New

Open House

$650,000

For Sale

6 days ago

137 Fayette St, Ithaca, NY

Name: 137 Fayette St, For Sale in Ithaca - eXp Realty
Brand: Keller Williams Realty
SKU: R1704787
Price: 650000 USD

House

MLS® R1704787

3 Bed

2 Bath

1792 sqft

Open House

Thu Aug 13, 1:00-2:00 PM EDT

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size 1792 sqft

Garage

Taxes $11,291

Days Active 6

Lot Size 0.1047 Acres

Approx. Age 1900

Avg. Price Per Sqft $362

MLS® Number R1704787

Property Address: 137 Fayette St, Ithaca, NY, 14850-5262

Average square foot calculated using Size range provided by listing agent.

Description

Opportunities like this are exceptionally rare in downtown Ithaca. Completely reimagined in 2023, this property was taken down to the studs and rebuilt with quality craftsmanship throughout, offering the feel of new construction in one of the city’s most established neighborhoods. Whether you’re looking for a primary residence with supplemental rental income, a fully income-producing investment, or housing with exceptional flexibility, this property delivers. Configure it as a spacious two-bedroom home with a separate one-bedroom apartment, or lease both units to maximize its investment potential. Its desirable downtown location also lends itself well to long-term, mid-term, or short-term rental strategies, subject to local regulations and buyer verification. The main residence offers an open-concept layout with soaring ceilings, generous living spaces, two spacious bedrooms, a dedicated den, and a full bathroom on the main level. Thoughtful design details, including oversized live-edge wood window sills, add warmth and character to the modern finishes. Upstairs, the private one-bedroom apartment features an open kitchen and living area, a spacious bedroom with an en-suite full bath, and the same high-end finishes carried throughout the home. Every major system was replaced and structurally enhanced during the 2023 renovation, including electrical, plumbing, windows, kitchens, bathrooms, flooring, fixtures, and finishes. Ask your agent for the complete list! Beautiful tile backsplashes, custom tiled showers, and quality materials throughout create a level of finish seldom found in nearby properties. Situated on a corner lot with valuable off-street parking and a welcoming wraparound porch, you’ll enjoy walkable access to the Ithaca Commons, restaurants, shopping, entertainment, and downtown employers. Even better, the home is located outside the flood zone. For investors, owner-occupants, or even buyers seeking housing with built-in flexibility, this is a truly unique opportunity to own what is essentially a newly constructed property in the heart of downtown Ithaca. Turn key and move in ready.

MLS® NumberR1704787

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementFull

DrivewayOne Space

Garage Spaces

HeatElectric, Baseboard

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 5, 2026List Date

$650,000List Price

Commute

Commute

Starting Address

Destination Address

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