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5-Unit Riverfront Apartment Building
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5732 & 5734 NYS Route 86, Wilmington, NY 12997

Multifamily property with separately metered utilities near Lake Placid and Whiteface Mountain Ski Resort.

Property SizeContact for details
Days on Market143

Property Features for 5732 & 5734 NYS Route 86

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 5 x 1BR/1BA
Multifamily Units 5

Additional Details

Gross Income $54,300
Listing Agency: Coldwell Banker Whitbeck
Listed By: Jack Newberry · License #NY
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 5:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Whitbeck

Investment Insights

Based on property information with market context.

This 5-unit apartment property includes four one-bedroom, one-bath apartments and a separate one-bedroom, one-bath single-family home. The units are individually leased, and utilities are separately metered across the property.

Set alongside the Ausable River, the property offers approximately 150 feet of river frontage. Lake Placid is approximately 15 minutes away, while Whiteface Mountain Ski Resort is approximately 5 minutes from the property, placing the asset near established Adirondack recreation destinations.

Key Highlights

  • 5‑unit multifamily property with four apartments and one single‑family home
  • Each unit offers 1 bedroom and 1 bath
  • Approximately 150 feet of frontage along the Ausable River

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Hair Salon Nail Salon Skin Care Clinic

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby

Demographics for 12997, NY

1,139
Population
818
Households
1.4
Avg Household Size
51
Median Age
31%
College-Educated
96%
High-School Grad
65.2 sq mi
ZIP Area
17
Density / Sq Mi
$80,568
Median Household Income
$53,189
Median Earnings
$1,095
Median Rent
$272,800
Median Home Value

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 - Multifamily property with separately metered utilities near Lake Placid and Whiteface Mountain Ski Resort.
Where is this apartment building located?
The property is located at 5732 & 5734 NYS Route 86 Wilmington, NY.
What are key features of this property?
This property features: 5‑unit multifamily property with four apartments and one single‑family home; Each unit offers 1 bedroom and 1 bath; Approximately 150 feet of frontage along the Ausable River
(518) 380-1423 Call to check price and availability
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