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    158-160 Newman Rd Lake Placid, NY 12946

    For Sale
    $729,000

    MULTI_FAMILY - Other - Lake Placid, NY

    Property size:
    3,338 SF
    Lot size:
    0.52 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 158-160 Newman Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Spa
    1
    Window features
    Double Pane Windows
    Zoning
    Residential
    APN
    42.271-1-8.100
    Parking
    8
    Interior features
    Apartment, Eat-in Kitchen
    Exterior features
    Garden
    Basement
    Sump Pump, Dirt Floor, Unfinished
    Appliances
    Dishwasher, Dryer, Electric Range, Electric Water Heater, Free-Standing Refrigerator, Washer
    Size
    3,338 SF
    Lot size
    0.52 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Oil, Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood, Tile, Carpet
    Building materials
    Shingle Siding, Wood Siding
    Roof type
    Asphalt, Metal
    Architectural style
    Other

    Tina Leonard Real Estate (518) 523-3224

    Listing agent Daci Shenfield (518) 524-0526

    Listing date Nov 13, 2025

    MLS# 206053 Listing URL

    Copyright © 2025 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.

    Overview

    Lake Placid Multifamily Property

    This multifamily property features three units, offering the potential for long-term rental income or owner-occupancy with rental income offset. Two units are currently tenant-occupied, while one is owner-occupied. Each unit includes separate laundry hookups and spacious layouts. The property includes garage spaces for three vehicles and off-street parking. Two units feature hardwood floors, and the third has new wall-to-wall carpet. Located minutes from Main Street, Olympic venues, and Adirondack Health, the property is situated in a high-demand rental market. The property is zoned for residential use and has a lot size of 0.52 acres. The building has 3338 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Essex
    State
    New York
    Longitude
    -73.980518
    Latitude
    44.270623

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    FAQs

    What type of property is this?
    Triplex - Multifamily property with three units near Main Street.
    Where is this triplex located?
    The property is located at 158-160 Newman Rd Lake Placid, NY.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: - Income-generating property with two tenant-occupied units; - Opportunity to live in one unit and offset mortgage with rental income; - Each unit has separate laundry hookups and spacious layouts
    (518) 524-0526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    158-160 Newman Rd Lake Placid, NY 12946
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