163 Ridge Rd

Lansing, NY 14882

$635,000
Price
6
Beds
2,832 Sq. Ft.
$224 / Sq. Ft.
2,832
Sq. Ft.
$224
per Sq. Ft.
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Description

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...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!
  1. Listed by Stephanie Jacobson • Yaman Commercial Industrial
    P: (607)-753-9644 C: (607)-857-3864 stephjacobsonre@gmail.com

Property Details for 163 Ridge Road

Subdivision Comm Complex
Ridge Road Sec 35
Styles Of Residence
Triplex
On Waterfront
No
Parking Description
Garage, Gravel, Paved, Two Or More Spaces
Nearest Cross Street
Portland Point Rd
LISTING UPDATED: 04/28/2026 09:02 PM

Property Details for 163 Ridge Road

StatusActive
MLS #S1677371
Days on Market2
Taxes$7,984 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1966
Lot Size0.77 AC / 33,541 SF
CountyTompkins County
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Location

Listing Courtesy of Yaman Commercial Industrial
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Building Information for 163 Ridge Road

Stories2Residences2Year Built1966Building Size-Lot Size0.77 AC / 33,541 SF

Payment Calculator

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$3,863 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,198

Property Taxes

$665

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 163 Ridge Road

Summary
Location and General Information
  • Elementary School District: Lansing
  • High School District: Lansing
  • Middle Or Junior School District: Lansing
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Lansing-503289
  • Tax Annual Amount: $7,984.00
Property
Lot Information
  • Below Grade Finished Area: 1416.0
  • Building Area Total: 2832.0
  • Land Features: Irregular Lot, Other, See Remarks
  • Num Of Acres: 0.77
  • Lot Size Area: 0.77
  • Lot Size Square Feet: 33541.0
  • Lot Size Units: Acres
  • Parcel Number: 503289-035-000-0001-002-000-0000
  • Lot Number: 2
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $325,000
  • Year Built: 1966
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Sewer Description: Septic Tank
  • Utilities Available: Cable Available, High Speed Internet Available
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Vinyl Siding
  • Exterior Features: Balcony, Deck, Patio, Private Yard, See Remarks
  • Foundation Description: Poured, Slab
  • Patio And Porch Features: Balcony, Deck, Patio
  • Roof Description: Asphalt, Metal
Interior Features
  • Appliances: Gas Water Heater
  • Num Of Possible Bedrooms: 6
  • HVAC Type: Ductless
  • Cooling YN: Yes
  • Door Features: Sliding Doors
  • Num Fireplaces Total Calculated: 2
  • Fireplace YN: Yes
  • Floor Description: Hardwood, Laminate, Tile, Varies
  • Heating: Ductless, Gas, Baseboard, Hot Water
  • Heating YN: Yes
  • Interior Features: Sliding Glass Doors, Sauna
  • Levels: Two
  • Sq Ft Total: 2832.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $126,708.00
  • Net Operating Income: $75,354.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 2
  • Operating Expenses: $43,370.00
  • Operating Expense Includes: Accounting, Advertising, Electric, Fuel, Insurance, Legal, Maintenance Structure, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $.00
  • Unit Type Num Full Baths: 0
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 0
Unit 2
  • Unit Type Actual Rent: $5,280.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: ,Den/Family Room,Dining Area With Kitchen,Eat-In Kitchen
  • Unit Type Total Rent: $5,280.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 5280
Unit 3
  • Unit Type Actual Rent: $5,280.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: Dishwasher,Refrigerator,Microwave,Den/Family Room,Formal Dining Room,Living Room,Porch
  • Unit Type Total Rent: $5,280.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 5280
Rental
Rental Information
  • Rent Includes: All Utilities

Property History for 163 Ridge Road

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Listed (Active)

WNYREIS #S1677371

$635,000—
Mar 12, 2026

Expired

WNYREIS #S1643660

—
Dec 15, 2025

TOM

WNYREIS #S1643660

—
DateEvent & SourcePrice
04/28/2026

Listed (Active)

WNYREIS #S1677371

$635,000
03/12/2026

Expired

WNYREIS #S1643660

—
12/15/2025

TOM

WNYREIS #S1643660

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 163 Ridge Road

Taxable ValueLand$38,200Additions$286,800Total$325,000
Home Facts
Baths3.5Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt1,416 SqFtFinished Basement SqFt1,416 SqFtStories1Lot Size33,541 SqFtStyleTriplexYear Built1966ZoningR2CountyTOMPKINSAPN503289 35.-1-2Fireplace TypeHas Fireplace

Schools near 163 Ridge Road

This home is within Lansing Central School District.
Rating
School
Type
Grades
Distance
Raymond C Buckley Elementary School
Public - PK to 4
Lansing Middle School
Public - 5 to 8
Lansing High School
Public - 9 to 12
Rating
School
Distance
Raymond C Buckley Elementary School
PublicPK to 4

Lansing Middle School
Public5 to 8

Lansing High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 163 Ridge Road, Lansing, NY 14882

163 Ridge Road is a multi-family home for sale in Lansing, NY 14882. This property was listed for sale on April 28, 2026 by Yaman Commercial Industrial, it's currently listed at $635,000. It has been on the market for a total of 2 days and was last sold on July 29, 2022. This listing's school district is Lansing Central School District. Nearby schools include Raymond C Buckley Elementary School, Lansing Middle School and Lansing High School. 163 Ridge Road is a 6-bed, 4-bath, 2,832 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Yaman Commercial Industrial

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.