Active

163 Ridge Road

Lansing, NY 14882

$635,000 $2,677/Mo

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Overview

Bed

Bath

2,832

Sqft

0.77

Acre(Lot)

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!

Property Details

Property Type : Residential Income

Price : $635,000

AD Id : 77805323

MLS Id : S1677371

Beds : 6

Lot Size : 0.77 Acre

Living Area Size : 2,832

Year Built : 1966

Garage : 1

County : Tompkins

Subdivision: Rhawnhurst

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4 Full Baths: 4
Flooring Information

Hardwood, Laminate, Tile, Varies
Roofing Information

Asphalt, Metal
Interior Features

Roof: Asphalt, Metal Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Ductless, Baseboard, Hot Water Has Cooling: Yes Cooling: Ductless

Building Information

Year Built: 1966 Building Area Total: 2832 Construction Materials: Frame, Vinyl Siding Stories: 2 Patio And Porch Features: Deck, Patio Private Pool: No
Exterior Features

Exterior Features: Balcony, Private Yard

Lot Information

Lot Dimensions: 168X249 Main Square Feet: 0.77 Acres Lot Size Acres: 0.77 Lot Size Square Feet: 33541 Lot Description: Irregular Lot, Other, See Remarks

Property Information

Subdivision: Ridge Road Sec 35 Source Property Type: Residential Income Property SubType: Multi Family Levels: Two Property Age: 60

Listing Price Information

Listing Price: $635000 Cash

Tax Information

Parcel Number: 503289-035-000-0001-002-000-0000 Tax Lot: 2 Annual Tax: $7984

Virtual Tour

Virtual Tour (External Link)

Parking Information

Garage, Gravel, Paved

Garage Information

Has Garage: Yes Garage Space: 1

Utility Information

Cable Available
Location Information

WaterSource: Private, Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1613 Ridge Road, Lansing, NY, 14882	$495,000	6	--	5,644	5,644 SqFt

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ByOwner last updated this listing 06/06/2026 @ 20:39

MLS: S1677371 LISTED BY: Stephanie Jacobson, Yaman Commercial Industrial 607-753-9644 SOURCE: Central New York Information Services