Saranac Lake NY Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
2,540
Status:
Active
Beds:
n/a
Year built:
1945
Baths:
MLS#:
203129

ADDITIONAL INFORMATION

This 3 unit is in a perfect location! Located down the road from North Country Community College it would be a great investment property for student housing. Across the street from the new waterfront hotel and the new All-Use Rail Trail, it has great potential. Close to downtown and many restaurants, in a desirable neighborhood. The ground floor 2-3 bedroom space would be a perfect owners unit with the ability to rent the other two units to cover expenses or convert to a single family home!

Type:
Triplex
Sq.Ft.:
2,448
Status:
Active
Beds:
n/a
Lot size:
0.16 Acres
Year built:
1920
Baths:
MLS#:
202548

ADDITIONAL INFORMATION

Discover this charming three apartment home located in the Helen Hill Historic District that offers privacy for its tenants.Two units could possibly be two bedrooms. The lower level one bedroom apartment has access from the three season back porch. All apartments have cure porches. Some could be for year round use. Recently upgraded with a 2 year old roof with complete ice and water shield, a new high efficiency propane boiler (being installed July 22,2024), several replaced appliances, vinyl bathroom floors, added blown seamless insulation, new Bradford White hot water heater, 3 new propane tanks located behind the building, Douglas Fir floors throughout all blending comfort with energy efficiency. Interior could use painting and a redo of middle apartment. All tenants have been there for 30 years and are happy with their units. For those who enjoy the outdoors or a bit of gardening, the property offers a private backyard abutting a serene wooded area and a space under the back porch that could be transformed into a handy workshop. The cleaned up basement provides additional space for storage. Tucked in a corner of a one-way street, the home ensures a peaceful living environment. Yet it remains conveniently close to downtown amenities accessible via common steps to main Street. Perfect for those spontaneous ice cream runs, leisurely strolls to town to catch some entertainment in Riverside Park or Berkeley Green, or a wonderful array of restaurant choices, art guild, library and quaint stores. Not to mention the proximity to Nori's Health food store, Grand Union Supermarket adds a layer of practicality to everyday living.

Type:
Apartment
Sq.Ft.:
5,663
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1936
Baths:
MLS#:
202231

ADDITIONAL INFORMATION

This listing features a well maintained, updated and profitable 7 unit building along the shores of the Saranac River in the center of DownTown Saranac Lake! Municipal public parking a block away and easy access in to the building from sidewalk one block off Broadway's night life, cafe's and shops! new Furnace in Sept. 2015. Many of the units have had upgrades and updates. Great tenants already in place at market rents.

Type:
Fourplex
Sq.Ft.:
3,396
Status:
Active
Beds:
n/a
Lot size:
0.27 Acres
Year built:
1930
Baths:
MLS#:
202172

ADDITIONAL INFORMATION

This well-maintained, income-generating residential property in desirable Saranac Lake features four 1-bedroom, railroad-style units. Each unit has extra space for an additional bedroom or office. You can choose to live in one unit and rent out the others, or lease all four for maximum returns. Residents will appreciate the ample parking, two stall garage and significant updates made in 2013, including a new roof, high-efficiency boiler, and upgraded electrical system. Additionally, kitchen and floor renovations have been completed in two out of the four units. Situated within walking distance of Lake Flower, Riverside Park, and the vibrant downtown Saranac Lake, this location is highly sought after. With views of Baker mountain and situated on a quiet street. Whether you're a seasoned investor or new to real estate, this opportunity is too good to overlook. Take advantage of this prime investment and secure your future in the flourishing Saranac Lake market!

Type:
Triplex
Sq.Ft.:
3,060
Status:
Active
Beds:
n/a
Lot size:
0.18 Acres
Year built:
1910
Baths:
MLS#:
178336

ADDITIONAL INFORMATION

Wonderfully renovated and well maintained 3 unit apartment building producing great income for investors. Tenants pay the utilities. Plenty of off street parking. Desirable location close to downtown, schools, parks and lakes. Don't miss out on this established revenue generator and please give at least 24 hour notice for showings.

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Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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.



Saranac Lake Real Estate

The median home value in Saranac Lake, NY is $372,500. This is higher than the county median home value of $162,800. The national median home value is $338,100. The average price of homes sold in Saranac Lake, NY is $372,500. Approximately 47.46% of Saranac Lake homes are owned, compared to 38.2% rented, while 14.35% are vacant. Saranac Lake 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 Saranac Lake real estate agent to arrange a tour today!

Saranac Lake, New York has a population of 5,003. Saranac Lake is less family-centric than the surrounding county with 21.48% of the households containing married families with children. The county average for households married with children is 25.55%.

The median household income in Saranac Lake, New York is $54,813. The median household income for the surrounding county is $55,279 compared to the national median of $69,021. The median age of people living in Saranac Lake is 44.3 years.

Saranac Lake Weather

The average high temperature in July is 75.3 degrees, with an average low temperature in January of 2.8 degrees. The average rainfall is approximately 40.8 inches per year, with 106.4 inches of snow per year.

Saranac Lake Real Estate Market Conditions

  • Median sales price

    $372,500
    14.6% change since last quarter
  • # Active listings

    64
    30-day change

Saranac Lake Schools and Demographics

Education near Saranac Lake, NY

Metric City County
High School Graduates 92.47 88.14
College Degree - 2 year 16.01 12.46
College Degree - 4 year 37.19 21.62
Graduate Degree 15.2 8.1
Expenditures per Student 30,352 30,352
Students per Teacher 10.2 10.2

Elementary Schools near Saranac Lake, NY

School Grades Students P/T Ratio ZIP
Bloomingdale School KG - 05 176 12.6 12983
L P Quinn Elementary School PK - 06 432 12.7 12986
Petrova Elementary School KG - 05 362 11.3 12983

Middle Schools near Saranac Lake, NY

School Grades Students P/T Ratio ZIP
Saranac Lake Middle School 06 - 08 288 10.7 12983

High Schools near Saranac Lake, NY

School Grades Students P/T Ratio ZIP
Saranac Lake Senior High School 09 - 12 419 12.2 12983
Tupper Lake Middle-High School 07 - 12 371 12.8 12986

Ungraded Schools near Saranac Lake, NY

School Grades Students P/T Ratio ZIP
Sunmount Developmental Center UG - UG 1 12986

Demographics near Saranac Lake, NY

Metric City County
Neighborhood Type Small town
Population 5,003 47,996
Population Density 1,800 30
Median Age 44.3 40.6
People per Household 2 2.3
Median Household Income 54,813 55,279
Average Income per Capita 34,159 27,826