547-545 Spencer Rd
Ithaca, NY 14850
- Studio
- 2,916 sqft (on 0.69 acres)
Studio
2,916 sqft
(on 0.69 acres)
Local Information
-- mins to
Description
Welcome to the Downtown Ithaca Hideout! This spacious side by side duplex sits on an oversized lot bordering the buttermilk nature trail. Many improvements and very strong rental income. Newly rebuilt front porch with added privacy fence and new retaining wall. Conveniently located on the bus route and close to downtown shopping. Less than 3 miles from Cornell or IC. Solid owner occupy or investment opportunity. Each unit features 4 bedrooms and 1 bathroom with a private yard. Zoned for 3 unrelated each side. Endless opportunities and loads of potential. Currently both sides are being run as short term rentals. In the past 1 side was long term and 1 side short term but has been switched in response to the strength of the short term rental market.
547-545 Spencer Rd, Ithaca, NY 14850 is a studio, 2,916 sqft multi-family built in 1900. It last sold for $266,000 on Aug 30, 2021. It is currently off market. The Trulia Estimate is $335,300, with a rent estimate of $1,611/month.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 547-545 Spencer Rd
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Heating & Cooling Heating: Forced Air, GasHeating Fuel: Forced Air |
Appliances & Utilities Refrigerator |
Levels, Entrance, & Accessibility Floors: Tile, Hardwood, Laminate, Linoleum Vinyl |
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Exterior Home Features Roof: Asphalt |
Parking & Garage Parking Space: 1 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Multi Family |
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Lot Area: 0.69 acres |
Price History for 547-545 Spencer Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 08/30/2021 | $266,000 | Sold | N/A |
| 05/17/2021 | ListingRemoved | ITMLS | |
| 05/14/2021 | $279,900 | Listed For Sale | ITMLS #404404 |
| 11/30/2020 | $249,900 | ListingRemoved | Agent Provided |
| 10/24/2020 | $249,900 | Pending | Agent Provided |
| 08/24/2020 | $249,900 | PriceChange | Agent Provided |
| 07/31/2020 | $259,900 | PriceChange | Agent Provided |
| 04/29/2020 | $269,900 | Listed For Sale | Agent Provided |
Market trends in Ithaca
Last updated May 2026
Avg. sale price
$404K
$17.17KMoM
Sale-to-List Price
—
Price per sq ft
$229
$1MoM
Available listings
156
25MoM
Comparable Sales for 547-545 Spencer Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.32 | Multi-Family Home | $425,000 | 01/20/26 | 8 | 3 | 2,640 | |
0.27 | Multi-Family Home | $310,000 | 08/12/25 | 4 | 2 | 2,408 | |
0.54 | Multi-Family Home | $313,650 | 03/20/26 | 4 | 2 | 2,082 | |
0.70 | Multi-Family Home | $200,000 | 04/28/26 | 4 | 3 | 2,034 | |
0.48 | Multi-Family Home | $430,000 | 05/22/26 | 5 | 2.5 | 2,140 | |
0.41 | Multi-Family Home | $299,000 | 08/15/25 | 4 | 2 | 1,524 | |
0.54 | Multi-Family Home | $505,000 | 03/04/26 | 5 | 4 | 3,080 | |
0.56 | Multi-Family Home | $350,000 | 03/03/26 | 6 | 2.5 | 2,240 | |
0.71 | Multi-Family Home | $380,000 | 01/09/26 | 6 | 2 | 2,656 | |
0.62 | Multi-Family Home | $945,000 | 02/10/26 | 7 | 6 | 3,474 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 547-545 Spencer Rd.
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
77 % 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.
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