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    39 Shepard Ave Saranac Lake, NY 12983

    For Sale
    $379,900

    MULTI_FAMILY - Saranac Lake, NY

    Property size:
    2,730 SF
    Days on Market:
    38
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 39 Shepard Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    447.78-4-10
    Size
    2,730 SF

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1920
    Number of units
    3

    Mountain Run Realty (518) 304-7774

    Listing agent Matthew Szeliga (315) 244-1407

    Listing date Oct 29, 2025

    MLS# 205235 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

    Saranac Lake Income Property

    This multifamily property in Saranac Lake, New York, presents an income-generating opportunity. The building is a three-unit complex featuring two two-bedroom apartments and one three-bedroom apartment. The property offers multiple options for investment. The building's exterior was painted in the spring, and a new roof was installed in 2024. All units have been renovated since 2017. The property size is 2730 square feet and the lot size is 0 acres.
    Property Profile 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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.126227
    Latitude
    44.325033

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    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property in Saranac Lake, New York.
    Where is this triplex located?
    The property is located at 39 Shepard Ave Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: - Income-producing three-plex investment property.; - Opportunity to live in one unit and rent out the other two.; - Features two 2-bedroom apartments and one 3-bedroom apartment.
    (315) 244-1407
    Request Owner's contact information
    39 Shepard Ave Saranac Lake, NY 12983
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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
    39 Shepard Ave Saranac Lake, NY 12983
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