Renovated Triplex with New
For Sale
$349,900
Pending
39 Shepard Avenue, Saranac Lake, NY 12983
MULTI_FAMILY - Other - Saranac Lake, NY
Property Size2,730 SF
Days on Market95
Property Features for 39 Shepard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Basement
Walk-Out Access, Apartment
Elementary school district
Saranac Lake
Middle school district
Saranac Lake
High school district
Saranac Lake
Directions
From River St. turn onto Shepard and the property is on the left.
Subdivision
Saranac Lake, Raybrook
Standard status
Pending
APN
447.78-4-10
Size
2,730 SF
Taxes and HOA fees
Tax Annual Amount
5439
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1920
Number of units
3
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Mountain Run Realty
(518) 304-7774
Listed By:
Matthew Szeliga · License #10371201323
(315) 244-1407
Added: May 9
Changed: Jul 30
Last Checked: Aug 11 at 9:06PM
MLS# 207156
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.
This three-unit triplex at 39 Shepard Avenue in Saranac Lake offers a flexible layout with two 2-bedroom apartments and one 3-bedroom apartment. The property totals 2,730 square feet and includes oil hot water heating with baseboard units. Water service is public, and the home is connected to public sewer. The roof is asphalt.
Renovations to the units have been completed since 2017. Major exterior updates include a new roof installed in 2024 and exterior painting completed in 2025. Built in 1920, the property is positioned as an income-producing option for an owner-occupant or a long-term investor.
With a mix of apartment sizes, the unit configuration supports a variety of tenant needs while keeping the overall three-unit format simple to manage. The recent capital improvements help reduce near-term replacement concerns.
Renovations to the units have been completed since 2017. Major exterior updates include a new roof installed in 2024 and exterior painting completed in 2025. Built in 1920, the property is positioned as an income-producing option for an owner-occupant or a long-term investor.
With a mix of apartment sizes, the unit configuration supports a variety of tenant needs while keeping the overall three-unit format simple to manage. The recent capital improvements help reduce near-term replacement concerns.
Key Highlights
- Three‑unit triplex with two 2‑bedroom units and one 3‑bedroom unit
- 2,730 SF total building area
- Units renovated since 2017
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in Saranac Lake offering renovated apartments, public utilities, oil hot-water baseboard heat, and a new asphalt roof.
Where is this triplex located?
The property is located at 39 Shepard Avenue Saranac Lake, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom units and one 3‑bedroom unit; 2,730 SF total building area; Units renovated since 2017
