163 Ridge Road, Lansing, NY 14882
Local realty services provided by:CENTURY 21 Turner Brokers
Listed by: stephanie jacobson
Office: yaman commercial industrial
MLS#:S1677371
Source:NY_GENRIS
Price summary
- Price:$599,000
- Price per sq. ft.:$211.51
About this home
**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!
Contact an agent
Home facts
- Year built:1966
- Subdivision & Development:Ridge Road Sec 35
- Listing ID #:S1677371
- Added:136 day(s) ago
- Updated:September 12, 2026 at 03:08 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood, Laminate, Tile, Varies
- Bathrooms Description:Sauna
- Living area:2,832 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas, Hot Water
Structure and exterior
- Roof:Asphalt, Metal
- Year built:1966
- Building area:2,832 sq. ft.
- Lot area:0.77 Acres
- Lot Features:Irregular Lot
- Architectural Style:Triplex
- Construction Materials:Frame, Vinyl Siding
- Exterior Features:Balcony, Deck, Patio
- Foundation Description:Poured
- Levels:2 Stories
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$211.51
- Tax amount:$7,984
Features and amenities
- Amenities:Balcony, Deck, Sauna
Parking
- Parking description:Garage, Gravel Driveway, Paved
- Garage:Yes
- Garage spaces:1
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