REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jason Dugo

jason@dugorealty.com +1(518) 205-9555

$ 1,500,000

Est. payment | -/mo

18,715 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

18,715 SqFt

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,715 sqft

Price per Sqft $80

MLS Listing ID R1659030

Style Fourplex

Construction Status Existing

HOA Y/N No

Year Built 1983

Annual Tax Amount $34,187

Lot Size 0.700 Acres

Acres 0.7

Lot Dimensions 231X132

Property Sub-Type Multi Family

Property Description

Welcome to 119 Third Street, a striking Tudor-style property offering exceptional scale, architectural presence, and flexibility in a prime downtown Ithaca location. Rich in historic detail and thoughtfully configured, this rare multi-use building presents a compelling opportunity to acquire a property with substantial existing infrastructure and broad future potential. At the heart of the property is the expansive four-unit Lodge, encompassing over 11,000 square feet of space. The Lodge features a warm and welcoming lobby anchored by a wood stove, custom woodwork, leaded glass windows, and a central staircase that beautifully reflects the building's Tudor character. Common areas include a generous gathering hall with 18-foot ceilings, hardwood floors, and abundant natural light. The community dining space can seat a multitude of people, serviced by two fully outfitted commercial kitchens in addition to a shared residential kitchen—an infrastructure rarely found in properties of this type. Beyond the Lodge, the property is further enhanced by approximately 6,720± square feet of heated, clear-span storage space, featuring commercial loading access through an oversized door. This versatile area is well suited for storage, operations, or adaptive reuse, subject to approvals. An additional 500± square feet of previously approved commercial space—historically permitted for a small tea-packing business—adds further flexibility to the site. The property benefits from ample off-street parking, historically documented at approximately 30 parking spaces, significantly enhancing usability for residential, commercial, or mixed-use applications. Ideally located just minutes from downtown Ithaca, the Commons, and major employers, 119 Third Street offers a rare combination of scale, location, zoning context, and architectural integrity.
Whether maintained as a multi-unit residential property, repositioned as an investment asset, or explored for permitted mixed-use opportunities through the City's review process, 119 Third Street stands as a truly rare offering—defined by architectural significance, legal clarity, and exceptional adaptability.

Location

State NY

County Tompkins

Area Ithaca-City-500700

Direction Third street on the corner of Madison and Third

Rooms

Basement Crawl Space

Interior

Interior Features Cathedral Ceiling(s), Entrance Foyer, Storage, Natural Woodwork, Bedroom on Main Level

Heating Gas, Baseboard, Electric, Hot Water

Flooring Hardwood, Other, See Remarks, Tile, Varies

Fireplaces Number 1

Fireplace Yes

Window Features Leaded Glass

Appliance Gas Water Heater

Laundry Common Area

Exterior

Exterior Feature Deck

Utilities Available High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Slate,Tile

Handicap Access Accessible Bedroom

Porch Deck

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot, Residential Lot

Story 3

Foundation Stone

Sewer Connected

Water Connected, Public

Architectural Style Fourplex

Structure Type Aluminum Siding,Stucco,Wood Siding,PEX Plumbing

Construction Status Existing

Schools

Elementary Schools Beverly J Martin Elementary

High Schools Ithaca Senior High

School District Ithaca

Others

Senior Community No

Tax ID 45.-1-1.2

Security Features Fire Escape

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna S Tier Inc 607-351-1823

NEARBY SCHOOL & BUSINESS

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY, 12477, United States

119 Third ST Ithaca, NY 14850