, Ithaca, NY 14850
0.13
-
3
2
1,833
Off Market
510 Linn St, Ithaca, NY 14850
0.11
$446,400
3
3
2,576
Off Market
202 Lake St, Ithaca, NY 14850
0.14
$525,000
4
3
1,704
For Sale
111 Lake St, Ithaca, NY 14850
0.14
$406,100
3
2
1,925
Off Market
113 Lake St, Ithaca, NY 14850
0.14
$405,800
3
1.5
1,596
Off Market
533-535 Linn St, Ithaca, NY 14850
0.16
$471,500
4
3
1,863
Off Market
N Aurora St N, Ithaca, NY 14850
0.16
$502,400
6
2
2,128
Off Market
205 N Willard Way, Ithaca, NY 14850
0.18
$704,600
4
2.5
2,725
Off Market

Local Information

  • Map ViewExplore the area around 508 University Ave.
  • Schools7 Preschool Schools8 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1895
2,452 sqft
$244/sqft

About this House

What's unique:Fresh electrical certNew c of c
This house was built as a rooming house and income property by Evelyn Powelson, who lived at 504 University. This house has 5 units, legal for 12 unrelated tenants. Owner working on new C of C, including fresh electrical cert. Gross income is $81,200 includ. $2k annually from 2 washers and 3 dryers in laundry. Tenants in neighboring bldgs also use laundry machines. 2 Navien combo boilers/hot water heaters; one serves ground floor apt and the other heats the other units.One of the Naviens makes hot water for the laundry. Seller pays for all heat and hot water, including laundry. 2 units on main level pay their own electric, but landlord pays all other electricity. Apts are provided partially furnished; seller to provide inventory of furniture and appliances.
508 University Ave, Ithaca, NY 14850 is a 8 bedroom, 2,452 sqft multi-family built in 1895. It last sold for $607,000 on Nov 8, 2023 (5% below the $639,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $599,100.
Last check for updates: about 13 hours ago
Listed by Carol Bushberg, (607) 279-4530
Carol Bushberg Real Estate
Edward Finegan, (607) 279-0234
EDWARD J FINEGAN
Bought with: Carol Bushberg, (607) 279-4530, Carol Bushberg Real Estate
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#IB408818

Home Details for 508 University Ave

Interior Features

Interior Details
Basement: Full,Partially Finished,Walk-Out Access
Beds & Baths
Number of Bedrooms: 8
Dimensions and Layout
Living Area: 2452 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: See RemarksLaundry: Common Area,Coin-operated
Heating & Cooling
Heating: Gas,Separate Meters,Baseboard,Hot WaterAir Conditioning: Separate MetersHas HeatingHeating Fuel: Gas

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Stone
Parking & Garage
Parking: Concrete,No Driveway,Off Site,Other,Parking Available,One Space,On Street,See Remarks,Two or More Spaces
Water & Sewer
Sewer: Connected

Property Information

Year Built
Year Built: 1895
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame
Property Information
Parcel Number: 500700 32.21

Price & Status

Price
List Price: $639,000
Status Change & Dates
Off Market Date: Wed Nov 08 2023Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: Ithaca CityCommunity: University Hill Historic
School Information
Elementary School: Fall Creek ElementaryElementary School District: IthacaJr High / Middle School: Boynton MiddleJr High / Middle School District: IthacaHigh School District: Ithaca

Building

Building Area
Building Area: 2452 Square Feet

Community

Community Features: Laundry FacilitiesUnits in Building: 4

HOA

Association for this Listing: Ithaca Board of Realtors

Lot Information

Lot Area: 6969.6 sqft

Offer

Listing Terms: Conventional

Business

Expense
Tenant Pays: Electricity

Miscellaneous

BasementMls Number: IB408818Living Area Range Units: Square FeetUniversal Property Id: US-36109-N-500700 3221-R-N

Additional Information

Laundry Facilities

Price and Tax history

DateEventPrice
Nov 8, 2023
Source: NYSAMLSs #IB408818
Sold
$607,000
Sep 26, 2023
Source: ITMLS #408818
Pending
$639,000
Jul 5, 2023
Source: ITMLS #408818
Contingent
$639,000
Jun 17, 2023
Source: ITMLS #408818
Listed For Sale
$639,000
Sep 9, 2022
Source: ITMLS #406574
ListingRemoved

Market trends in Ithaca

Last updated August 2026
Buyer'sMarketSeller'sMarket
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

