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Two detached homes on one lot. Turnkey, high-yield two-unit investment property. Both with income continuity generating a total of $4,200/month ($50,400 Gross Annual Income). Gross Rent Multiplier (GRM) of just 7.5. Both units feature 3 bedrooms and 1 bathroom. The properties are individually metered, tenants responsible for their own heat, electricity, and utilities. Many updated features including new roof, siding, flooring and appliances through. Established tenants are in place running throughout May 2027 and July 2027, offering immediate cash flow. Located within close proximity to Ithaca, Cornell University, and Ithaca College, ensuring a consistent local rental pool. Tax records state 1.63 acres. The seller and recent survey shows total area 1.8 acres.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/16/2026 |
|---|---|---|---|
| YEAR BUILT | 1940 | COMMUNITY | Dryden-502489 |
| GARAGE SPACES | 2.0 | COUNTY | Tompkins |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Dryden Elementary |
|---|---|
| Jr. High School | Dryden Middle |
| High School | Dryden High |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater, Water Heater |
|---|---|
| AREA | Dryden-502489 |
| BASEMENT | Full, Walk-Out Access, Yes |
| CONSTRUCTION | Other, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Forced Air, Propane |
| HOA DUES | Multi Family |
| INTERIOR | High Speed Internet |
| LOT | 1.8 acre(s) |
| LOT DESCRIPTION | Irregular Lot, Other, See Remarks |
| LOT DIMENSIONS | 552X148 |
| PARKING | Garage, Gravel, Garage Door Opener |
| SEWER | Septic Tank |
| STORIES | 2 |
| STYLE | Detached, Duplex |
| TAXES | 7686 |
| WATER | Private, Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Jonathan Minerick, Homecoin.com, 888-400-2513
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