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$635,000

Est. payment - /mo

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6 Beds

4 Baths

2,832 SqFt

Active

163 Ridge RD Lansing, NY 14882

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Abby M. Russell

abby@russellsolutionsre.com +1(607) 846-0456

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,832 sqft

Price per Sqft $224

Subdivision Ridge Road Sec 35

MLS Listing ID S1677371

Style Triplex

Bedrooms 6

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1966

Annual Tax Amount $7,984

Lot Size 0.770 Acres

Acres 0.77

Lot Dimensions 168X249

Property Sub-Type Multi Family

Property 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 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!

Location

State NY

County Tompkins

Community Ridge Road Sec 35

Area Lansing-503289

Interior

Interior Features Sliding Glass Door(s), Sauna

Heating Ductless, Gas, Baseboard, Hot Water

Cooling Ductless

Flooring Hardwood, Laminate, Tile, Varies

Fireplaces Number 2

Fireplace Yes

Appliance Gas Water Heater

Exterior

Exterior Feature Balcony, Deck, Patio, Private Yard, See Remarks

Garage Spaces 1.0

Utilities Available Cable Available, High Speed Internet Available

Roof Type Asphalt,Metal

Porch Balcony, Deck, Patio

Garage Yes

Building

Lot Description Irregular Lot, Other, See Remarks

Story 2

Foundation Poured, Slab

Sewer Septic Tank

Water Well

Architectural Style Triplex

Level or Stories Two

Structure Type Frame,Vinyl Siding

Construction Status Existing

Schools

School District Lansing

Others

Senior Community No

Tax ID 503289-035-000-0001-002-000-0000

Acceptable Financing Cash, Other, See Remarks

Listing Terms Cash, Other, See Remarks

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1677371

Listed by Yaman Commercial Industrial 607.753.9644

NEARBY SCHOOL & BUSINESS

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Abby M. Russell

Licensed Associate Broker | License ID: 1030121086

+1(607) 846-0456

163 Ridge RD Lansing, NY 14882

Abby M. Russell

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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163 Ridge RD