163 Ridge Rd, Lansing, NY, 14882
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1966
Materials
- Foundation: Poured,Slab
- Roof: Asphalt,Metal
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subType: Triplex,Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Sliding Glass Door(s),Sauna
- Door features: Sliding Doors
- Flooring: Hardwood,Laminate,Tile,Varies
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area below ground: 1,416
Heating & Cooling
- Heating features: Ductless,Gas,Baseboard,Hot Water
- Cooling features: Ductless
Interior Area
- Total structure area: 2,832
- Total interior livable area: 2,832 sqft
Property
Details
- Parcel number: 50328903500000010020000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony,Deck,Patio
- Exterior features: Balcony,Deck,Patio,Private Yard,See Remarks
Lot
- Lot size: 0.77 Acres
- Features: Irregular Lot,Other,See Remarks
- Lot size dimensions: 168 x 249
Parking
- Total spaces: 1
- Parking features: Garage,Gravel,Paved,Two or More Spaces
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Drought
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Tompkins County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,210 | $38,520 |
| Home Insurance * | $135 | $1,620 |
| Property Taxes | $1,116 | $13,392 |
| Electricity | $468 | $5,616 |
| Total | $4,929 | $59,148 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Listed for sale | $635,000 |
| 2025-12-15 | Listing removed | $660,000 |
| 2025-10-08 | Listed for sale | $660,000 |
| 2022-07-29 | Sold | $298,300 |
| 2022-05-19 | Pending sale | $315,000 |
| 2022-05-03 | Contingent | $315,000 |
| 2022-04-05 | Listed for sale | $315,000 |
| 2022-04-04 | Listing removed | -- |
| 2022-02-14 | Price change | $319,000 |
| 2022-01-03 | Listed for sale | $325,000 |
| 2021-12-22 | Listing removed | -- |
| 2021-11-10 | Price change | $330,000 |
| 2021-10-14 | Listed for sale | $335,000 |
| 2021-03-24 | Listing removed | -- |
| 2018-03-07 | Listing removed | $2,450 |
| 2018-02-26 | Listed for rent | $2,450 |
| 2018-02-23 | Sold | $210,960 |
| 2017-12-19 | Pending sale | $229,900 |
| 2017-09-22 | Listed for sale | $229,900 |
| 2004-07-14 | Sold | $164,000 |
| 1998-02-02 | Sold | $102,500 |
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