163 Ridge Road, Lansing

$ 635,000

Overview

  • Updated On:
  • April 29, 2026
  • 2,832.00 ft2 Interior
  • 6 Bedrooms
  • 4 Bathrooms
  • 0.77 ac Acres

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 Location

Street: 163 Ridge Road
Tax Area: Lansing
County:
Postal City: Lansing
State: NY
Zip: 14882
School District: Lansing
Waterfront Y/N: No
HOA Y/N: No

Property Details

Property Id: 899326
Price: $ 635,000
Property Size: 2,832.00 ft2
Property Lot Size: 0.77 ac
Bedrooms: 6
Bathrooms: 4
Waterfront Y/N: No
Architectural Style: Triplex
Bathrooms Full: 4
Bathrooms Total: 4
Bedrooms Total: 6
Below Grade Sq Ft: 1416
Building Sq Ft Total: 2832
Cooling: Ductless
Elementary School District: Lansing
Fireplaces Total: 2
Flooring: Hardwood, Laminate, Tile, Varies
Foundation Details: Poured, Slab
Garage Spaces: 1
Gross Income: 126708
Heating: Ductless, Gas, Baseboard, HotWater
High School District: Lansing
Latitude: 42.541572
Levels: Two
List Office Name: Yaman Commercial Industrial
List Office Phone: 607.753.9644
List Price: 635000
Listing Id: S1677371
Living Sq Ft: 2832
Longitude: -76.520815
Lot Features: IrregularLot, Other, SeeRemarks
Acres: 0.77
Lot Acres: 0.77
Lot Dimensions: 168X249
Middle School District: Lansing
Status: Active
Net Operating Income: 75354
Operating Expense: 43370
Operating Expense Includes: Accounting, Advertising, Electric, Fuel, Insurance, Legal, MaintenanceStructure, Maintenance, ProfessionalManagement, SnowRemoval, Trash, Utilities, WaterSewer
Patio & Porch Features: Balcony, Deck, Patio
Photos: 40
Possession: CloseOfEscrow
Postal City: Lansing
Zip Code: 14882
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!
Rent Includes: AllUtilities
Roof: Asphalt, Metal
StateOrProvince: NY
Stories: 2
Street Name: Ridge
Street Number: 163
Street Number Numeric: 163
Street Suffix: Road
Total Taxes: 7984
Assessed Value: 325000
Town: Not Applicable
Utilities: CableAvailable, HighSpeedInternetAvailable
Water Source: Well
Year Built: 1966
YearBuiltDetails: Existing

Amenities and Features

Other Features
Balcony
Deck
GasWaterHeater
Has Cooling System
Has Fireplace
Has Garage
Has Heating System
Patio
PrivateYard
Sauna
SeeRemarks
SlidingGlassDoors

Virtual Tour

Map

Courtesy Of : Yaman Commercial Industrial
607.753.9644

The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Edelweiss Properties Realtors, LLC are marked with the IDX logo and include the Listing Brokerage’s Name and Phone Number.

All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the Listing Brokerage nor Edelweiss Properties Realtors, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. All rights reserved.

Payment Calculator

$ 3,255.77
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,462.02

Page Views Statistics

Schedule a tour

Wed 29 Apr
Thu 30 Apr
Fri 01 May
Sat 02 May
Sun 03 May
Mon 04 May
Tue 05 May
Wed 06 May
Thu 07 May
Fri 08 May
In Person
Video Chat
Your information

Contact Me

Schedule a showing?

Property Reviews

No reviews found.
You need to login in order to post a review

Similar Listings

ResidentialLease
Active
$ 3,250

20 Blue Heron, Lansing

Ithaca's premier luxury patio home community on Blue Heron Way. Newly constructed 1 or 2 c ...
Beds:
2
Baths:
2
Sq Ft:
1,250.00 ft2
Residential
ActiveUnderContract
$ 979,000

72 Tigerlily Ln, Lansing

This custom-built contemporary masterpiece offers an exquisite living experience for the d ...
Beds:
5
Baths:
5
Sq Ft:
3,589.00 ft2

Compare Listings

The team at Edelweiss Properties