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    Three-Unit Multifamily Property
    Updated: Aug 29
    Three-Unit Multifamily Property

    707 Ridge Road, Lansing, NY 14882

    $489,000
    3,224 sqft 2.55 AC lot
    Three‑unit property with 3,224 square feet of building area
    2.55‑acre parcel with a large lawn and paved off‑street parking
    Each unit has 2 bedrooms, 2 full baths, laundry hookups, and a finished basement
    Individual outdoor decks provide additional usable space for each unit
    Frame construction with vinyl siding; built in 2000
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    This listing looks promising.

    Here's a quick look at some key insights for

    707 Ridge Road, Lansing, NY 14882

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $43K
      Annual

    • Price @ 7% Cap

      $610K
      Above asking

    • Property Type

      Townhouse
      Built 2000
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    3-Unit Triplex with Garages
    Updated: Jun 2
    3-Unit Triplex with Garages

    719 Hayts Road, Ithaca, NY 14850

    $675,000
    3,265 sqft 2.99 AC lot
    3‑unit property with 6 bedrooms and 5 bathrooms
    2.99‑acre site in the Trumansburg School District
    3265 square feet of residential space
    Built in 2019
    Two units have 2 bedrooms and 2 full bathrooms; middle unit has 2 bedrooms and 1 bathroom
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    Triplex with Finished Basements
    Triplex with Finished Basements

    703 Ridge Road, Lansing, NY 14882

    $489,000
    3,224 sqft 1.89 AC lot

    Three residential units include decks, laundry hookups, and full finished basements.

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    Income-Generating Triplex Opportunity
    Income-Generating Triplex Opportunity

    316 W SENECA ST, Ithaca, NY 14850

    $469,900
    2,747 sqft

    Three occupied units are generating rental income with a certificate of occupancy valid through Sept 2026.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Triplex with Eight Off-Street Parking Spaces
    Triplex with Eight Off-Street Parking Spaces

    505 Dryden Road, Ithaca, NY 14850

    $1,000,000
    4,318 sqft 0.02 AC lot

    Triplex on a small lot with eight off-street parking spaces, public water, zoned heating and cooling, and an asphalt roof.

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    8-Bedroom Triplex with Zoned HVAC
    8-Bedroom Triplex with Zoned HVAC

    411 Dryden Road, Ithaca, NY 14850

    $995,000
    4,283 sqft 0.16 AC lot

    Triplex residence with eight bedrooms and four bathrooms, zoned heating and cooling, plus public water at 411 Dryden Road.

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    Triplex with Deck and Porch
    Triplex with Deck and Porch

    708 E Seneca Street, Ithaca, NY 14850

    $925,000
    3,266 sqft

    Triplex built in 1913 with a spacious backyard, deck, front porch, driveway parking, and flexible 4- and 3-bedroom layout.

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    Residential Income Duplex and Triplex
    Residential Income Duplex and Triplex

    301 Cornell St, Ithaca, NY 14850

    Contact for pricing

    Two buildings on one lot with furnished units, on-premises laundry, storage, and a total of nine parking spaces.

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    Three-Unit Property with Owner Residence
    Three-Unit Property with Owner Residence

    524 Hayts Road, Ithaca, NY 14850

    $355,000
    2,678 sqft 7.00 AC lot

    Owner residence accompanies an occupied one-bedroom apartment and studio, creating a flexible residential income configuration.

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    Triplex with Tile Roof
    Triplex with Tile Roof

    410 Stewart Avenue, Ithaca, NY 14850

    $1,150,000
    3,997 sqft 0.05 AC lot

    Triplex offering 15 bedrooms, 3 bathrooms, and parking for 7 vehicles in a 3,997 SF building.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 10 Active listings in Lansing, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Unit Apartment Property
    Three-Unit Apartment Property

    146 Tompkins Street, Cortland, NY 13045

    $289,000
    3,627 sqft 0.19 AC lot

    Three separate apartments offer nine bedrooms, shared basement laundry, and parking on both sides of the house.

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    Triplex With Detached Accessory Unit
    Triplex With Detached Accessory Unit

    824 Spencer Road, Candor, NY 13743

    $299,999
    1,778 sqft 0.75 AC lot

    Triplex with three kitchens, three full baths, first-floor laundry, and separate utilities with three electric meters.

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    Triplex with Basement Laundry
    Triplex with Basement Laundry

    146 Tompkins Street, Cortland, NY 13045

    $289,000

    Three apartments offer flexible rental or owner-occupancy possibilities with parking on both sides of the house.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    824 Spencer Road, Candor, NY 13743

    $299,999

    Three-unit residential income property with three full kitchens, three full baths, and separate utilities.

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    Lansing, NY Triplexes Market Trends and Statistics

    Explore 10 triplexes for sale in Lansing, NY, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 31,002 square feet of properties for sale, with an estimated market value of $6,547,900.

    Sale prices for three-family homes in Lansing, NY start at $355,000, averaging $727,544, and reaching up to $1,150,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 2

    Demographics Overview

    Population 4,193
    Population Growth (5Y) +3.0%
    Median Household Income $94,886
    College Educated 73.6%

    Taxes & Financing

    Tax Rate (average for all types) 0.62%
    Property Tax per SF $31.19 per SF
    Tax Rate vs County Average 0.22 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tompkins County

    New Delisted

    Total CRE Inventory on Market (SF)

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