163 Ridge Road Lansing, NY $ 635,000
163 Ridge Road
$ 635,000
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163 Ridge Road

Lansing, NY, 14882
$ 635,000
Bedrooms6 Baths4.0 Sq 2,832

Monthly Estimate*

$ 3,910

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Multi-Family Home for sale in Lansing, NY

for $635,000 with 6 bedrooms and 4 full baths. This 2,832 square foot home was built in 1966 on a lot size of 0.77.

This charming Lansing multifamily has been fully renovated and optimized for short- and mid-term rental, and had a gross income of $126,708 in 2025. This STR operation is entirely turnkey, from listings to advertising to management and cleaning. Guests love the proximity to Myer's Park and the convenience of shopping and restaurants. The main unit has a fireplace, bright and airy layout, a fully updated kitchen with bar seating and open dining area, and covered raised deck. The lower unit has a second luxurious fireplace, a walkout covered patio, truly open kitchen and living space, and cozy bedrooms. Both units are furnished down to the silverware in mid-century modern style, with custom lighting and fixtures. The house is a legal three-unit, but is currently utilizing two. Contact agent for OM and financial information- this one is performing at an actual 12% cap rate!

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Multi-Family Active

Price

$ 635,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,984

Style

Triplex

Lot Size

0.77

Year Built

1966

Town/City

Lansing

County/Region

Tompkins

MLS | Web ID

S1677371

Features
Interior
Interior Amenities SlidingGlassDoors Sauna
Flooring Hardwood Laminate Tile Varies
Total Fireplaces 2
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Half Baths 0
Total Bedrooms 6
Below Grade Finished Area 1416.0
Main Level Bathrooms 0
Total Baths 4
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General
Sewer SepticTank
Heating Ductless Gas Baseboard HotWater
Cooling Ductless
Utilities CableAvailable HighSpeedInternetAvailable
Possession CloseOfEscrow
Roof Asphalt Metal
Appliances GasWaterHeater
Garage Spaces 1.0
Patio/Porch Features Balcony Deck Patio
Architectural Style Triplex
Construction Materials Frame VinylSiding
School District Lansing
Year Built 1966
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Gross Income 126708.0
County Tompkins
Net Operating Income 75354.0
Operating Expense 43370.0
Property Type Residential
Subdivision Name Ridge Road Sec 35
Garage Y/N Yes
Rent Includes AllUtilities
Full Baths 4
Status Active
City Lansing
Senior Community Y/N No
High School District Lansing
Number Of Units Total 2
MLS Area Lansing-503289
Lot Size Units Acres
Lot Size Square Feet 33541.0
Year Built Details Existing
Tax Annual Amount 7984.0
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1677371 https://www.propertypanorama.com/instaview-tour/syr/S1677371
Standard Status Active
Middle/Junior School District Lansing
Elementary School District Lansing
Tax Assessed Value 325000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 2
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Exterior
Exterior Amenities Balcony Deck Patio PrivateYard SeeRemarks
Parking Features Garage Gravel Paved TwoOrMoreSpaces
Lot Features IrregularLot Other SeeRemarks
Water Source Well
Lot Size Area 0.77
Foundation Details Poured Slab
Building Area Total 2832.0
Lot Dimensions 168X249
Lot Size Acres 0.77
Waterfront Y/N No
Door Features SlidingDoors
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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Internal Only
Street Number 1 163
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* Excluded Features
List By
Yaman Commercial Industrial

Broker

(607) 857-3864

Phone

Affordability Calculator

$4,575
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,910
Monthly Property Taxes
$665
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5386605 Elementary School
5386604 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2026$635,000 Listed Price

Map


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163 Ridge Road, Lansing, NY, 14882 is a Multi-Family Home for sale at $635,000 with 2,832 sqft and a lot size of 0.77. 163 Ridge Road has 6 bedrooms, 4.0 baths, and was built in 1966. The property's zip code is 14882 which is in Lansing, NY