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Renovated Triplex Apartment Building
For Sale
$389,000

137 Charles Street, Saranac Lake, NY 12983

Residential Income, Saranac Lake, NY

Property Size3,060 SF
Lot Size0.18 Acres
Price / SF$127.12
Days on Market1242

Property Features for 137 Charles Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning Residential
Parking features None
Window features Insulated Windows, Double Pane Windows
Interior features Apartment, High Speed Internet
Exterior features Lighting
Basement Crawl Space
Appliances Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
Lot features Few Trees, Level, Many Trees
Elementary school district Saranac Lake
Middle school district Saranac Lake
High school district Saranac Lake
Directions From Broadway Ave., go up Prospect St. Turn right onto Fairview St. Right onto Charles St. House is on the left. Sign
Subdivision Saranac Lake, Raybrook
Standard status Active
APN 446.68-3-14
Size 3,060 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Annual Amount 5577

Utilities

Utilities Cable Available
Heating system Electric (Heating), Baseboard, Propane (Heating)
Water source Public

Building Details

Year built 1910
Floors in Building 2
Number of units 3
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Berkshire Hathaway HomeServices Adirondack Premier Properties
Listed By: Karina Lombart
Added: Mar 31, 2023 Changed: Aug 19 Last Checked: Aug 23 at 8:06AM
MLS# 178336

Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Renovated three-unit apartment building with a total building size of 3,060 square feet on a 0.18-acre lot. The property was built in 1910 and features vinyl siding with an asphalt shingle roof. Interior amenities include high-speed internet and apartment living across the three units.

Utilities are set up so tenants pay utilities, and the building has public water. Heating is provided via electric baseboard with propane heating. The property also includes exterior lighting and in-unit appliances such as a washer, dryer, electric range, electric oven, electric water heater, and refrigerator.

Zoned Residential, the building is positioned for everyday convenience with proximity to downtown, schools, parks, and lakes.

Key Highlights

  • Three‑unit apartment building totaling 3,060 SF on 0.18 acres
  • Renovated and well maintained, built in 1910
  • Vinyl siding with an asphalt shingle roof

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store HVAC Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

578
Businesses Nearby

Demographics for 12983, NY

7,073
Population
4,664
Households
1.5
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
115.8 sq mi
ZIP Area
61
Density / Sq Mi
$64,604
Median Household Income
$39,717
Median Earnings
$845
Median Rent
$207,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Renovated three-unit apartment building with public water and cable available, plus high-speed internet in each unit.
Where is this triplex located?
The property is located at 137 Charles Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Three‑unit apartment building totaling 3,060 SF on 0.18 acres; Renovated and well maintained, built in 1910; Vinyl siding with an asphalt shingle roof
More about this property
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