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Active
    • Price cut: $36K (8/6)
    $599,000

    163 Ridge Rd, Lansing, NY 14882

    6beds
    2,832sqft
    Triplex, Multi Family
    Built in 1966
    -- sqft lot
    $-- Zestimate®
    $212/sqft
    $-- HOA

    What's special

    Cozy bedroomsCovered raised deckWalkout covered patioBright and airy layoutOpen dining areaCustom lighting and fixtures
    **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!
    121 days
    |
    243
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Yaman Commercial Industrial 607-753-9644,

    Stephanie Jacobson 607.753.9644

    Source: NYSAMLSs,MLS#: S1677371MLS LogoOriginating MLS: Cortland

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Ductless, Gas, Baseboard, Hot Water
      Cooling
      • Ductless
      Appliances
      • Included: Gas Water Heater
      Features
      • Sliding Glass Door(s), Sauna
      • Flooring: Hardwood, Laminate, Tile, Varies
      • Doors: Sliding Doors
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 2,832
      • Total interior livable area: 2,832 sqft
      • Finished area below ground: 1,416
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage, Gravel, Paved, Two or More Spaces
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Balcony, Deck, Patio
      • Exterior features: Balcony, Deck, Patio, Private Yard, See Remarks
      Lot
      • Size: 0.77 Acres
      • Dimensions: 168 x 249
      • Features: Irregular Lot, Other, See Remarks
      Details
      • Parcel number: 50328903500000010020000000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Triplex
      • Property subtype: Triplex, Multi Family
      Materials
      • Frame, Vinyl Siding
      • Foundation: Poured, Slab
      • Roof: Asphalt,Metal
      Condition
      • Resale
      • Year built: 1966

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Available, High Speed Internet Available

      Community & HOA

      Community
      • Subdivision: Ridge Road Sec 35
      Location
      • Region: Lansing

      Financial & listing details

      • Price per square foot: $212/sqft
      • Tax assessed value: $325,000
      • Annual tax amount: $7,984
      • Date on market: 4/28/2026
      • Listing terms: Cash,Other,See Remarks

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/6/2026Price change$599,000-5.7%$212/sqft
        Source: NYSAMLSs #S1677371 Report a problem
        4/28/2026Listed for sale$635,000-3.8%$224/sqft
        Source: NYSAMLSs #S1677371 Report a problem
        12/15/2025Listing removed$660,000$233/sqft
        Source: NYSAMLSs #S1643660 Report a problem
        10/8/2025Listed for sale$660,000+121.3%$233/sqft
        Source: NYSAMLSs #S1643660 Report a problem
        7/29/2022Sold$298,300-5.3%$105/sqft
        Source: NYSAMLSs #IB406347 Report a problem
        5/19/2022Pending sale$315,000$111/sqft
        Source: ITMLS #406347 Report a problem
        5/3/2022Contingent$315,000$111/sqft
        Source: ITMLS #406347 Report a problem
        4/5/2022Listed for sale$315,000-1.3%$111/sqft
        Source: ITMLS #406347 Report a problem
        4/4/2022Listing removed--
        Source: NYSAMLSs #S1386865 Report a problem
        2/14/2022Price change$319,000-1.8%$113/sqft
        Source: ITMLS #405838 Report a problem
        1/3/2022Listed for sale$325,000-1.5%$115/sqft
        Source: ITMLS #405838 Report a problem
        12/22/2021Listing removed--
        Source: ITMLS #405360 Report a problem
        11/10/2021Price change$330,000-1.5%$117/sqft
        Source: ITMLS #405360 Report a problem
        10/14/2021Listed for sale$335,000+58.8%$118/sqft
        Source: ITMLS #405360 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        3/7/2018Listing removed$2,450$1/sqft
        Source: Owner Report a problem
        2/26/2018Listed for rent$2,450$1/sqft
        Source: Owner Report a problem
        2/23/2018Sold$210,960-8.2%$74/sqft
        Source: NYSAMLSs #IB311455 Report a problem
        12/19/2017Pending sale$229,900$81/sqft
        Source: WARREN REAL ESTATE #311455 Report a problem
        9/22/2017Listed for sale$229,900+40.2%$81/sqft
        Source: WARREN REAL ESTATE #311455 Report a problem
        7/14/2004Sold$164,000+60%$58/sqft
        Source: Public Record Report a problem
        2/2/1998Sold$102,500$36/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $325,000
        2024-- $325,000 +8.3%
        2023-- $300,000 +35.7%
        2022-- $221,000 +5.2%
        2021-- $210,000 +5.3%
        2020-- $199,500
        2019-- $199,500
        2018-- $199,500
        2017$2,370 $199,500
        2016-- $199,500 +5%
        2015-- $190,000
        2014-- $190,000
        2013-- $190,000
        2012-- $190,000
        2011-- $190,000
        2010-- $190,000
        2009-- $190,000
        2008-- $190,000 +15.2%
        2007-- $165,000
        2006-- $165,000
        2005-- $165,000 +17.9%
        2004-- $140,000 +16.7%
        2003-- $120,000 +13.6%
        2002-- $105,600 +3%
        2001-- $102,500
        2000-- $102,500
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 14882

        Getting around

        4 / 100
        Car-Dependent
        10 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Lansing

        Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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