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Five-Unit Colonial Apartment Building
For Sale
$695,000
Pending

115 Main Street, Saranac Lake, NY 12983

Residential Income, Saranac Lake, NY

Property Size3,740 SF
Lot Size0.29 Acres
Days on Market163

Property Features for 115 Main Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning Commercial
Parking features Driveway
Spa 1
Window features Wood Frames
Patio and Porch features Porch
Interior features Apartment, Built-in Features, Ceiling Fan(s), Entrance Foyer, High Speed Internet, Primary Downstairs
Exterior features Lighting, Private Entrance, Private Yard
Fencing Privacy
Fireplace 1
Basement Partially Finished, Full, Walk-Out Access
Appliances Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Lot features Many Trees
Elementary school district Saranac Lake
Middle school district Saranac Lake
High school district Saranac Lake
Directions Located across from the hotel saranac and next door to the saranac lake library
Subdivision Saranac Lake, Raybrook
Standard status Pending
APN 447.77-4-4
Size 3,740 SF
Lot size 0.29 Acres

Taxes and HOA fees

Tax Annual Amount 8498

Utilities

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

Building Details

Year built 1892
Floors in Building 3
Number of units 5
Flooring type Vinyl, Carpet, Tile
Building materials Wood Siding
Roof type Asphalt
Architectural style Colonial
Listing Agency: Say Real Estate
Listed By: Kristina Clifford
Added: Apr 28 Changed: Sep 13 Last Checked: Oct 7 at 1:06PM
MLS# 207048

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.

Built in 1892, this Colonial-style property contains five residential units within 3740 square feet. The building was converted to multifamily use in the late 1950s and has received subsequent upgrades while retaining its original character. Interior features include built-in elements, an entrance foyer, ceiling fans, high-speed internet availability, and a primary bedroom on the downstairs level. A porch, private yard, privacy fencing, and driveway parking complement the property, which also includes a fireplace and spa.

The 0.29-acre site is positioned at the intersection of Main and Church streets in Saranac Lake. Hotel Saranac, the Trudeau building, Pendragon Theatre, Berkley Green, the rail trail, and Rivertrail Beerworks are identified nearby. Public water and public sewer serve the property, with cable available. Commercial zoning is also reported.

Key Highlights

  • Five residential units in a multifamily property
  • 3740 square feet on a 0.29‑acre site
  • 1892 Colonial‑style building converted to multifamily use in the late 1950s

Property Analytics

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Current Use

Herrmann Paul J Law Firm

Suggested Use

Top Pick Building Supply Nail Salon (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Maintained multifamily property with character details, private entrances, and a porch near downtown amenities.
Where is this apartment building located?
The property is located at 115 Main Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Five residential units in a multifamily property; 3740 square feet on a 0.29‑acre site; 1892 Colonial‑style building converted to multifamily use in the late 1950s
More about this property
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