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Five-Unit Apartment Building
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 Market131

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 Walk-Out Access, Full, 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

Building Details

Year built 1892
Floors in Building 3
Number of units 3
Flooring type Vinyl, Tile, Carpet
Building materials Wood Siding
Roof type Asphalt
Listing Agency: Say Real Estate
Listed By: Kristina Clifford
Added: Apr 28 Changed: Sep 4 Last Checked: Sep 5 at 9:06AM
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, this 3,740-square-foot Colonial Revival property contains five residential units within a well-maintained multifamily layout. Interior features include built-in elements, an entrance foyer, ceiling fans, high-speed internet availability, and a primary bedroom on the main level. The property includes a driveway, private yard, privacy fencing, wood siding, asphalt roofing, and a mix of carpet, tile, and vinyl flooring. Recent improvements have been made while retaining the building’s original character.

Positioned at the intersection of Main Street and Church Street in Saranac Lake, the property is near Hotel Saranac, the Trudeau building, Pendragon Theatre, Berkley Green, the rail trail, and Rivertrail Beerworks. Commercial zoning, public water, public sewer, and cable availability support the property’s existing multifamily use and broader commercial context.

Key Highlights

  • Five residential units in a 3,740‑square‑foot multifamily property
  • 0.29‑acre parcel with a driveway, private yard, and privacy fencing
  • Built in 1892 with Colonial Revival design and wood siding

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 - Commercially zoned multifamily property with private entrances, updated interiors, and preserved historic character.
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 3,740‑square‑foot multifamily property; 0.29‑acre parcel with a driveway, private yard, and privacy fencing; Built in 1892 with Colonial Revival design and wood siding
More about this property
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