6 beds2,832 sqft$212/sqft
163 Ridge Rd, Lansing, NY 14882
Est: $3,710/moGet pre-approved

Description

Now offered at an actual 12% cap rate! 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...Now offered at an actual 12% cap rate! 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!
LISTING UPDATED: 08/06/2026 05:11 PM

Property Details for 163 Ridge Road

Status
MLS #
S1677371
Days on Market
118
Taxes
$7,984 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Residential
Year Built
1966
Lot Size
0.77 AC / 33,541 SF
Architectural Style
Triplex
Subdivision Name
Ridge Road Sec 35
Has Waterfront
No

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

$3,710 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,045

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
  • Cross Street: Portland Point Rd
  • Latitude: 42.54174644
  • Longitude: -76.52082039
  • MLS Area Major: Lansing-503289
  • Senior Community: No
  • Township: Not Applicable
Taxes and HOA
  • Parcel Number: 503289-035-000-0001-002-000-0000
  • Tax Annual Amount: $7,984.00
  • Tax Assessed Value: 325000
  • Tax Lot: 2
School Information
  • Elementary School District: Lansing
  • High School District: Lansing
  • Middle Or Junior School District: Lansing
Parking
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Garage, Gravel, Paved
Property
Lot Information
  • Lot Features: Irregular Lot, Other, See Remarks
  • Lot Size Acres: 0.77
  • Lot Size Area: 0.77
  • Lot Size Units: Acres
  • Lot Size Dimensions: 168X249
  • Lot Size Square Feet: 33541.0
Property and Assessments
  • Below Grade Finished Area: 1416.0
  • Building Area Total: 2832.0
  • Living Area: 2832.0
  • Property Condition: Resale
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1966
  • Year Built Details: Existing
Building Features
  • Construction Materials: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Levels: Two
  • Roof: Asphalt, Metal
  • Stories: 2
  • Total Stories: 2
Utilities
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Door Features: Sliding Doors
  • Exterior Features: Balcony, Private Yard
  • Patio And Porch Features: Deck, Patio
Interior Features
  • Appliances: Gas Water Heater
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Cooling: Ductless
  • Has Cooling: Yes
  • Total Fireplaces: 2
  • Has Fireplace: Yes
  • Flooring: Hardwood, Laminate, Tile, Varies
  • Heating: Natural Gas, Ductless, Baseboard, Hot Water
  • Has Heating: Yes
  • Interior Features: Sauna
  • Main Level Bathrooms: 0
Multi Family
Multi Family Information
  • Number Of Units In Community: 3
  • Number Of Units Total: 2
Income & Expenses
  • Gross Income: $126,708
  • Net Operating Income: $75,354
  • Operating Expense: $43,370.00
  • Operating Expense Includes: Accounting, Advertising, Fuel, Insurance, Legal, Maintenance Structure, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water/Sewer
Unit Information
Unit 1
  • Actual Rent: $.00
  • Baths Total: 0
  • Beds Total: 0
  • Description: ,Other - See Remarks
  • Total Rent: $.00
Unit 2
  • Actual Rent: $5,280.00
  • Baths Total: 2
  • Beds Total: 3
  • Description: ,Den/Family Room,Dining Area With Kitchen,Eat-In Kitchen
  • Total Rent: $5,280.00
Unit 3
  • Actual Rent: $5,280.00
  • Baths Total: 2
  • Beds Total: 3
  • Description: Dishwasher,Refrigerator,Microwave,Den/Family Room,Formal Dining Room,Living Room,Porch
  • Total Rent: $5,280.00

Property History for 163 Ridge Road

DateEvent & SourcePriceAppreciation
Aug 6, 2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1677371

$599,000
Aug 6, 2026

Price Change

WNYREIS #S1677371

$599,000
Aug 6, 2026

Price Change

Central New York Information Services #S1677371

$599,000
DateEvent & SourcePrice
08/06/2026

Price Change

New York State Alliance of MLSs (Buffalo) #S1677371

$599,000
08/06/2026

Price Change

WNYREIS #S1677371

$599,000
08/06/2026

Price Change

Central New York Information Services #S1677371

$599,000

For completeness, we 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
Public - PK to 4
Public - 5 to 8
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.

Similar Homes

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 $599,000. It has been on the market for a total of 118 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Yaman Commercial Industrial

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Compass and its related brokerages shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.