Land with Home for Sale in Freeville, New York
193-195 Upper Creek Rd, Freeville, NY 13068
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.
Location
- Street address
- 193-195 Upper Creek Rd
- County
- Tompkins County
- Zip code
- 13068
- Community
- Dryden-502489
- School district
- Dryden
- Elevation
- 1,032 feet
Property details
- Acreage
- 1.8 acres78,408 sq ft
- MLS #
- NYSAMLS B1714561
- Posted
Property taxes
- Recent
- $7,686
Parcels
- 502489-040-000-0001-045-002-0000
Details and features
Listing
- Type
- Residential Multi Family
- Unit Count
- 2
Lot
- Features
- Irregular Lot
Exterior
- Parking
- Garage, Open
Structure
- Water
- Well
- Sewer
- Septic Tank
- Heating
- Baseboard, Electric, Forced Air, Propane
- Materials
- Vinyl Siding
- Roof
- Metal, Shingle
Interior
- Rooms
- Basement, Bathroom x 2, Bedroom x 6
- Flooring
- Carpet, Hardwood, Varies, Vinyl
- Appliances
- Electric Water Heater
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Nearby schools
| Name | Type | District |
|---|---|---|
| Dryden Elementary | Elementary | Dryden |
| Dryden Middle | Middle | Dryden |
| Dryden High | High | Dryden |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 16, 2026 | New listing | $379,000 | — | NYSAMLS |
