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Colonial Apartment Building with Five Units
For Sale
$695,000

115 Main Street, Saranac Lake, NY 12983

Residential Income, 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 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 Full, Walk-Out Access, Partially Finished
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 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

Building Details

Year built 1892
Floors in Building 3
Number of units 5
Flooring type Carpet, Tile, Vinyl
Building materials Wood Siding
Roof type Asphalt
Architectural style Colonial
Listing Agency: Say Real Estate
Listed By: Kristina Clifford
Added: Apr 28 Changed: Aug 19 Last Checked: Aug 20 at 7:06PM
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.

Colonial apartment building offering five residential units in a historic Colonial setting. Built in 1892, the property has wood siding and an asphalt roof. Interior features include built-in features, an entrance foyer, ceiling fans, and primary living space on the downstairs level, with high-speed internet available. Heating is provided by an oil hot water system. Appliances include a washer and dryer, electric range and oven, and refrigerator. The home includes a fireplace and spa, and offers private outdoor space with a private yard and porch, plus a privacy fence.

Located at a high-traffic Main and Church St intersection in downtown Saranac Lake, the property places residents close to local attractions and dining options, with public utilities including public water and public sewer. Cable is available.

The driveway provides on-site parking, with a private entrance supporting day-to-day access for tenants and guests. A recent upgrades list is available via the listing documents.

Key Highlights

  • 5 residential units in a Colonial apartment building
  • 0.29‑acre lot with 3,740 SF building size
  • Built in 1892 with Colonial architectural style

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

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

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 Colonial apartment building with five residential units, private yard, porch, and driveway parking.
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: 5 residential units in a Colonial apartment building; 0.29‑acre lot with 3,740 SF building size; Built in 1892 with Colonial architectural style
More about this property
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