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 By
Agency Name: Yaman Commercial Industrial
Agency Contact: 607.753.9644
Shown By
Agent Name: Cassandra Whitney
Agent Phone: (716) 536-2101
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 2,263.78 per month $1,413.23 Principal & Interest $665.33 Property Tax $185.21 Homeowner's Insurance
163 Ridge Road | MLS# S1677371
This multi-family property located at 163 Ridge Road, Lansing, NY 14882 is currently listed for sale with an asking price of $635,000. Ridge Road is located within the Lansing school district. Search Lansing real estate on cwhitney.mjpeterson.com today.