502 W Court St, Ithaca, NY 14850

The Perfect House Hack — Location, Cashflow, and Endless Potential Across from Washington Park! Live in one, let the other pay your mortgage. If you’ve been waiting for the right opportunity to break into the Ithaca market or add a high-potential asset to your portfolio, 502 W Court St demands a look. Sitting right across from the lush, vibrant expanse of Washington Park, this classic 1860 duplex offers a location that simply cannot be replicated. With 5 bedrooms, 3 bathrooms, and 2,552 square feet of versatile space—plus the convenience of dual street frontage—this property has a phenomenal footprint. It’s no secret that this asset requires some TLC, but seasoned investors and savvy house-hackers know: ugly spells equity. The 2nd-floor apartment is already generating a reliable $1,600/month with the tenant covering utilities, putting money in your pocket from day one. The owner-occupied 1st-floor unit will be vacating, giving you a clean slate to move right in, customize your own space, and let the upstairs rent do the heavy lifting on your monthly payment. Off-street parking in this neighborhood is a massive win, and having laundry available in both units ensures effortless tenant appeal. Enjoy park-side living with downtown Ithaca just moments away. Bring your a-team, seize the upside, and turn this incredible location into your smartest real estate move yet.