502 University Avenue

Ithaca, NY 14850


One of the oldest homes on University Avenue, the Mary B. Wood House was built for and occupied by Ezra Cornell’s mother-in-law and is named after her. The house is Second Empire style and was built in 1873. Fully leased and the gross income for 2022.2023 year is $72,600.Converted to student housing in the 1980s, this house has 5 units, legal for 8 unrelated people. 2019 Certificate of Compliance to convey. Landlord’s style is to pay utilities, though there are 3 heating systems and future owner could pass on heating costs for 2 of 5 units.3rd heating system heats 3 remaining apts. Landlord provides hot and cold water, most furnishings and all appliances on site. Seller to provide inventory of personal property. Tenants in this building have the right to use coin-op laundry located at 508 University, owned by the same landlord.

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