614-618 E State St
Ithaca, NY 14850
- 5 Beds
- 2,869 sqft
$600,000
Last Sold: Jun 18, 2026
8% below list $650K
$209/sqft
Est. Refi. Payment $4,087/mo*
$600,000
Last Sold: Jun 18, 2026
8% below list $650K
$209/sqft
Est. Refi. Payment $4,087/mo*
5 Beds
2,869 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1975
Living Area
2,869 sqft
Price/Sqft
$209/sqft
About this House
Located at the highly visible corner of East State Street and Quarry Street, 614–618 E State Street presents a compelling opportunity to acquire a well-positioned, income-producing multifamily asset in Ithaca’s sought-after Lower Collegetown area. This five-unit property combines a diversified unit mix, recent capital improvements, and a prime corner location that benefits from strong rental demand driven by proximity to Cornell University, Downtown Ithaca, and key transit corridors.
The building comprises five apartments thoughtfully configured to appeal to a broad tenant base. The unit mix includes 2 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, providing flexibility and resilience across leasing cycles. Two of the apartments—one on the top floor and one on the bottom floor—have been recently renovated, offering immediate upside and are presently being leased up. These updated units help elevate the overall rental profile of the property while demonstrating the potential to systematically renovate remaining apartments over time. Investors can pursue a phased value-add strategy, increasing rents through continued interior upgrades while maintaining cash flow from occupied units.
The corner location at East State Street and Quarry Street significantly enhances the property’s appeal. East State Street is a major east–west corridor connecting Downtown Ithaca to Collegetown and Cornell University, providing excellent visibility, accessibility, and long-term desirability
The building comprises five apartments thoughtfully configured to appeal to a broad tenant base. The unit mix includes 2 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, providing flexibility and resilience across leasing cycles. Two of the apartments—one on the top floor and one on the bottom floor—have been recently renovated, offering immediate upside and are presently being leased up. These updated units help elevate the overall rental profile of the property while demonstrating the potential to systematically renovate remaining apartments over time. Investors can pursue a phased value-add strategy, increasing rents through continued interior upgrades while maintaining cash flow from occupied units.
The corner location at East State Street and Quarry Street significantly enhances the property’s appeal. East State Street is a major east–west corridor connecting Downtown Ithaca to Collegetown and Cornell University, providing excellent visibility, accessibility, and long-term desirability
614-618 E State St, Ithaca, NY 14850 is a 5 bedroom, 2,869 sqft multi-family built in 1975. It last sold for $600,000 on Jun 18, 2026 (8% below the $650,000 asking price). It is currently off market. The Trulia Estimate is $600,500, with a rent estimate of $1,973/month.
Home Details for 614-618 E State St
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MLS Status: Closed |
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Interior Details Basement: Full |
Beds & Baths Number of Bedrooms: 5 |
Dimensions and Layout Living Area: 2869 Square Feet |
Appliances & Utilities Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, RefrigeratorDishwasherLaundry: Common AreaMicrowaveRefrigerator |
Heating & Cooling Heating: Gas,Hot WaterHas HeatingHeating Fuel: Gas |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Hardwood, Laminate, Varies |
Levels, Entrance, & Accessibility Stories: 3Number of Stories: 3Floors: Hardwood, Laminate, Varies |
Room & Shared Space Shared space is furnished |
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Exterior Home Features Roof: AsphaltExterior: Gravel Driveway |
Parking & Garage No GarageParking: One Space,No Garage |
Frontage Road Frontage: Main ThoroughfareNot on Waterfront |
Water & Sewer Sewer: Connected |
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Cumulative Days on Market: 28 |
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Year Built Year Built: 1975 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Cedar |
Property Information Condition: ResaleParcel Number: 50070006800000020050000000 |
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Price List Price: $650,000Price Per Sqft: $209/sqft |
Status Change & Dates Off Market Date: Fri Jan 16 2026Possession Timing: Close Of Escrow |
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Direction & Address City: Ithaca City |
School Information Elementary School: Belle ShermanElementary School District: IthacaJr High / Middle School: Dewitt MiddleJr High / Middle School District: IthacaHigh School District: Ithaca |
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Building Area Building Area: 2869 Square Feet |
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Community Features: NoneNot Senior Community |
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Association for this Listing: Ithaca Board of Realtors |
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Lot Area: 3049.2 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash |
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Rent Includes: Heat, Hot Water, Snow Removal, WaterFurnishedOwner Pays: Gas, Heat, Hot Water, Snow Removal, Water |
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BasementMls Number: R1654537Living Area Range Units: Square FeetAttribution Contact: 607-342-2148Universal Property Id: US-36109-N-50070006800000020050000000-R-N |
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None |
Last check for updates: about 14 hours ago
Listed by Kyle Steele, (607) 342-2148
Howard Hanna S Tier Inc
Bought with: David Wahl, (607) 227-3132, Warren Real Estate of Ithaca Inc. (Downtown)
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1654537

Price History for 614-618 E State St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/26/2026 | $650,000 | Pending | NYSAMLSs #R1654537 |
| 06/18/2026 | $600,000 | Sold | NYSAMLSs #R1654537 |
| 01/16/2026 | $650,000 | Contingent | NYSAMLSs #R1654537 |
| 12/19/2025 | $650,000 | Listed For Sale | NYSAMLSs #R1654537 |
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
Comparable Sales for 614-618 E State St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.03 | Multi-Family Home | $401,000 | 03/13/26 | 6 | 2 | 3,326 | |
0.14 | Multi-Family Home | $352,500 | 12/08/25 | 4 | 2 | 2,011 | |
0.47 | Multi-Family Home | $505,000 | 03/04/26 | 5 | 4 | 3,080 | |
0.42 | Multi-Family Home | $350,000 | 03/03/26 | 6 | 2.5 | 2,240 | |
0.30 | Multi-Family Home | $380,000 | 01/09/26 | 6 | 2 | 2,656 | |
0.31 | Multi-Family Home | $685,000 | 04/16/26 | 8 | 4 | 3,700 | |
0.49 | Multi-Family Home | $580,000 | 08/19/25 | 7 | 3 | 2,666 | |
0.58 | Multi-Family Home | $497,500 | 06/22/26 | 6 | 2 | 2,234 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 614-618 E State 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
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 614-618 E State St
Off Market Homes Near 614-618 E State St
Frequently asked questions about 614-618 E State St
- What is 614-618 E State St estimated to be worth?Trulia's estimated value for 614-618 E State St in Ithaca, NY is $600,500.
- What is the price history for 614-618 E State St?614-618 E State St in Ithaca, NY last sold for $600,000 in June 2026.
- Is Ithaca a buyer's or seller's market?Ithaca is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Ithaca?The median sale price in Ithaca is $390K. That is down $12.67K from the prior month.
- Does 614-618 E State St have laundry facilities?Yes, 614-618 E State St in Ithaca, NY has laundry facilities.

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