614-618 E State St, Ithaca, NY 14850
UNDER CONTRACT

614-618 E State St
Ithaca, NY 14850

  • 5 Beds
  • 2,869 sqft

$650,000

Est. Mortgage $3,371/mo*
Get Pre-Qualified

$650,000

Est. Mortgage $3,371/mo*
Get Pre-Qualified
5 Beds
2,869 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$227
Listed
143 days ago
Last check for updates: about 10 hours ago
Listing by: Howard Hanna S Tier Inc, (607) 257-0800
Kyle Steele, (607) 342-2148
Originating MLS: Ithaca Board of Realtors
Source: NYSAMLSs, MLS#R1654537
Also Listed on NYSAMLSs.

Home Details for 614-618 E State St

Active Status

MLS Status: Under Contract

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 28Days on Market: 143

Property Information

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

Price & Status

Price
List Price: $650,000Price Per Sqft: $227
Status Change & Dates
Possession Timing: Close Of Escrow

Location

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

Agent Information

Listing Agent
Listing ID: R1654537

Building

Building Area
Building Area: 2869 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Ithaca Board of Realtors

Lot Information

Lot Area: 3049.2 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash

Rental Terms, Policies & Fees

Rent Includes: Heat, Hot Water, Snow Removal, WaterFurnishedOwner Pays: Gas, Heat, Hot Water, Snow Removal, Water

Miscellaneous

BasementMls Number: R1654537Living Area Range Units: Square FeetZillow Contingency Status: Under ContractAttribution Contact: 607-342-2148Universal Property Id: US-36109-N-50070006800000020050000000-R-N

Price History for 614-618 E State St

DatePriceEventSource
01/16/2026$650,000ContingentNYSAMLSs #R1654537
12/19/2025$650,000Listed For SaleNYSAMLSs #R1654537

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615 E State St, Ithaca, NY
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122-24 Linn St, Ithaca, NY
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3,474
200 Miller St, Ithaca, NY
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Assigned Schools

These are the assigned schools for 614-618 E State St.
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

  • 78 % 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

Learn more about our methodology.
  • 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."
    4
    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
  • Dsevey
    "My commute is within 15 minutes and traffic is never an issue. I would like to see more public transportation options. "
    0
    Flag
  • LexiH
    "This place is pretty quiet, it’s a really nice neighborhood very safe and it’s close to the airport and many trails to walk so you can Birdwatch very beautiful during the summer and spring."
    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

LGBTQ Local Legal Protections

Kyle Steele, Howard Hanna S Tier Inc, (607) 257-0800
Agent Phone: (607) 342-2148
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 2026-05-11 15:08:51 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.
614-618 E State St, Ithaca, NY 14850 is a 5 bedroom, 2,869 sqft multi-family built in 1975. This property is currently available for sale and was listed by NYSAMLSs on Dec 19, 2025. The MLS # for this home is MLS# R1654537.