Lake Placid NY Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- 1,800
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- 203134
ADDITIONAL INFORMATION
This 1,800 sq. ft. well-built, multi-unit home offers exceptional potential in a sought-after Lake Placid location. Featuring 3 bedrooms and 3.5 baths, the property is currently configured as two separate apartments but can easily be converted back to a 3-unit building. With three separate 200-amp electrical panels and individual electric water heaters, this fixer-upper provides flexibility for future updates or expansion. Another exciting option is the potential to host short-term rentals. Perfectly positioned near the new Adirondack Rail Trail, Jewtraw Park, and the Chubb River, outdoor recreation is at your doorstep. Plus, several popular restaurants are just a short walk away, adding to the appeal of this income-generating property. A fantastic opportunity to create a high-performing investment property in Lake Placid's strong rental market!
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.1 Acres
- Year built:
- 1930
- Baths:
- 3.00
- MLS#:
- 202328568
ADDITIONAL INFORMATION
- Type:
- Fourplex
- Sq.Ft.:
- 2,454
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- 200519
ADDITIONAL INFORMATION
This boutique-style vacation rental property, comprised of four newly renovated units, boasts a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and by possessing the necessary permits, this property offers excellent income and strong rental history. Comprising one two-bedroom unit, two one-bedroom units, and one studio apartment, each of these well-appointed units exudes a cozy ambiance with a touch of modern Adirondack charm. In 2022 alone, these units generated over $100,000 in revenue, a remarkable achievement considering they were under construction and remodel for a portion of the year. This property is being offered fully turnkey, featuring numerous upgrades both inside and out. Ample parking is readily available to accommodate guests comfortably.
Based on information from the Adirondack-Champlain Valley MLS as of the date posted below. The information provided by the Adirondack-Champlain Valley MLS is deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Per New York legal requirement, click here for the Standard Operating Procedures. Copyright 2024 Adirondack-Champlain Valley MLS. All Rights Reserved.
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| © 2024 Greater Capital Association of REALTORS (CRMLSNY). All rights reserved. The data relating to real estate for sale on this website have been downloaded from CRMLS. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verification's recommended. Per New York legal requirement, click here for the Standard Operating Procedures. |
Lake Placid Real Estate
The median home value in Lake Placid, NY is $352,400. This is higher than the county median home value of $152,700. The national median home value is $219,700. The average price of homes sold in Lake Placid, NY is $352,400. Approximately 21.26% of Lake Placid homes are owned, compared to 34.66% rented, while 44.08% are vacant. Lake Placid real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Placid real estate agent to arrange a tour today!
Lake Placid, New York 12946 has a population of 2,606. Lake Placid 12946 is more family-centric than the surrounding county with 36.13% of the households containing married families with children. The county average for households married with children is 24.2%.
The median household income in Lake Placid, New York 12946 is $53,487. The median household income for the surrounding county is $55,294 compared to the national median of $57,652. The median age of people living in Lake Placid 12946 is 37.5 years.
Lake Placid Weather
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 6.2 degrees. The average rainfall is approximately 39.9 inches per year, with 76.1 inches of snow per year.