Updated Two-Unit
For Sale
$375,000
41 School Street, Lake Placid, NY 12946
Residential Income, Lake Placid, NY
Property Size1,518 SF
Price / SF$247.04
Days on Market47
Property Features for 41 School Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street, On Street, Driveway
Interior features
Apartment
Exterior features
Balcony
Basement
Full
Elementary school district
Lake Placid
Middle school district
Lake Placid
High school district
Lake Placid
Directions
Main Street to School Street. House is past Golden on the left just past the old Oak tree.
Subdivision
Lake Placid
Standard status
Active
APN
42.207-3-4.000
Size
1,518 SF
Taxes and HOA fees
Tax Annual Amount
3772
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Bob Miller Real Estate
Listed By:
Francis (Bob) Miller
(518) 524-0383
Added: Jul 18
Changed: Aug 19
Last Checked: Sep 2 at 4:06PM
MLS# 207902
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 1,518-square-foot duplex contains upper and lower apartments, each arranged with an open floor plan and updated bathrooms. Natural light, hardwood flooring, and select refinished Douglas Fir floors contribute to the interior character. A basement storage area is included, along with a tenant-owned washer and dryer. The property also features a balcony, wood siding, asphalt roofing, and electric heat.
Both units are occupied under 12-month leases, providing an established residential income setup. Located at 41 School Street in Lake Placid, the property sits within walking distance of village amenities. Parking options include off-street parking, on-street parking, and a driveway. Public water and public sewer serve the property.
Both units are occupied under 12-month leases, providing an established residential income setup. Located at 41 School Street in Lake Placid, the property sits within walking distance of village amenities. Parking options include off-street parking, on-street parking, and a driveway. Public water and public sewer serve the property.
Key Highlights
- Two apartment units within a 1,518‑square‑foot duplex
- Both units rented on 12‑month leases
- Updated bathrooms and open floor plans in the upper and lower apartments
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 12946, NY
5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
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?
Duplex - Two apartment units offer open layouts, bright interiors, and refreshed bathrooms in a walkable Lake Placid setting.
Where is this duplex located?
The property is located at 41 School Street Lake Placid, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two apartment units within a 1,518‑square‑foot duplex; Both units rented on 12‑month leases; Updated bathrooms and open floor plans in the upper and lower apartments
