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Apartment Building with Five Units
For Sale
$695,000

115 Main Street, Saranac Lake, NY 12983

Commercial Sale, Saranac Lake, NY

Property Size3,740 SF
Lot Size0.29 Acres
Price / SF$185.83
Days on Market115

Property Features for 115 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking features Driveway
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
Basement Full, Walk-Out Access, Partially Finished
Appliances Dryer, Electric Oven, Electric Range, Refrigerator, Washer
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 Active
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

Amenities

0.8' = [8]

Building Details

Year built 1892
Floors in Building 3
Number of units 3
Flooring type Carpet, Tile, Vinyl
Building materials Wood Siding
Roof type Asphalt
Listing Agency: Say Real Estate
Listed By: Kristina Clifford
Added: Apr 28 Changed: Aug 19 Last Checked: Aug 20 at 8:06PM
MLS# 207049

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 and remodeled in 1907 as a Colonial Revival home, this property was later converted in the late 1950s to a multi-family use and now provides five residential units. The building has been maintained and upgraded over time while protecting its character and charm. Interior amenities include high-speed internet, an entrance foyer, ceiling fans, and a primary bedroom located downstairs. Appliances include a refrigerator, electric range and oven, washer, and dryer.

Set on a 0.29-acre lot at a high-traffic intersection on Main and Church St in Saranac Lake, the property is positioned for convenient downtown access. Exterior features include private entrances, a private yard, driveway parking, privacy fencing, and exterior lighting. The home has hot water heating with oil fuel and an asphalt roof, with wood siding throughout. Utilities include cable available, with public water and public sewer service.

The offering is suited for residential tenants and also supports commercial interest given the Commercial zoning noted for the property.

Key Highlights

  • Built in 1892; remodeled in 1907; converted to multi‑family in the late 1950s
  • Five residential units
  • 0.29‑acre lot with private yard and private entrances

Property Analytics

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

1%
Occupancy

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Commercial-zoned apartment building with five residential units, public water and sewer, and private entrances.
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: Built in 1892; remodeled in 1907; converted to multi‑family in the late 1950s; Five residential units; 0.29‑acre lot with private yard and private entrances
More about this property
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