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6 Beds
4 Baths
2,832 sqft

$599,000

163 Ridge Road, Lansing NY, 14882

Price per sqft$211.51
Built in1966
Property size2,832 sqft
Property typeMulti-family

Overview

Active

Listed Apr 28, 2026

Updated Aug 7

**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!

$3,985/mo

Est. mortgage payment based on a $599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
S1677371

Interior Features

Bedrooms
6
Bathrooms
4
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.77 Acres

Other Property Details

Taxes
$7,984
Tax Frequency
Annually
Garage
Yes
MLS provider logo

 

Courtesy of Yaman Commercial Industrial, Stephanie Jacobson

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), Bonnie Pagano Team, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 4:27 AM UTC, 8/7/2026

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