For SaleMLS # S16773710 days on market

163 Ridge Road

Lansing, NY 14882 · Tompkins County

Price

$635,000

Bed / Bath

6 bd · 4 ba

Interior

2,832 sqft

Lot

33,541 sqft lot

Built

1966

Garage

1-car

About this home

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!

Interior features

Sliding Glass Doors
Sauna

Exterior features

Balcony
Deck
Patio
Private Yard
See Remarks

Appliances

Gas Water Heater

Mechanical

Heating

Ductless, Gas, Baseboard, Hot Water

Cooling

Ductless

Schools

District

Lansing

Tax & finance

Annual taxes

$7,984

Financing

Cash · Other · SeeRemarks

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Location

Lansing, NY 14882 · Tompkins County

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MLS Attribution

Listing courtesy of Yaman Commercial Industrial. Listing agent: Stephanie Jacobson. Data last updated 4/29/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.