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Bkmonroe1012
    "Its bearable at times. Traffic mostly when the students are back and or when there is construction. "
    0
    Flag
  • Dorota S
    "Nature, proximity to shopping and leisurely activities, quiet."
    0
    Flag
  • Lamont Nelson-fish
    "It’s a good walking neighborhood "
    0
    Flag
  • Trulia User
    "Meeting neighbors for fireplace socializing and watching everyone’s pets is great. The view of July 4th is lovely"
    5
    Flag
  • Trulia User
    "Lots of inebriated college students driving short distances around the neighborhoods when they shouldn’t be and overly intoxicated walking by houses shouting/ overly rowdy at all times of the night & early morning."
    5
    Flag
  • Trulia User
    "Dog friendly and family friendly. Close to Northeast Elementary and Dewitt Middle school - I used to walk to school as a kid growing up there. Safe"
    0
    Flag
  • Trulia User
    "Lots of college students partying (loud music, public drinking/intoxication, recreational drug use, etc..)."
    4
    Flag
  • Trulia User
    "I have been living in Cayuga heights for 4 years, love it absolutely. Feel sad to leave such a quiet and beautiful place."
    0
    Flag
  • Samara G.
    "They would like the dog park mostly the skateboard park and the only thing they wouldn’t like is some landlords expect dog deposits and some don’t allow dogs, whether working dog or not."
    9
    Flag
  • Vanessa H. B.
    "I walk to my office, which is around the corner from where I live. I love it! There is public transport, which I would feel good about using if I moved. "
    4
    Flag
  • Tristan H.
    "Public transportation is readily available and accessible by all who live in Cayuga Heights. TCAT busses run very often and go in all directions."
    4
    Flag
  • Lj279
    "It is hard to live here and depend on public transportation. You must have a car for groceries and emergencies. There is no biking path or good side walks. "
    10
    Flag
  • Mnichols
    "I have lived on south hill for 25 years in 2 different homes. It is close to downtown and state park, I can walk to ithaca college and buttermilk falls park in 10 min each."
    6
    Flag
  • Kurtwright
    "Close to CORNELL campus......walkable Close to Ithaca Commons.....walkable Well maintained historic houses"
    0
    Flag
  • Trulia User
    "You see people walking their dogs all the time. The local park is a great asset of the neighborhood. "
    3
    Flag
  • Joshua P.
    "Views, street lights and nature trail. Traffic can get a bit fast, but the road is safe. New bike paths across the bridge are interesting "
    2
    Flag
  • Paul
    "It is a very easy commute to downtown. Slightly more to the colleges. I consider commutes under 15 minutes to be easy though. I know Ithacans complain about traffic at the “octopus”, but that’s only because most of them have never seen traffic."
    1
    Flag
  • David W.
    "Amazing location! I walk 10 blocks to work. Gimme Coffee is on the way. Historic Northside Triangle is the place to be!"
    0
    Flag
  • Dani932
    "The apartments aren't upgraded for the amount you pay on a one-bedroom. The area is quiet and l haven't had any issues living here."
    0
    Flag
  • Ronald B.
    "Semi-rural atmosphere. Lots of walking paths and hiking trails in the area. Our area of Dryden is in the Ithaca School District, whisky is very good."
    0
    Flag
  • Trulia User
    "Beautiful, nice view. The community is looking forward to sidewalks that will help the area become more navigating. The community is nice but not as inviting as some may like."
    7
    Flag
  • Latoya Peterson
    "Landlords don’t except Section 8 assistants. Good luck getting your security deposit back!?! Slum lords own most property here unfortunately."
    11
    Flag
  • Trulia User
    "Access to public transportation a plus. They need to work on installing shoulders on west king road. Commuting is easy"
    5
    Flag
  • Paul
    "I've lived in the area for 13 years. I've lived in Northeast Ithaca specifically for 5 years. Northeast Ithaca is very competitive as far as buying a home. The people are great and Northeast Elementary including the Ithaca City School District is beyond amazing. Northeast Ithaca is close to Cornell University. There are many reasons why homes in in Northeast Ithaca are in high demand."
    1
    Flag
  • Littlespoon1970
    "I have lived here for three years and I feel safe in this neighborhood. People are friendly and it’s in walking distance to the commons and my work at Ithaca High School."
    0
    Flag
  • Ithacadale169
    "the area I live in is quiet and full of nature with a creek and trails to walk. there are a few loud dogs but they are usually quiet"
    0
    Flag
  • Paul
    "We have neighborhood holiday parties and always run into many familiar faces at community events. Ithaca is a safe small town with great restaurants and attractions."
    1
    Flag
  • Joann.reinhardt
    "Community that gives to family & children of many activities. Dryden offers healthy activities for all ages. Library is an investment for the community. "
    0
    Flag
  • Joann.reinhardt
    "Great community for young families as well as the retired couples. The city and colleges offer many free entertainment to all of the residents. Many grocery stores and restaurants and retail stores to shop. Unique shops on the main common area in the middle of the city. There is so many outdoor lights activities for all ages in the Finger Lakes area. "
    0
    Flag
  • Tim T.
    "There are two parks in a three block area. Level walking throughout the neighborhood. It would be nice however for the city to make the parks more dog friendly and put up waste containers for doggy poop bags. "
    1
    Flag
  • Theguru1992
    "ithaca is a collage towns with many store fronts an bars stores are simple walk down the hill. great place to live or rent with family or going to college"
    0
    Flag
  • Kristin c.
    "Like: many dog owners and they are friendly Not like: no sidewalks on roads where cars drive very fast"
    0
    Flag
  • Mmogelonsky
    "Lots of dogs everywhere and great walking paths...not a lot of sidewalks but drivers are careful. A bit of a drive to the dog park downtown but there are some open areas nearby "
    2
    Flag

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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 2026-09-23 10:27:43 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.

Frequently asked questions about 508 University Ave

  • What is 508 University Ave estimated to be worth?
    Trulia's estimated value for 508 University Ave in Ithaca, NY is $599,100.
  • What is the price history for 508 University Ave?
    508 University Ave in Ithaca, NY last sold for $607,000 in November 2023.
  • Is Ithaca a buyer's or seller's market?
    Ithaca is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Ithaca?
    The median sale price in Ithaca is $464K. That is up $57.87K from the prior month.
  • Does 508 University Ave have laundry facilities?
    Yes, 508 University Ave in Ithaca, NY has laundry facilities.
  • Does 508 University Ave have parking?
    Yes, 508 University Ave in Ithaca, NY has on-site parking.

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