163 Ridge Rd Lansing, NY 14882
Lansing AreaEstimated payment $3,954/month
Highlights
- Sauna
- Deck
- 2 Fireplaces
- Raymond C. Buckley Elementary School Rated A-
- Wood Flooring
- Private Yard
About This Home
**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!
Listing Agent
Listing by Yaman Commercial Industrial Brokerage Phone: 607.753.9644 License #10401301213 Listed on: 04/28/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,984
Year Built
- Built in 1966
Lot Details
- 33,541 Sq Ft Lot
- Lot Dimensions are 168x249
- Irregular Lot
- Private Yard
Parking
- 1 Car Garage
- Gravel Driveway
Home Design
- Triplex
- Slab Foundation
- Poured Concrete
- Frame Construction
- Vinyl Siding
Interior Spaces
- 2,832 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Sliding Doors
- Sauna
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Balcony
- Deck
- Patio
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Well
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 503289-035-000-0001-002-000-0000
Community Details
Overview
- 3 Units
- Ridge Road Sec 35 Subdivision
Building Details
- 3 Separate Gas Meters
- Operating Expense $43,370
- Gross Income $126,708
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $325,000 | $38,200 | $286,800 |
| 2024 | $8,787 | $325,000 | $38,200 | $286,800 |
| 2023 | $8,919 | $300,000 | $38,200 | $261,800 |
| 2022 | $7,050 | $221,000 | $38,200 | $182,800 |
| 2021 | $6,945 | $210,000 | $38,200 | $171,800 |
| 2020 | $6,654 | $199,500 | $38,200 | $161,300 |
| 2019 | $2,399 | $199,500 | $38,200 | $161,300 |
| 2018 | $6,047 | $199,500 | $38,200 | $161,300 |
| 2017 | $2,401 | $199,500 | $34,500 | $165,000 |
| 2016 | $2,408 | $199,500 | $34,500 | $165,000 |
| 2015 | -- | $190,000 | $34,500 | $155,500 |
| 2014 | -- | $190,000 | $34,500 | $155,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/06/2026 08/06/26 | Price Changed | $599,000 | -5.7% | $212 / Sq Ft | |
| 04/28/2026 04/28/26 | For Sale | $635,000 | +112.9% | $224 / Sq Ft | |
| 07/29/2022 07/29/22 | Sold | $298,300 | -5.3% | $105 / Sq Ft | View Prior Sale |
| 06/29/2022 06/29/22 | Pending | -- | -- | -- | |
| 04/05/2022 04/05/22 | For Sale | $315,000 | +49.3% | $111 / Sq Ft | |
| 02/23/2018 02/23/18 | Sold | $210,960 | -8.2% | $74 / Sq Ft | View Prior Sale |
| 01/24/2018 01/24/18 | Pending | -- | -- | -- | |
| 09/22/2017 09/22/17 | For Sale | $229,900 | -- | $81 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $303,300 | None Available | |
| Executors Deed | $210,960 | -- | |
| Deed | $164,000 | Randall Marcus | |
| Deed | $102,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $212,310 | Purchase Money Mortgage | |
| Previous Owner | $168,768 | Unknown |
Source: Cortland County Board of REALTORS®
MLS Number: S1677371
APN: 503289-035-000-0001-002-000-0000
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