Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27 Water St Ticonderoga, NY 12883

    View on Map
    Sponsored
    For Sale
    $1,000,000

    MULTI_FAMILY - Other - Ticonderoga, NY

    Property size:
    2,600 SF
    Lot size:
    0.60 Acres
    Days on Market:
    16
    Last Refresh:
    Mar 18 at 12:06 am

    Property Features for 27 Water St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
    Bedrooms
    6
    Bathrooms
    3
    APN
    154800 150.59-8-13.100
    Parking
    10
    Parking features
    Off Street, Driveway
    Patio and Porch features
    Patio
    Interior features
    Paddle Fan, High Speed Internet
    Fireplace
    1
    Size
    2,600 SF
    Lot size
    0.60 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Oil, Forced Air
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1820
    Number of units
    2
    Flooring type
    Hardwood, Wood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Scott P Varley
    Scott P Varley

    KW Platform (518) 724-5800

    Listing agent Scott P Varley (518) 281-6808 License #30VA0727304

    Listing date Mar 2, 2026

    MLS# 202610569 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Lake George Waterfront Compound

    This property features two homes on Lake George in Ticonderoga. The main home is a remodeled historic residence, modernized for comfort while maintaining its timeless charm and offering lake views. The second home is a newer-built cottage right on the water, featuring views of both the lake and the Adirondack Mountains. The guest cottage is an accessory structure and cannot be used as a year round single family dwelling. Set on a 0.6-acre lot, there's space for outdoor activities. A dock is included, and the property sits at the northern tip of the lake where the water narrows into a scenic channel. Located in the historic town of Ticonderoga, home to the famous Fort Ticonderoga, this property blends history with lakeside leisure. The property offers potential for Airbnb or vacation rentals. The property size is 2600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Skin Care Clinic Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Ticonderoga
    County
    Essex
    State
    New York
    Longitude
    -73.426121
    Latitude
    43.833773

    Nearby Similar for Sale

    • $649,999
      Pending

      Turnkey Restaurant with Acreage

      Established restaurant and home near Lake George with expansion potential.
      72 State Route 9N, Ticonderoga, NY 12883
      View Details
    • $1,200,000
      0.50 Acres

      Renovated Mixed-Use Building, Ticonderoga

      Newly renovated mixed-use building in historic Ticonderoga, near Lake George.
      117 Burgoyne Rd, Ticonderoga, NY 12883
      View Details
    • $45,000
      576 SF

      Former Deli & Convenience Store

      Former deli and convenience store with fixtures included, near campground.
      42 State Route 9N, Ticonderoga, NY 12883
      View Details
    • $395,000
      1.00 Acre

      Prime Ticonderoga Commercial Land

      One-acre commercial lot, ideal for development.
      325 State Route 22, Ticonderoga, NY 12883
      View Details
    • Contact for pricing
      1,899 SF

      Commercial Building in Prime Location

      1899 sq ft commercial building on .30 acre lot.
      69 Montcalm St, Ticonderoga, NY 12883
      View Details
    • $79,000
      0.16 Acres

      Prime Ticonderoga Retail Space

      High-traffic location, excellent visibility. Great investment opportunity.
      42 State Route 9N, Ticonderoga, NY 12883
      View Details
    • $239,000
      0.20 Acres

      Ticonderoga Mixed-Use Investment Opportunity

      Prime Ticonderoga location, 0.2-acre lot.
      85 Montcalm St, Ticonderoga, NY 12883
      View Details

    FAQs

    What type of property is this?
    Single family property - Two homes on Lake George with stunning views and endless potential.
    Where is this single family property located?
    The property is located at 27 Water St Ticonderoga, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Two homes on Lake George waterfront property.; - Main home is a remodeled historic residence with **lake views**.; - Second, newer-built cottage has **lake and Adirondack Mountain views**.
    (518) 281-6808
    Request Owner's contact information
    27 Water St Ticonderoga, NY 12883
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27 Water St
    Ticonderoga, NY 12883
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    27 Water St Ticonderoga, NY 12883
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott P Varley
    Scott P Varley
    Real Estate License ID: 30VA0727304
    (518) 281-6808 (518) 693-1080 (518) 724-5800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!