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!
Property Details
Price:
$635,000
MLS #:
S1677371
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Ridge Road Sec 35
Neighborhood:
lansing503289
Listed Date:
Apr 28, 2026
Finished Sq Ft:
2,832
Total Sq Ft:
2,832
Lot Size:
33,541 sqft / 0.77 acres (approx)
Year Built:
1966
Units:
2
See this Listing
Schools
School District:
Lansing
Interior
Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Below Grade Finished Area
1416
Cooling
Ductless
Fireplaces Total
2
Flooring
Hardwood, Laminate, Tile, Varies
Heating
Ductless, Gas, Baseboard, Hot Water
Interior Features
Sliding Glass Doors, Sauna
Levels
Two
Exterior
Architectural Style
Triplex
Construction Materials
Frame, Vinyl Siding
Exterior Features
Balcony, Deck, Patio, Private Yard, See Remarks
Garage Spaces
1
Lot Features
Irregular Lot, Other, See Remarks
Parking Features
Garage, Gravel, Paved, Two Or More Spaces
Patio And Porch Features
Balcony, Deck, Patio
Roof
Asphalt, Metal
Stories
2
Financial
Taxes
$7,984
Map
Community
- Address163 Ridge Road Lansing NY
- SubdivisionRidge Road Sec 35
- CityLansing
- CountyTompkins
- Zip Code14882
Subdivisions in Lansing
Market Summary
Current real estate data for Multi Family in Lansing as of Jun 06, 2026
1
Multi Family Listed
39
Avg DOM
224
Avg $ / SqFt
$635,000
Avg List Price
Property Summary
- Located in the Ridge Road Sec 35 subdivision, 163 Ridge Road Lansing NY is a Multi Family for sale in Lansing, NY, 14882. It is listed for $635,000 To schedule a showing of MLS#s1677371 at 163 Ridge Road in Lansing, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Yaman Commercial Industrial. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 163 Ridge Road
Lansing, NY


